Two-Building Multifamily
For Sale
$350,000
835 Frink Street, Cayce, SC 29033
MULTI-FAMILY, Cayce, SC
Property Size2,200 SF
Lot Size0.87 Acres
Price / SF$159.09
Days on Market72
Property Features for 835 Frink Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Parking
2
Elementary school
Cayce Elementary
Middle school
Busbee
High school
Brookland-Cayce
Elementary school district
Lexington Two
Middle school district
Lexington Two
High school district
Lexington Two
Directions
From Highway 1 toward West Columbia, turn right onto 12th Street. Turn left onto Frink Street. Property will be on the right at the corner of Frink Street and McDuffie Street.
Subdivision
Cayce/West Cola/Airport/S. Congaree
Standard status
Active
Size
2,200 SF
Lot size
0.87 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Listing Agency:
Southern Visions Realty I LLC
Listed By:
W Rhett Kelly
(803) 359-9571
Added: Jun 25
Changed: Sep 2
Last Checked: Sep 4 at 2:06PM
MLS# 637285
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property includes two buildings on a 0.87-acre parcel with 2,200 square feet of total property size. The front structure is located at 835 Frink Street, while the rear building is addressed at 736 McDuffie Street and is currently tenant-occupied. The property is being sold as-is, where-is.
Built in 1945, the buildings feature central heating and central air, with public water service. The property includes two bedrooms and one bathroom among its listed rooms. M zoning supports multifamily, commercial, and mixed-use possibilities, subject to applicable requirements. Located in Cayce, South Carolina, the property offers an existing two-building configuration with separate street addresses.
Built in 1945, the buildings feature central heating and central air, with public water service. The property includes two bedrooms and one bathroom among its listed rooms. M zoning supports multifamily, commercial, and mixed-use possibilities, subject to applicable requirements. Located in Cayce, South Carolina, the property offers an existing two-building configuration with separate street addresses.
Key Highlights
- Two buildings on a 0.87‑acre parcel
- 2,200 square feet of total property size
- M zoning supports multifamily, commercial, and mixed‑use possibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,770
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,400
$455.4K
Cap Rate 7%
$325,286
$325.3K
Cap Rate 9%
$253,000
$253.0K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $18.00/SF
− Vacancy
−$3.2K −$1.44/SF
EGI
$36.4K $16.56/SF
− OpEx
−$13.7K −$6.21/SF
NOI
$22.8K $10.35/SF
Area
Lexington County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,400
Cap Rate 7%
$325,286
Cap Rate 9%
$253,000
Alternative Uses
Best Use
Mixed Use
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,966 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 29033, SC
12,575
Population
6,873
Households
1.8
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
1,258
Density / Sq Mi
$57,524
Median Household Income
$37,629
Median Earnings
$1,342
Median Rent
$156,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - M zoning and two separate buildings offer flexibility for multifamily, commercial, or mixed-use use.
Where is this multifamily property located?
The property is located at 835 Frink Street Cayce, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two buildings on a 0.87‑acre parcel; 2,200 square feet of total property size; M zoning supports multifamily, commercial, and mixed‑use possibilities
