Mid-Century Modern Multifamily
For Sale
$649,900
Pending
1007 Tamarack Drive, North Augusta, SC 29841
MULTI_FAMILY - Contemporary - North Augusta, SC
Property Size4,352 SF
Lot Size2.40 Acres
Days on Market50
Property Features for 1007 Tamarack Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bonus Room, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Dining Room, Bedroom 4, Bedroom 2, Family Room, Den, Bathroom 3, Bedroom 1
Parking features
Driveway
Window features
Window Coverings
Patio and Porch features
Porch, Patio, Deck
Interior features
Walk-In Closet(s), Cable Available, Ceiling Fan(s), Kitchen Island, Second Kitchen, Pantry, Eat-in Kitchen
Fireplace
1
Appliances
Microwave, Range, Self Cleaning Oven, Refrigerator, Gas Water Heater, Dishwasher, Disposal
Subdivision
Pineview Estates
Lot features
Wooded, Landscaped, Wooded, Landscaped
Elementary school
Mossy Creek
Middle school
Paul Knox
High school
N Augusta
Directions
Take Five Notch Road to Ponderosa, Right onto Roble, Left onto Tamarack. Driveway will be on the right
Standard status
Pending
APN
0051501004
Size
4,352 SF
Lot size
2.40 Acres
Taxes and HOA fees
Tax Description
W/Pt Block 5 Area Pineview Est
Legal Description
W/Pt Block 5 Area Pineview Est
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air, Zoned, Electric
Water source
Well
Amenities
pool
Building Details
Year built
1973
Floors in Building
2
Flooring type
Wood, Laminate, Vinyl, Tile
Building materials
Brick Veneer, Drywall, Wood Siding
Roof type
Composition
Architectural style
Contemporary
Additional Structures
Guest House
Listing Agency:
Summer House Realty
(706) 306-5821
Listed By:
Lisa Christie · License #400843
(706) 231-0431
Added: Jun 26
Changed: Aug 3
Last Checked: Aug 14 at 2:06AM
MLS# 224189
Copyright © 2026 Aiken Association of REALTORS®. 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.
Mid-century modern multifamily estate built in 1973 on a 2.4-acre private setting, with a main home sized at 4,352 square feet. The interior features a mix of flooring types and includes walk-in closets, a kitchen island, pantry, and eat-in kitchen. Heating is electric forced air, and cooling is central air with zoned comfort. The home also includes a fireplace, multiple living and entertaining spaces, and a configuration that includes multiple bedrooms and several bathrooms.
A separate guest house provides additional flexibility, with 1,600 square feet that includes two bedrooms, a large living room, a kitchen, an updated bathroom, and additional space that can support a home office or creative studio use. Outdoor living includes a porch, patio, and deck, plus a pool surrounded by mature landscaping.
The property is located at 1007 Tamarack Drive in North Augusta, South Carolina, with driveway parking. Water is supplied by a well and wastewater is handled by a septic tank, supporting an independent, private-feeling setting within the neighborhood.
A separate guest house provides additional flexibility, with 1,600 square feet that includes two bedrooms, a large living room, a kitchen, an updated bathroom, and additional space that can support a home office or creative studio use. Outdoor living includes a porch, patio, and deck, plus a pool surrounded by mature landscaping.
The property is located at 1007 Tamarack Drive in North Augusta, South Carolina, with driveway parking. Water is supplied by a well and wastewater is handled by a septic tank, supporting an independent, private-feeling setting within the neighborhood.
Key Highlights
- Built in 1973 on 2.4 acres
- 4,352 SF main home with multiple bedrooms and bathrooms
- Separate guest house with 1,600 SF and two bedrooms
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
$34,449
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
5.30%
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%
$688,980
$689.0K
Cap Rate 7%
$492,129
$492.1K
Cap Rate 9%
$382,767
$382.8K
Market Conditions
NOI Build-Up for 4,352 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
$66.8K $15.36/SF
− Vacancy
−$4.2K −$0.97/SF
EGI
$62.6K $14.39/SF
− OpEx
−$28.2K −$6.48/SF
NOI
$34.4K $7.92/SF
Area
Aiken County, SC
Vacancy
6.30%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
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%
$688,980
Cap Rate 7%
$492,129
Cap Rate 9%
$382,767
Alternative Uses
Best Use
Apartment 5plus
$492.1K
$430.6K – $574.2K
NOI $34,449 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.9K
$734.0K – $978.7K
NOI $58,721 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
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 - Mid-century modern multifamily estate with a pool, separate guest house, and well-and-septic utilities for privacy.
Where is this multifamily property located?
The property is located at 1007 Tamarack Drive North Augusta, SC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Built in 1973 on 2.4 acres; 4,352 SF main home with multiple bedrooms and bathrooms; Separate guest house with 1,600 SF and two bedrooms
