Classic Two-Unit
For Sale
$219,000
107 S Spain, Darlington, SC 29532
Multi-Family, Darlington, SC
Property Size2,500 SF
Price / SF$87.60
Days on Market92
Property Features for 107 S Spain
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Parking
2
Parking features
Carport, Off Street
Subdivision
CITY
Elementary school
CAIN
Middle school
DARLINGTON
High school
DARLINGTON
Standard status
Active
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
storage building
Building Details
Year built
1931
Number of units
2
Flooring type
Vinyl, Carpet, Wood
Building materials
Aluminum/Vinyl Sid.
Roof type
Metal
Buildings
1
Listing Agency:
Drayton Realty Group
(843) 407-5232
Listed By:
Kenneth Godbold
(843) 468-1309
Added: Jul 31
Changed: Oct 29
Last Checked: Oct 30 at 12:06PM
MLS# 2603140
Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1931, this duplex contains two residential units, each arranged with two bedrooms and one full bathroom. The property provides approximately 2,500 square feet of combined living area, with wood, vinyl, and carpet flooring, central heating, and central air. A metal roof and public water and sewer serve the building.
The left-side unit includes a detached carport and separate storage building. Off-street parking adds practical convenience, while the property’s location within walking distance of historic downtown Darlington provides access to the surrounding downtown area.
The left-side unit includes a detached carport and separate storage building. Off-street parking adds practical convenience, while the property’s location within walking distance of historic downtown Darlington provides access to the surrounding downtown area.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit
- Approximately 2,500 square feet of combined living area
- Built in 1931 with a metal roof and mixed wood, vinyl, and carpet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,137
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
$282.7K
Cap Rate 7%
$201,957
$202.0K
Cap Rate 9%
$157,078
$157.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$21.6K $8.64/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$20.2K $8.08/SF
− OpEx
−$6.1K −$2.42/SF
NOI
$14.1K $5.65/SF
Area
Darlington County, SC
Vacancy
6.50%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
Cap Rate 7%
$201,957
Cap Rate 9%
$157,078
Alternative Uses
Best Use
Multifamily LT 5
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$177.3K
$155.1K – $206.8K
NOI $12,408 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$4.62M
$4.05M – $5.39M
NOI $323,663 @ 7.0% cap · market cap 147.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
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Business Placement
Demographics for 29532, SC
19,572
Population
9,641
Households
2
Avg Household Size
42
Median Age
15%
College-Educated
85%
High-School Grad
114.8 sq mi
ZIP Area
170
Density / Sq Mi
$41,810
Median Household Income
$27,378
Median Earnings
$885
Median Rent
$120,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with two separate units, central HVAC, and off-street parking.
Where is this duplex located?
The property is located at 107 S Spain Darlington, SC.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit; Approximately 2,500 square feet of combined living area; Built in 1931 with a metal roof and mixed wood, vinyl, and carpet flooring
