Two-Unit Duplex with Updated
New
For Sale
$235,000
1108 Weston Street, North Augusta, SC 29841
Residential Income, North Augusta, SC
Property Size1,725 SF
Lot Size0.30 Acres
Price / SF$136.23
Days on Market2
Property Features for 1108 Weston Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-10
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 3
Exterior features
Mail on Site, Trash on Site, End Unit
Subdivision
Summerfield
Lot features
Cul-De-Sac
Elementary school
North Augusta
Middle school
North Augusta
High school
North Augusta
Directions
I-20 Exit 1 Martintown Road, left onto Laurens Street, left onto Royalette Ave., right onto Weston Street, home is on the left
Standard status
Active
APN
013-09-05-017
Size
1,725 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LT 18 & PT 1 BLK 2 SUMMERFIELD
Legal Description
LT 18 & PT 1 BLK 2 SUMMERFIELD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Southeastern Residential, LLC
(706) 945-0512
Listed By:
Katie King · License #354767
(678) 799-6153
Added: Aug 22
Last Checked: Aug 23 at 3:06AM
MLS# 100598307
Copyright © 2026 Hive MLS. 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 1,725-square-foot duplex contains two 3BR/1BA units, each with hardwood flooring, an updated kitchen, and an updated bath. Separate utilities and private entrances provide distinct access for each residence, while the long driveway serves the rental unit. The property has vinyl siding, a composition roof, forced-air heating, central air, and ceiling fans.
Built in 1952 on a 0.3-acre lot, the property is located at 1108 Weston Street in North Augusta, South Carolina. Public water and public sewer serve the building, and the zoning designation is R-10. One unit is occupied by a rental tenant, while the second unit is available for move-in.
Built in 1952 on a 0.3-acre lot, the property is located at 1108 Weston Street in North Augusta, South Carolina. Public water and public sewer serve the building, and the zoning designation is R-10. One unit is occupied by a rental tenant, while the second unit is available for move-in.
Key Highlights
- Two 3BR/1BA units within a 1,725‑square‑foot duplex
- Updated kitchens and baths in both units
- Hardwood flooring throughout both residences
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
$15,667
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
6.67%
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%
$313,340
$313.3K
Cap Rate 7%
$223,814
$223.8K
Cap Rate 9%
$174,078
$174.1K
Market Conditions
NOI Build-Up for 1,725 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
$23.8K $13.80/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$22.4K $12.97/SF
− OpEx
−$6.7K −$3.89/SF
NOI
$15.7K $9.08/SF
Area
Aiken County, SC
Vacancy
5.98%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$313,340
Cap Rate 7%
$223,814
Cap Rate 9%
$174,078
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.8K – $261.1K
NOI $15,667 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$195.1K
$170.7K – $227.6K
NOI $13,655 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$332.5K
$290.9K – $387.9K
NOI $23,275 @ 7.0% cap · market cap 9.90%
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
399
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?
Duplex - Separate utilities, private entrances, and long driveway access support distinct residential unit operations.
Where is this duplex located?
The property is located at 1108 Weston Street North Augusta, SC.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two 3BR/1BA units within a 1,725‑square‑foot duplex; Updated kitchens and baths in both units; Hardwood flooring throughout both residences
