Two-Unit
For Sale
$374,900
113 Sunset Dr, Clover, SC 29710
Two three-bedroom, one-bath units are fully occupied.
Property Size1,914 SF
Price / SF$195.87
Days on Market30
Property Features for 113 Sunset Dr
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multi-Family
Building Details
Year Built
1999
Listing Agency:
Keller Williams Connected
(704) 813-6511
Listed By:
Leslie Dale · License #53631
Source:
Highperformancerea
Added: Aug 1
Changed: Aug 30
Last Checked: Aug 30 at 8:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Connected
Investment Insights
Based on property information with market context.
Built in 1999, this duplex contains two residential units within approximately 1,914 square feet. Each unit provides three bedrooms and one bathroom, creating a consistent two-unit layout for residential income ownership.
The property is located at 113 Sunset Dr in Clover, South Carolina. Both units are currently occupied. Tenant privacy requirements apply, with no showings before contract.
The property is located at 113 Sunset Dr in Clover, South Carolina. Both units are currently occupied. Tenant privacy requirements apply, with no showings before contract.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 3 bedrooms and 1 bathroom
- Approximately 1,914 SF of total property size
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
$17,384
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
4.64%
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%
$347,680
$347.7K
Cap Rate 7%
$248,343
$248.3K
Cap Rate 9%
$193,156
$193.2K
Market Conditions
NOI Build-Up for 1,914 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
$26.4K $13.80/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$24.8K $12.97/SF
− OpEx
−$7.5K −$3.89/SF
NOI
$17.4K $9.08/SF
Area
York 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%
$347,680
Cap Rate 7%
$248,343
Cap Rate 9%
$193,156
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.3K – $289.7K
NOI $17,384 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$223.2K
$195.3K – $260.4K
NOI $15,624 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$450.1K
$393.8K – $525.1K
NOI $31,507 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 29710, SC
39,272
Population
15,947
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
93%
High-School Grad
114.1 sq mi
ZIP Area
344
Density / Sq Mi
$84,558
Median Household Income
$46,479
Median Earnings
$1,396
Median Rent
$330,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom, one-bath units are fully occupied.
Where is this duplex located?
The property is located at 113 Sunset Dr Clover, SC.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 3 bedrooms and 1 bathroom; Approximately 1,914 SF of total property size
