Two-Unit
For Sale
$129,900
123 Kirven St, Darlington, SC 29532
Separate residential quarters provide two distinct units for rental use.
Property Size1,883 SF
Price / SF$68.99
Days on Market164
Property Features for 123 Kirven St
General Information
Standard status
Active
Size
1,883 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Building Size
1,883 SF
Year Built
1954
Stories
1
Units
2
Listing Agency:
NorthGroup Real Estate LLC
(843) 999-0119
Listed By:
Wells Sturgeon · License #129551
Source:
Browncokerrealty
Added: May 27
Changed: Nov 6
Last Checked: Nov 6 at 1:40AM
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 NorthGroup Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1954, this duplex contains 1,883 square feet arranged as two separate residential units. The property is at 123 Kirven St within Darlington city limits.
Shopping, dining, schools, and downtown Darlington are nearby.
Shopping, dining, schools, and downtown Darlington are nearby.
Key Highlights
- Two residential units in one duplex
- 1,883 square feet of building area
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,648
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,960
$213.0K
Cap Rate 7%
$152,114
$152.1K
Cap Rate 9%
$118,311
$118.3K
Market Conditions
NOI Build-Up for 1,883 SF
Gross rent
$16.3K $8.64/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$15.2K $8.08/SF
− OpEx
−$4.6K −$2.42/SF
NOI
$10.6K $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%
$212,960
Cap Rate 7%
$152,114
Cap Rate 9%
$118,311
Alternative Uses
Best Use
Multifamily LT 5
$152.1K
$133.1K – $177.5K
NOI $10,648 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$133.5K
$116.8K – $155.8K
NOI $9,346 @ 7.0% cap · market cap 7.19%
Theoretical Best
Specialty Retail
$3.48M
$3.05M – $4.06M
NOI $243,783 @ 7.0% cap · market cap 187.67%
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
326
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 - Separate residential quarters provide two distinct units for rental use.
Where is this duplex located?
The property is located at 123 Kirven St Darlington, SC.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two residential units in one duplex; 1,883 square feet of building area; Built in 1954
