Fully Occupied
For Sale
$299,990
125 Morningside Drive #A&B, Seneca, SC 29678
Each residence includes two bedrooms and one full bath, with separate updates to the two units.
Property Size1,985 SF
Days on Market66
Property Features for 125 Morningside Drive #A&B
General Information
Standard status
Active
Size
1,985 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
CityLot, NotInSubdivision
PublicSewer
Parcel Number: 520-17-01-030
HeatPump
Listing ID: 20304588, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-11
Elementary School: Northside Elem, Middle School: Seneca Middle, High School: Seneca High
CrawlSpace
Built in 1985, Year Built Details: 31-50 Years, Levels: One, Construction Materials: WoodSiding
MLS Area (Major): 204-Oconee County,SC, County/Parish: Oconee
Crawlspace
Oven, Range, Refrigerator
Building Details
Building Size
1,985 SF
Year Built
1985
Listing Agency:
Carolina Home Real Estate Inc.
(864) 882-6670
Listed By:
Lisa Ancona · License #1495
(864) 324-1193
Source:
Blackstreaminternational
Added: Aug 11
Changed: Oct 15
Last Checked: Oct 15 at 12:16AM
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 Carolina Home Real Estate Inc.
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Investment Insights
Based on property information with market context.
Built in 1985, this duplex at 125 Morningside Drive #A&B includes two residential units, each arranged with two bedrooms and one full bath. Both units are currently occupied, providing an established rental setup.
The property has received targeted improvements over time. The roof was replaced in 2015; Unit A has a newer water heater, while Unit B includes updated flooring and cabinetry. Located in Seneca, South Carolina, the duplex is positioned near shopping, dining, and schools.
The property has received targeted improvements over time. The roof was replaced in 2015; Unit A has a newer water heater, while Unit B includes updated flooring and cabinetry. Located in Seneca, South Carolina, the duplex is positioned near shopping, dining, and schools.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- Each unit offers 2 bedrooms and 1 full bath
- Roof replacement completed in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,120
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,400
$362.4K
Cap Rate 7%
$258,857
$258.9K
Cap Rate 9%
$201,333
$201.3K
Market Conditions
NOI Build-Up for 1,985 SF
Gross rent
$27.4K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.9K $13.04/SF
− OpEx
−$7.8K −$3.91/SF
NOI
$18.1K $9.13/SF
Area
Oconee County, SC
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,400
Cap Rate 7%
$258,857
Cap Rate 9%
$201,333
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.5K – $302.0K
NOI $18,120 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$232.4K
$203.4K – $271.2K
NOI $16,270 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$498.3K
$436.0K – $581.3K
NOI $34,880 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
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Business Placement
Demographics for 29678, SC
23,700
Population
11,742
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
85%
High-School Grad
79.8 sq mi
ZIP Area
297
Density / Sq Mi
$49,699
Median Household Income
$33,779
Median Earnings
$943
Median Rent
$205,600
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 - Each residence includes two bedrooms and one full bath, with separate updates to the two units.
Where is this duplex located?
The property is located at 125 Morningside Drive #A&B Seneca, SC.
What is the asking price?
The asking price for this property is $299,990.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; Each unit offers 2 bedrooms and 1 full bath; Roof replacement completed in 2015
