Brick Quadplex with Unit
New
For Sale
$150,000
1660 Windsor St, Orangeburg, SC 29115
Four-unit configuration with brick construction, porches, and off-street parking.
Property Size3,600 SF
Price / SF$41.67
Days on Market2
Property Features for 1660 Windsor St
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
front and rear porches
Building Details
Year Built
1950
Construction
brick
Listing Agency:
Keller Williams Ballantyne Area
Listed By:
Kim McCowan
(646) 542-7098
Source:
Highperformancerea
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 1:57AM
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 Ballantyne Area
Investment Insights
Based on property information with market context.
This 1950-built quadplex contains four residential units totaling approximately 3,600 square feet, with a combined layout of 8 bedrooms and 4 bathrooms. Solid brick construction is complemented by front and rear porches serving each unit, while off-street parking supports day-to-day resident needs. The configuration is suited to long-term residential occupancy.
The property is located in an established area of Orangeburg with access to local amenities, schools, and employment centers. South Carolina State University is less than 2 miles away, adding a nearby institutional destination to the surrounding context. The address is 1660 Windsor Street, Orangeburg, SC 29115.
The property is located in an established area of Orangeburg with access to local amenities, schools, and employment centers. South Carolina State University is less than 2 miles away, adding a nearby institutional destination to the surrounding context. The address is 1660 Windsor Street, Orangeburg, SC 29115.
Key Highlights
- Four‑unit quadplex with approximately 3,600 sq ft
- 8 bedrooms and 4 bathrooms across the property
- Solid brick construction built in 1950
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
$12,843
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
8.56%
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%
$256,860
$256.9K
Cap Rate 7%
$183,471
$183.5K
Cap Rate 9%
$142,700
$142.7K
Market Conditions
NOI Build-Up for 3,600 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
$30.2K $8.40/SF
− Vacancy
−$6.9K −$1.91/SF
EGI
$23.4K $6.49/SF
− OpEx
−$10.5K −$2.92/SF
NOI
$12.8K $3.57/SF
Area
Orangeburg County, SC
Vacancy
22.78%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
45.00%
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%
$256,860
Cap Rate 7%
$183,471
Cap Rate 9%
$142,700
Alternative Uses
Best Use
Multifamily LT 5
$203.1K
$177.7K – $237.0K
NOI $14,218 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$183.5K
$160.5K – $214.1K
NOI $12,843 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$521.5K
$456.4K – $608.5K
NOI $36,508 @ 7.0% cap · market cap 24.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
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?
Quadplex - Four-unit configuration with brick construction, porches, and off-street parking.
Where is this quadplex located?
The property is located at 1660 Windsor St Orangeburg, SC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Four‑unit quadplex with approximately 3,600 sq ft; 8 bedrooms and 4 bathrooms across the property; Solid brick construction built in 1950
