Two-Property Multifamily
For Sale
$3,400,000
1728 Indian Land Dr, Newberry, SC 29108
Portfolio includes 73 units across two apartment communities with 2- and 3-bedroom floorplans and new roofs installed in 2021.
Property SizeContact for details
Days on Market123
Property Features for 1728 Indian Land Dr
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
73
Amenities
2021 New Roof: New roof installed across the community in 2021, materially reducing near-term exterior capital exposure for a new owner.
Light Value-Add Runway: Opportunity to capture incremental rent growth through cosmetic interior upgrades and improved operational efficiencies.
2BR + 3BR Unit Mix: Mix of two-bedroom and three-bedroom floorplans supporting a broad tenant base.
Established Newberry Location: Positioned in Newberry, home to Newberry College and a diversified Midlands manufacturing base.
Newberry County Employment Base: Anchored by Samsung Electronics, Kraft Heinz, Kiswire, West Fraser, Newberry College, and Newberry County Memorial Hospital.
I-26 Corridor Location: Located between Columbia and Greenville along I-26 with 500,000+ workers within a 60-minute drive.
Building Details
Year Renovated
2021
Units
53
Listing Agency:
Charleston Office
(843) 952-2222
Listed By:
Will Graves Jr. · License #SC: 95930
(843) 952-2267
Source:
Marcusmillichap
Added: Jun 23
Changed: Oct 21
Last Checked: Oct 23 at 3:30AM
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 Charleston Office
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Investment Insights
Based on property information with market context.
Indian Land & Baker Street Apartments is a two-property multifamily portfolio totaling 73 units. Indian Land Apartments includes 53 units and was built in 1974, while Baker Street Apartments includes 20 units and was built in 1977. The communities offer a mix of two-bedroom and three-bedroom floorplans.
The portfolio is located along the I-26 corridor in Upstate South Carolina, with Indian Land Apartments in Newberry and Baker Street Apartments in Whitmire. Both communities received new roofs in 2021.
This offering combines two existing apartment communities with updated exterior roofing, creating a straightforward structure for a new owner evaluating incremental interior and operational improvements.
The portfolio is located along the I-26 corridor in Upstate South Carolina, with Indian Land Apartments in Newberry and Baker Street Apartments in Whitmire. Both communities received new roofs in 2021.
This offering combines two existing apartment communities with updated exterior roofing, creating a straightforward structure for a new owner evaluating incremental interior and operational improvements.
Key Highlights
- Portfolio of two apartment communities with 73 total units—53 units in Newberry and 20 units in Whitmire
- Indian Land Apartments built in 1974 (53 units) and Baker Street Apartments built in 1977 (20 units)
- Both communities offer a mix of 2‑bedroom and 3‑bedroom floorplans suited to family workforce renters
Property Analytics
Lease Details
73
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 29108, SC
20,159
Population
9,096
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
84%
High-School Grad
210.2 sq mi
ZIP Area
96
Density / Sq Mi
$52,529
Median Household Income
$33,671
Median Earnings
$846
Median Rent
$127,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes 73 units across two apartment communities with 2- and 3-bedroom floorplans and new roofs installed in 2021.
Where is this apartment building located?
The property is located at 1728 Indian Land Dr Newberry, SC.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Portfolio of two apartment communities with 73 total units—53 units in Newberry and 20 units in Whitmire; Indian Land Apartments built in 1974 (53 units) and Baker Street Apartments built in 1977 (20 units); Both communities offer a mix of 2‑bedroom and 3‑bedroom floorplans suited to family workforce renters
