Improved Four-Unit Investment
204 A St., Georgetown, SC 29440
For Sale
$409,900
MULTI-FAMILY, Georgetown, SC
Property Size3,000 SF
Lot Size0.21 Acres
Price / SF$136.63
Days on Market51
Property Features for 204 A St.
General Information
Property type
Property subtype
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
Size
Lot size
Utilities
Utilities
Building Details
Year built
Number of units
Listing Agency:
INNOVATE Real Estate
(843) 267-4627
Listed By:
Russelling the Beach Team · License SC #18594
(843) 325-9732
Added: Sep 21
Changed: Oct 8
Last Checked: Nov 10 at 6:06AM
MLS# 2623313
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property encompasses approximately 3,000 square feet on about 0.21 acres and was built in 1999. Repairs and improvements have been completed throughout the asset, with a detailed update list available upon request.
All four units are leased, and the newest tenant is scheduled to move in on September 25, 2026. The property is located at 204 A St. in Georgetown, South Carolina, a short distance from historic Downtown Georgetown. Two adjoining lots are also available separately, offering a nearby expansion consideration subject to independent verification of zoning, density, utilities, permitting, and development requirements.
All four units are leased, and the newest tenant is scheduled to move in on September 25, 2026. The property is located at 204 A St. in Georgetown, South Carolina, a short distance from historic Downtown Georgetown. Two adjoining lots are also available separately, offering a nearby expansion consideration subject to independent verification of zoning, density, utilities, permitting, and development requirements.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- Approximately 3,000 square feet on 0.21 acres
- All four units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,989
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
$559.8K
Cap Rate 7%
$399,843
$399.8K
Cap Rate 9%
$310,989
$311.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$40.7K $13.56/SF
− Vacancy
−$696 −$0.23/SF
EGI
$40.0K $13.33/SF
− OpEx
−$12.0K −$4.00/SF
NOI
$28.0K $9.33/SF
Area
Georgetown County, SC
Vacancy
1.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
Cap Rate 7%
$399,843
Cap Rate 9%
$310,989
Alternative Uses
Best Use
Multifamily LT 5
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$355.5K
$311.1K – $414.8K
NOI $24,888 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are leased, with recent repairs and improvements completed across the property.
Where is this quadplex located?
The property is located at 204 A St. Georgetown, SC.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; Approximately 3,000 square feet on 0.21 acres; All four units are leased
