Building Details

Year Built 1978

Listing Agency: Meybohm Real Estate - Aiken

Listed By: Team Vikki & Brandi - Aikenhomes Show Phone

Source: Searchgreateraugustahomes

Added: Mar 28 Changed: Oct 1 Last Checked: Oct 12 at 8:11PM

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Investment Insights

Based on property information with market context.

This 1978 triplex includes three independent rental residences on just over 1 acre. Two units are occupied, while the largest residence offers three bedrooms and two bathrooms and was remodeled approximately four years ago. That home is available for a new tenant or owner-occupant use. The residences are set back from the main roadway, with open space and ample parking for residents.

The property is located in Southside Aiken near shopping, dining, medical facilities, and major commuter routes. UD zoning supports the existing multifamily configuration and provides flexibility for rental, multigenerational, or owner-occupant use as permitted.

Key Highlights

• Three independent rental units on just over 1 acre
• Two units currently occupied
• Largest residence has 3 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,125

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$562,500 $562.5K

Cap Rate 7%

$401,786 $401.8K

Cap Rate 9%

$312,500 $312.5K

Market Conditions

NOI Build-Up for 3,553 SF

Gross rent

$54.6K $15.36/SF

− Vacancy

−$3.4K −$0.97/SF

EGI

$51.1K $14.39/SF

− OpEx

−$23.0K −$6.48/SF

NOI

$28.1K $7.92/SF

Area

Aiken County, SC

Vacancy

6.30%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$562,500

Cap Rate 7%

$401,786

Cap Rate 9%

$312,500

Alternative Uses

Best Use

Multifamily LT 5

$461.0K

$403.4K – $537.8K (±1% cap)

NOI $32,270 @ 7.0% cap · market cap 9.49%

Second Best

Apartment 5plus

$401.8K

$351.6K – $468.8K (±1% cap)

NOI $28,125 @ 7.0% cap · market cap 8.27%

Theoretical Best

Office A

$684.9K

$599.3K – $799.0K (±1% cap)

NOI $47,940 @ 7.0% cap · market cap 14.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store Storage Facility HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

1,008

Businesses Nearby

Explore this area Business Placement

Demographics for 29803, SC

40,056

Population

17,920

Households

2.2

Avg Household Size

49

Median Age

45%

College-Educated

96%

High-School Grad

127.5 sq mi

ZIP Area

314

Density / Sq Mi

$82,933

Median Household Income

$42,961

Median Earnings

$1,146

Median Rent

$271,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - UD-zoned triplex with three separate residences, resident parking, and a remodeled three-bedroom home.

Where is this triplex located?

The property is located at 2044 Garnet Ln Aiken, SC.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: Three independent rental units on just over 1 acre; Two units currently occupied; Largest residence has 3 bedrooms and 2 bathrooms