Detached-Home
For Sale
Under Contract
$339,900
2044 Garnet Lane, Aiken, SC 29803
MULTI_FAMILY - Aiken, SC
Property Size3,553 SF
Lot Size1.20 Acres
Price / SF$95.67
Days on Market249
Property Features for 2044 Garnet Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
UD
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 6
Parking features
Paved or Surfaced
Subdivision
Not In Subdivision
Elementary school
Chukker Creek
Middle school
Kennedy
High school
SOUTH AIKEN
Directions
From Downtown Aiken. Take Whiskey Rd south to Silver Bluff Rd. Left onto Hamilton Dr., left on Garnet Lane, properties on right.
Standard status
Active Under Contract
APN
106602010
Size
3,553 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT A NE/SD OF HAMILOTON DR
Legal Description
TRACT A NE/SD OF HAMILOTON DR
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
3
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Meybohm Real Estate - Aiken
(803) 644-1700
Listed By:
Team Vikki & Brandi - Aikenhomes
(803) 645-3325
Added: Dec 5, 2025
Changed: Aug 10
Last Checked: Aug 11 at 10:06PM
MLS# 98254148
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex property comprises three detached residences totaling 3,553 square feet on one parcel. Two homes are occupied, while the third is a remodeled three-bedroom, two-bath residence updated approximately four years ago and positioned for a new tenant or owner occupant. The homes are set apart from one another, with open green space and paved parking between the residences.
Located in Aiken, South Carolina, the property is near shopping, restaurants, medical facilities, schools, Downtown Aiken, and major commuter routes. Zoning is UD. The improvements date to 1978 and feature vinyl siding, composition roofing, central air, forced-air electric heating, public water, and septic service.
Located in Aiken, South Carolina, the property is near shopping, restaurants, medical facilities, schools, Downtown Aiken, and major commuter routes. Zoning is UD. The improvements date to 1978 and feature vinyl siding, composition roofing, central air, forced-air electric heating, public water, and septic service.
Key Highlights
- Three detached residences totaling 3,553 square feet
- Two homes currently occupied; third residence ready for a new tenant or owner occupant
- Remodeled 3‑bedroom, 2‑bath home updated approximately four years ago
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
$28,125
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
8.27%
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%
$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
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
$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 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%
$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
NOI $32,270 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$401.8K
$351.6K – $468.8K
NOI $28,125 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$684.9K
$599.3K – $799.0K
NOI $47,940 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
969
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three independent residences share one parcel, with two occupied homes and a renovated residence ready for a new occupant.
Where is this triplex located?
The property is located at 2044 Garnet Lane 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 detached residences totaling 3,553 square feet; Two homes currently occupied; third residence ready for a new tenant or owner occupant; Remodeled 3‑bedroom, 2‑bath home updated approximately four years ago
