72-Unit Apartment
New
For Sale
$5,760,000
207 14th Street, Hartsville, SC 29550
Each home features a two-bedroom, one-bath layout, washer/dryer hookups, and separate water and electric metering.
Property Size57,600 SF
Lot Size4.88 Acres
Days on Market3
Property Features for 207 14th Street
General Information
Standard status
Active
Size
57,600 SF
Lot size
4.88 Acres
Property subtype
Multifamily
Occupancy
91%
Units
Unit Mix
72 x 2BR/1BA
Multifamily Units
72
Additional Details
Cap Rate
6.74%
Amenities
washer/dryer hookups
72 units, 100% two-bedroom/one-bathroom floor plans — a rare uniform mix that simplifies operations and marketing
Built in 1980 on 4.88 acres
Washer/dryer hookups in every unit
Individually metered for water and electric, shifting utility costs to residents
New roofs across the community
Newly painted exterior
Approximately 90% of HVAC systems replaced
Refreshed unit interiors throughout
Building Details
Building Size
57,600 SF
Year Built
1980
Units
72
Listing Agency:
Columbia Office
Listed By:
Drew Babcock, CCIM · License #License(s): SC: 39872
(803) 678-4921
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 7 at 2:13PM
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 Columbia Office
Investment Insights
Based on property information with market context.
Built in 1980, this 72-unit apartment property occupies 4.88 acres. All residences share a two-bedroom, one-bathroom configuration and include washer/dryer hookups with individual water and electric meters. Improvements include replacement roofs, a repainted exterior, refreshed interiors, and HVAC replacement in approximately 90% of the units.
The community is located in Hartsville, less than a mile from grocery shopping and two miles from downtown Hartsville and Coker College. Sonoco Products Company, whose world headquarters are in Hartsville, is a major local employer.
The community is located in Hartsville, less than a mile from grocery shopping and two miles from downtown Hartsville and Coker College. Sonoco Products Company, whose world headquarters are in Hartsville, is a major local employer.
Key Highlights
- 72 apartments across 4.88 acres
- Uniform two‑bedroom, one‑bathroom unit mix
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$285,880
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,717,600
$5.7M
Cap Rate 7%
$4,084,000
$4.1M
Cap Rate 9%
$3,176,444
$3.2M
Market Conditions
NOI Build-Up for 57,600 SF
Gross rent
$553.0K $9.60/SF
− Vacancy
−$33.2K −$0.58/SF
EGI
$519.8K $9.02/SF
− OpEx
−$233.9K −$4.06/SF
NOI
$285.9K $4.96/SF
Area
Darlington County, SC
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,717,600
Cap Rate 7%
$4,084,000
Cap Rate 9%
$3,176,444
Alternative Uses
Best Use
Apartment 5plus
$4.08M
$3.57M – $4.76M
NOI $285,880 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$106.53M
$93.21M – $124.29M
NOI $7,457,184 @ 7.0% cap · market cap 129.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
72
Residential units
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 29550, SC
30,013
Population
13,913
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
87%
High-School Grad
208.2 sq mi
ZIP Area
144
Density / Sq Mi
$54,191
Median Household Income
$36,518
Median Earnings
$851
Median Rent
$169,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each home features a two-bedroom, one-bath layout, washer/dryer hookups, and separate water and electric metering.
Where is this apartment building located?
The property is located at 207 14th Street Hartsville, SC.
What is the asking price?
The asking price for this property is $5,760,000.
What are key features of this property?
This property features: 72 apartments across 4.88 acres; Uniform two‑bedroom, one‑bathroom unit mix; Built in 1980
