Two Furnished Homes on 1.2
For Sale
$619,000
213 & 217 Singing Pines Road, Seneca, SC 29678
MULTI_FAMILY - Seneca, SC
Property Size3,092 SF
Lot Size1.20 Acres
Price / SF$200.19
Days on Market96
Property Features for 213 & 217 Singing Pines Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Exterior features
Barbecue
Appliances
Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer, WaterHeater
Subdivision
Singing Pines
Lot features
Outside City Limits, Subdivision
Elementary school
Blue Ridge Elementary
Middle school
Seneca Middle
High school
Seneca High
Directions
From Clemson, Take Wells Highway to left on Singing Pines Road. Home is 3/10 of a mile on the left. From Walgreens in Seneca, take Wells Highway to right on Singing Pines.
Standard status
Active
APN
255-02-01-014
Size
3,092 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Building materials
VinylSiding
Roof type
Shingle
Listing Agency:
Clardy Real Estate - Lake Keowee
(864) 882-4864
Listed By:
Cliff Stoltzfus · License #113107
(864) 985-3123
Added: May 5
Last Checked: Aug 8 at 8:06PM
MLS# 20300476
Copyright © 2026 Western Upstate 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.
Investment Insights
Based on property information with market context.
This property features two single-family homes offered together, fully furnished and ready for occupancy. The combined living space exceeds 3,000 square feet, encompassing six bedrooms and four bathrooms. Situated on 1.2 acres, the property offers privacy with surrounding pine trees and convenient access to downtown Seneca and Clemson. A storage shed is included, along with all appliances and furnishings. The homes are currently used as active Airbnb rentals, generating over $66,000 in gross income in the past year. This property presents opportunities for generating residual income or for owner-occupancy.
Key Highlights
- Two fully furnished, move‑in‑ready single‑family homes for the price of one.
- Proven income‑generating property with $66,000+ gross income last year via Airbnb.
- Enjoy spacious living with 6 bedrooms and 4 baths totaling over 3,000 sq ft.
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
$25,343
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
4.09%
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%
$506,860
$506.9K
Cap Rate 7%
$362,043
$362.0K
Cap Rate 9%
$281,589
$281.6K
Market Conditions
NOI Build-Up for 3,092 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
$48.6K $15.72/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$46.1K $14.90/SF
− OpEx
−$20.7K −$6.71/SF
NOI
$25.3K $8.20/SF
Area
Oconee County, SC
Vacancy
5.20%
Lease Rate
$15.72 /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%
$506,860
Cap Rate 7%
$362,043
Cap Rate 9%
$281,589
Alternative Uses
Best Use
Apartment 5plus
$362.0K
$316.8K – $422.4K
NOI $25,343 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$776.2K
$679.2K – $905.5K
NOI $54,332 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 29678, SC
23,700
Population
11,742
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
85%
High-School Grad
79.8 sq mi
ZIP Area
297
Density / Sq Mi
$49,699
Median Household Income
$33,779
Median Earnings
$943
Median Rent
$205,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two fully furnished homes near Seneca and Clemson, move-in ready.
Where is this short term rental property located?
The property is located at 213 & 217 Singing Pines Road Seneca, SC.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Two fully furnished, move‑in‑ready single‑family homes for the price of one.; Proven income‑generating property with $66,000+ gross income last year via Airbnb.; Enjoy spacious living with 6 bedrooms and 4 baths totaling over 3,000 sq ft.
