Duplex with Workshop and Vacant
For Sale
Contact for pricing
2204 West Old Camden Road, Hartsville, SC 29550
Two fully functional homes, plus workshop and a serviced vacant lot, for flexible living and rental options.
Property Size1,650 SF
Lot Size1.08 Acres
Price / SF$151.45
Days on Market104
Property Features for 2204 West Old Camden Road
General Information
Standard status
Active
Size
1,650 SF
Lot size
1.08 Acres
Property subtype
Multifamily
Investment Type
Owner/User
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1951
Year Renovated
2026
Buildings
3
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker McMillan and Associates
Listed By:
Thomas Blackmon · License #97467
(843) 206-6133
Source:
Crexi
Added: May 27
Changed: Aug 31
Last Checked: Sep 7 at 10:35AM
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 Coldwell Banker McMillan and Associates
Investment Insights
Based on property information with market context.
This property offers two fully functional dwellings on a site over 1.08 acres, along with a detached carport, a 24 x 24 workshop, and an additional vacant lot with utility connections. The main bungalow-style home was built in 1951 and remodeled in 2020, providing approximately 1,200 square feet with 2 bedrooms and 1 bathroom. A spacious back deck overlooks the private acreage, and the home includes a detached carport. A separate 24 x 24 workshop can serve as storage, a workshop, or space for hobbies.
A second dwelling at 2204-A W Old Camden Road is fully renovated and includes 1 bedroom and 1 bathroom, with a full kitchen and approximately 450 square feet of living space. Renovations completed in 2026 included new wiring, plumbing, flooring, and finishes. The property is positioned just outside Hartsville, with convenience to Lake Robinson and the town of Hartsville.
The layout supports multiple living arrangements, including living in one home while renting the other, or using the second dwelling for guests or a multi-generational setup. The separate vacant lot includes an existing septic tank, service pole, and water access, which may support expansion or future housing possibilities for qualified buyers.
A second dwelling at 2204-A W Old Camden Road is fully renovated and includes 1 bedroom and 1 bathroom, with a full kitchen and approximately 450 square feet of living space. Renovations completed in 2026 included new wiring, plumbing, flooring, and finishes. The property is positioned just outside Hartsville, with convenience to Lake Robinson and the town of Hartsville.
The layout supports multiple living arrangements, including living in one home while renting the other, or using the second dwelling for guests or a multi-generational setup. The separate vacant lot includes an existing septic tank, service pole, and water access, which may support expansion or future housing possibilities for qualified buyers.
Key Highlights
- Over 1.08 acres with two fully functional homes, a 24 x 24 workshop, and a separate vacant lot
- Main bungalow‑style home at 2204 W Old Camden Road: approx. 1,200 SF, 2 bed, 1 bath, built in 1951 and remodeled in 2020
- Main home features a spacious back deck, plus a detached carport
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
$9,331
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
3.73%
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%
$186,620
$186.6K
Cap Rate 7%
$133,300
$133.3K
Cap Rate 9%
$103,678
$103.7K
Market Conditions
NOI Build-Up for 1,650 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
$14.3K $8.64/SF
− Vacancy
−$927 −$0.56/SF
EGI
$13.3K $8.08/SF
− OpEx
−$4.0K −$2.42/SF
NOI
$9.3K $5.65/SF
Area
Darlington County, SC
Vacancy
6.50%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
30.00%
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%
$186,620
Cap Rate 7%
$133,300
Cap Rate 9%
$103,678
Alternative Uses
Best Use
Multifamily LT 5
$133.3K
$116.6K – $155.5K
NOI $9,331 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$117.0K
$102.4K – $136.5K
NOI $8,189 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,617 @ 7.0% cap · market cap 85.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully functional homes, plus workshop and a serviced vacant lot, for flexible living and rental options.
Where is this duplex located?
The property is located at 2204 West Old Camden Road Hartsville, SC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Over 1.08 acres with two fully functional homes, a 24 x 24 workshop, and a separate vacant lot; Main bungalow‑style home at 2204 W Old Camden Road: approx. 1,200 SF, 2 bed, 1 bath, built in 1951 and remodeled in 2020; Main home features a spacious back deck, plus a detached carport
