Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    226 College Dr Gaffney, SC 29340

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Fully updated duplex in desirable location, potential for rental income.

    Lot size:
    0.36 Acres

    Property Features for 226 College Dr

    General Information

    Lot size
    0.36 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Mathers Realty. com
    Source: Kw

    Listing Agent: Mathers Realty. com

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Duplex in Historical District

    This fully brick duplex is located on a corner lot in the Historical/Limestone College District, across the street from a museum. The property has been completely updated and remodeled, featuring a new roof, HVAC system, plumbing, electrical fixtures, and stainless steel appliances. The duplex offers spacious, open floor plans with new laminate floors, fresh paint, and modern light fixtures with ceiling fans. Separate walkways lead to each unit's entrance from the sidewalk. A privacy fence encloses the backyard. The property presents an investment opportunity for rental income, or for an owner to live in one unit and rent out the other. Unit 226 features a carport with an additional entrance, two bedrooms, and one bathroom. Unit 228 includes three bedrooms and one and a half bathrooms. The property is suitable for investors and homeowners alike.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.65036
    Latitude
    35.068047

    Nearby Similar for Sale

    • $125,000
      1,423 SF

      Gaffney Commercial Property For Sale

      Commercial property in prime location with flexible layout.
      915 N Limestone St, Gaffney, SC 29341
      View Details
    • $189,900
      811 SF

      Gaffney Duplex with Income Potential

      Duplex in Gaffney, SC with separate units and utilities.
      115 & 115.5 Hampshire Dr, Gaffney, SC 29341
      View Details
    • $115,000
      1,951 SF

      Commercial Building with Prime Frontage

      Commercial property with office space, storage, and high-visibility frontage.
      600 Cherokee Ave, Gaffney, SC 29341
      View Details
    • Contact for pricing
      1,545 SF

      Gaffney Office Center For Sale

      Brick office center with leasing opportunities in Gaffney, South Carolina.
      206 Chesnee Hwy, Gaffney, SC 29341
      View Details
    • Contact for pricing
      82,976 SF

      Versatile Industrial Facility with Event Space

      82,976 SF industrial facility with adaptable event space.
      811 Hamrick St, Gaffney, SC 29340
      View Details
    • $125,000

      Office Property with Redevelopment Potential

      Office property for sale, offering flexible layout and redevelopment potential.
      915 N Limestone St, Gaffney, SC 29340
      View Details
    • $449,000
      2,522 SF

      Renovated Restaurant Space For Sale

      Newly renovated restaurant with two hood systems and ample parking.
      1725 N Limestone St, Gaffney, SC 29340
      View Details
    • $1,300,000
      20,000 SF

      Gaffney Warehouse with Heavy Power

      20,000 SF warehouse featuring dock and drive-in doors.
      373 Huntington Rd, Gaffney, SC 29341
      View Details
    • $975,000
      13,250 SF

      Gaffney Industrial Property for Sale

      Industrial property featuring 13,250 square feet of space in Gaffney.
      298 Willis St, Gaffney, SC 29341
      View Details
    • $1,080,000
      12,000 SF

      Gaffney Warehouse Property For Sale

      12,000 square foot industrial warehouse property in Gaffney, SC.
      255 Henderson St, Gaffney, SC 29341
      View Details
    • $2,200,000
      20,000 SF

      Gaffney Industrial Property For Sale

      20,000 SF industrial property in Gaffney, South Carolina.
      244 Shelby Hwy, Gaffney, SC 29340
      View Details
    • $3,499,000
      16,457 SF

      Gaffney Warehouse For Sale

      16,457 square foot warehouse in Gaffney, South Carolina.
      630 Hampshire Dr, Gaffney, SC 29341
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully updated duplex in desirable location, potential for rental income.
    Where is this duplex located?
    The property is located at 226 College Dr Gaffney, SC.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Fully renovated duplex with new roof, HVAC, plumbing, electrical, and stainless steel appliances.; - Prime location in desirable Historical/Limestone College District, across from Museum.; - Excellent investment opportunity for rental income or owner occupancy with rental potential.
    Request Owner's contact information
    226 College Dr Gaffney, SC 29340
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    226 College Dr
    Gaffney, SC 29340
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226 College Dr Gaffney, SC 29340
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mathers Realty. com
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.