Renovated
3 Cobb St, Ware Shoals, SC 29692
For Sale
New
$320,000
Residential Income, Ware Shoals, SC
Property Size2,340 SF
Lot Size0.12 Acres
Price / SF$136.75
Days on Market7
Property Features for 3 Cobb St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
Size
Lot size
Utilities
Cooling system
Amenities
storage shed
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Morton's Realty
(864) 229-0422
Listed By:
Larry Morton
(864) 554-0085
Added: Nov 4
Last Checked: Nov 10 at 8:06PM
MLS# 140838
Copyright © 2026 Greenwood 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.
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Investment Insights
Based on property information with market context.
This duplex contains two renovated residences within 2,340 square feet. Central air and wood siding are among the property’s recorded features, and a storage shed provides additional on-site storage. The parcel measures 0.12 acres.
Located at 3 Cobb St in Ware Shoals, the property was built in 1921. On-site parking is available.
Located at 3 Cobb St in Ware Shoals, the property was built in 1921. On-site parking is available.
Key Highlights
- Two renovated residential units
- 2,340 square feet on a 0.12‑acre parcel
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,545
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,900
$230.9K
Cap Rate 7%
$164,929
$164.9K
Cap Rate 9%
$128,278
$128.3K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$23.9K $10.20/SF
− Vacancy
−$7.4K −$3.15/SF
EGI
$16.5K $7.05/SF
− OpEx
−$4.9K −$2.11/SF
NOI
$11.5K $4.93/SF
Area
Greenwood County, SC
Vacancy
30.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,900
Cap Rate 7%
$164,929
Cap Rate 9%
$128,278
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$114.7K
$100.4K – $133.8K
NOI $8,030 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$735.1K
$643.2K – $857.6K
NOI $51,456 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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Business Placement
Demographics for 29692, SC
4,602
Population
2,630
Households
1.7
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
48.6 sq mi
ZIP Area
95
Density / Sq Mi
$42,533
Median Household Income
$32,128
Median Earnings
$744
Median Rent
$95,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes updated interiors, on-site parking, and a storage shed.
Where is this duplex located?
The property is located at 3 Cobb St Ware Shoals, SC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two renovated residential units; 2,340 square feet on a 0.12‑acre parcel; Central air conditioning
