Four-Unit
For Sale
$389,000
308 Belvedere Clearwater Rd North, North Augusta, SC 29841
Fully occupied income property with on-site parking, wooded surroundings, and a mix of updated and furnished units.
Property Size3,095 SF
Price / SF$125.69
Days on Market239
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Property Features for 308 Belvedere Clearwater Rd North
General Information
Standard status
Active
Size
3,095 SF
Property subtype
Other Special Purpose
Zoning
UD
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Building Size
3,095 SF
Year Built
1965
Listing Agency:
Meybohm Commercial Properties, LLC
Listed By:
Danielle Meikrantz · License #401159
(706) 284-8359
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 14
Last Checked: Oct 14 at 7:40PM
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 Meybohm Commercial Properties, LLC
Investment Insights
Based on property information with market context.
This 3,095 SF quadplex contains four residential units arranged as a duplex at 308 Belvedere Clearwater Road and two separate rear units accessed from Verdery Street. The additional residences include a furnished studio and a one-bedroom, one-bath home. Units 308 A and 308 B have received bathroom, cabinet, flooring, paint, and mini-split HVAC improvements. The property was built in 1965 and is zoned UD.
All four units are occupied. The owner covers water and landscaping, while tenants handle the remaining utilities except for a different arrangement at the furnished studio. The wooded lot provides parking for residents. The property is in North Augusta, near downtown North Augusta and minutes from downtown Augusta, with access from Belvedere Clearwater Road and Verdery Street.
All four units are occupied. The owner covers water and landscaping, while tenants handle the remaining utilities except for a different arrangement at the furnished studio. The wooded lot provides parking for residents. The property is in North Augusta, near downtown North Augusta and minutes from downtown Augusta, with access from Belvedere Clearwater Road and Verdery Street.
Key Highlights
- 3,095 SF quadplex with 4 units
- 100% occupancy across the property
- Unit mix includes a duplex, furnished studio, and 1 bed/1 bath home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,110
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,200
$562.2K
Cap Rate 7%
$401,571
$401.6K
Cap Rate 9%
$312,333
$312.3K
Market Conditions
NOI Build-Up for 3,095 SF
Gross rent
$42.7K $13.80/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$40.2K $12.97/SF
− OpEx
−$12.0K −$3.89/SF
NOI
$28.1K $9.08/SF
Area
Aiken County, SC
Vacancy
5.98%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,200
Cap Rate 7%
$401,571
Cap Rate 9%
$312,333
Alternative Uses
Best Use
Multifamily LT 5
$401.6K
$351.4K – $468.5K
NOI $28,110 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$350.0K
$306.2K – $408.3K
NOI $24,499 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$596.6K
$522.0K – $696.0K
NOI $41,760 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied income property with on-site parking, wooded surroundings, and a mix of updated and furnished units.
Where is this quadplex located?
The property is located at 308 Belvedere Clearwater Rd North North Augusta, SC.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 3,095 SF quadplex with 4 units; 100% occupancy across the property; Unit mix includes a duplex, furnished studio, and 1 bed/1 bath home
