11-Unit Townhome Apartment
309 Union Avenue, Rock Hill, SC 29730
For Sale
$1,950,000
Each residence has a two-bedroom, one-and-a-half-bathroom layout, with interior updates completed in nine units.
Property Size12,804 SF
Price / SF$152.30
Days on Market214
Property Features for 309 Union Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Greysteel North Carolina LLC
Listed By:
Ari Firoozabadi · License SC #0225081719
(704) 274-1830
Source:
Thesarvergroup
Added: Apr 10
Changed: Nov 7
Last Checked: Nov 8 at 12:45PM
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 Greysteel North Carolina LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11-unit apartment property contains townhome-style residences, each measuring 1,164 square feet and arranged with two bedrooms and 1.5 bathrooms. The 12,804-square-foot building dates to 1972. Interior work has been completed in nine units, and the roofs and most HVAC systems have been replaced with newer equipment.
The property is in downtown Rock Hill, one block from Winthrop University and The Thread, with new development in the surrounding area.
The property is in downtown Rock Hill, one block from Winthrop University and The Thread, with new development in the surrounding area.
Key Highlights
- 11 townhome‑style apartment units, each with 1,164 square feet
- Consistent two‑bedroom, 1.5‑bathroom layouts
- 12,804‑square‑foot building constructed in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,521
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,090,420
$2.1M
Cap Rate 7%
$1,493,157
$1.5M
Cap Rate 9%
$1,161,344
$1.2M
Market Conditions
NOI Build-Up for 12,804 SF
Gross rent
$202.8K $15.84/SF
− Vacancy
−$12.8K −$1.00/SF
EGI
$190.0K $14.84/SF
− OpEx
−$85.5K −$6.68/SF
NOI
$104.5K $8.16/SF
Area
York County, SC
Vacancy
6.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,090,420
Cap Rate 7%
$1,493,157
Cap Rate 9%
$1,161,344
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,521 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,769 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a two-bedroom, one-and-a-half-bathroom layout, with interior updates completed in nine units.
Where is this apartment building located?
The property is located at 309 Union Avenue Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 11 townhome‑style apartment units, each with 1,164 square feet; Consistent two‑bedroom, 1.5‑bathroom layouts; 12,804‑square‑foot building constructed in 1972
