4-Unit Quadplex with Wraparound
For Sale
$600,000
315 Park Avenue, Rock Hill, SC 29730
Eight bedrooms are arranged across four units, with shared living areas and a large laundry room.
Property Size3,306 SF
Price / SF$181.49
Days on Market80
Property Features for 315 Park Avenue
General Information
Standard status
Active
Size
3,306 SF
Property subtype
Residential Income
Additional Details
Gross Income
$73,860
Multifamily Units
4
Tenant in Place
Yes
Amenities
laundry room
wraparound porch
electronic door locks
motion-sensor lighting
Ring security cameras
smart thermostats
Building Details
Building Size
3,306 SF
Year Built
1900
Units
4
Listing Agency:
Redfin Corporation
(877) 973-3346
Listed By:
Hala Matar
(206) 799-4094
Source:
Dylerealestate
Added: Aug 7
Changed: Oct 23
Last Checked: Oct 23 at 12:17PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
The 3,306-square-foot quadplex at 315 Park Avenue contains four units and eight rentable bedrooms, with shared living areas, kitchens, and four bathrooms. A large laundry room is equipped with a washer and dryer. The property also has a wraparound porch and rear parking, with additional street parking available. Built in 1900, it is located a few blocks from a university.
Recent property improvements include a replacement roof with a transferable warranty, attic insulation, crawl-space encapsulation with a commercial dehumidifier, and first-floor HVAC. Other updates include appliances and plumbing, along with Wi-Fi-enabled smart thermostats, electronic door locks, motion-activated lighting, and Ring security cameras operating around the clock. All eight bedrooms are currently rented.
Recent property improvements include a replacement roof with a transferable warranty, attic insulation, crawl-space encapsulation with a commercial dehumidifier, and first-floor HVAC. Other updates include appliances and plumbing, along with Wi-Fi-enabled smart thermostats, electronic door locks, motion-activated lighting, and Ring security cameras operating around the clock. All eight bedrooms are currently rented.
Key Highlights
- Four units with eight rentable bedrooms and four bathrooms
- 3,306 square feet; built in 1900
- Large laundry room with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,026
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,520
$600.5K
Cap Rate 7%
$428,943
$428.9K
Cap Rate 9%
$333,622
$333.6K
Market Conditions
NOI Build-Up for 3,306 SF
Gross rent
$45.6K $13.80/SF
− Vacancy
−$2.7K −$0.83/SF
EGI
$42.9K $12.97/SF
− OpEx
−$12.9K −$3.89/SF
NOI
$30.0K $9.08/SF
Area
York 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%
$600,520
Cap Rate 7%
$428,943
Cap Rate 9%
$333,622
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,026 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.8K
NOI $26,987 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$777.4K
$680.3K – $907.0K
NOI $54,421 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
990
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?
Quadplex - Eight bedrooms are arranged across four units, with shared living areas and a large laundry room.
Where is this quadplex located?
The property is located at 315 Park Avenue Rock Hill, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four units with eight rentable bedrooms and four bathrooms; 3,306 square feet; built in 1900; Large laundry room with washer and dryer
