Tenant-Occupied
For Sale
$158,000
Pending
345 Friedheim Rd, Rock Hill, SC 29730
Two-unit residential income property near Downtown Rock Hill with shopping, dining, and major road access nearby.
Property Size676 SF
Days on Market61
Property Features for 345 Friedheim Rd
General Information
Standard status
Pending
Size
676 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
Reeves Realty & Associates
(803) 371-4317
Listed By:
Troy Reeves
(803) 371-4317
Source:
Exprealty
Added: Jul 3
Changed: Aug 31
Last Checked: Aug 31 at 12:01AM
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 Reeves Realty & Associates
Investment Insights
Based on property information with market context.
This tenant-occupied duplex is identified as a 1BR/1BA property with a reported property size of 676. The existing occupancy provides an established rental setup for an owner evaluating a residential income asset.
The property is located near Downtown Rock Hill, with shopping, dining, and major roadways in the surrounding area. Showings are available by appointment.
The property is located near Downtown Rock Hill, with shopping, dining, and major roadways in the surrounding area. Showings are available by appointment.
Key Highlights
- Tenant‑occupied duplex
- 1BR/1BA configuration
- Reported property size of 676
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,140
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$122,800
$122.8K
Cap Rate 7%
$87,714
$87.7K
Cap Rate 9%
$68,222
$68.2K
Market Conditions
NOI Build-Up for 676 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$9.3K $13.80/SF
− Vacancy
−$558 −$0.83/SF
EGI
$8.8K $12.97/SF
− OpEx
−$2.6K −$3.89/SF
NOI
$6.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$122,800
Cap Rate 7%
$87,714
Cap Rate 9%
$68,222
Alternative Uses
Best Use
Multifamily LT 5
$87.7K
$76.8K – $102.3K
NOI $6,140 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$78.8K
$69.0K – $92.0K
NOI $5,518 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$159.0K
$139.1K – $185.5K
NOI $11,128 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
133
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property near Downtown Rock Hill with shopping, dining, and major road access nearby.
Where is this duplex located?
The property is located at 345 Friedheim Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $158,000.
What are key features of this property?
This property features: Tenant‑occupied duplex; 1BR/1BA configuration; Reported property size of 676
