Two-Unit Farmhouse
For Sale
$398,500
401 W Forest Avenue, North Augusta, SC 29841
Residential Income, North Augusta, SC
Property Size3,440 SF
Lot Size0.40 Acres
Price / SF$115.84
Days on Market371
Property Features for 401 W Forest Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 2
Parking features
Off Street, Paved or Surfaced
Patio and Porch features
Deck, Porch
Interior features
Kitchen Island, Built-in Features, Eat-in Kitchen, Tile Counters
Fencing
Fenced
Fireplace
1
Appliances
Built-In Microwave, Range, Dishwasher
Lot features
Cul-De-Sac, Corner Lot
Elementary school
Hammond Hill
Middle school
Paul Knox
High school
North Augusta
Directions
West Martintown Road to West Avenue. Turn right on to W Forest Avenue continue to stop sign. Straight ahead the property is on the right.
Standard status
Active
APN
0070622009
Size
3,440 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 1 downstairs 401 W Forest Avenue Unit 2 upstairs 802 Lake Avenue
Tax Annual Amount
1311
Legal Description
Unit 1 downstairs 401 W Forest Avenue Unit 2 upstairs 802 Lake Avenue
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Floor Furnace, Fireplace(s), Heat Pump (Heating), Natural Gas, Electric (Heating)
Cooling system
Heat Pump, Ceiling Fan(s)
Water source
Public
Amenities
wraparound porch
deck
fenced backyard
chicken coop
Building Details
Year built
1907
Floors in Building
2
Number of units
2
Flooring type
Carpet, Lvt/lvp, Hardwood, Laminate
Building materials
Brick, Vinyl Siding, Wood Siding
Roof type
Metal
Listing Agency:
Dogwood Real Estate, LLC
(631) 766-2967
Listed By:
Andrea Johnson · License #246700
(706) 832-5678
Added: Oct 21, 2025
Changed: Oct 22
Last Checked: Oct 26 at 11:06PM
MLS# 100580596
Copyright © 2026 Hive MLS. 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.
Built in 1907, this two-unit residential property contains approximately 3,440 square feet on a 0.4-acre corner lot. Each unit has a separate entrance and kitchen, with its own living areas and laundry space. The property also includes a wraparound porch, a deck, and a fenced backyard.
Interior details include hardwood flooring in portions of the home, a kitchen island, built-in features, and a mix of flooring materials. Public water and sewer serve the property, and off-street paved parking is available. The property is in North Augusta, near downtown, SRP Park, the Greenway, shopping, dining, and major employers.
Interior details include hardwood flooring in portions of the home, a kitchen island, built-in features, and a mix of flooring materials. Public water and sewer serve the property, and off-street paved parking is available. The property is in North Augusta, near downtown, SRP Park, the Greenway, shopping, dining, and major employers.
Key Highlights
- Two residential units with separate entrances, kitchens, and laundry areas
- Approximately 3,440 square feet on a 0.4‑acre corner lot
- Built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,243
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,860
$624.9K
Cap Rate 7%
$446,329
$446.3K
Cap Rate 9%
$347,144
$347.1K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$47.5K $13.80/SF
− Vacancy
−$2.8K −$0.83/SF
EGI
$44.6K $12.97/SF
− OpEx
−$13.4K −$3.89/SF
NOI
$31.2K $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%
$624,860
Cap Rate 7%
$446,329
Cap Rate 9%
$347,144
Alternative Uses
Best Use
Multifamily LT 5
$446.3K
$390.5K – $520.7K
NOI $31,243 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$389.0K
$340.4K – $453.8K
NOI $27,230 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$663.1K
$580.2K – $773.6K
NOI $46,415 @ 7.0% cap · market cap 11.65%
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
534
Businesses Nearby
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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?
Duplex - Separate entrances, kitchens, and laundry areas support independent use of the two residential units.
Where is this duplex located?
The property is located at 401 W Forest Avenue North Augusta, SC.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Two residential units with separate entrances, kitchens, and laundry areas; Approximately 3,440 square feet on a 0.4‑acre corner lot; Built in 1907
