11-Unit Townhome Apartment
For Sale
Contact for pricing
Pending
408 Ebenezer Avenue, Rock Hill, SC 29730
Multifamily property with private patios, in-unit laundry hookups, and a documented renovation opportunity.
Property Size13,530 SF
Days on Market213
Property Features for 408 Ebenezer Avenue
General Information
Standard status
Pending
Size
13,530 SF
Property subtype
Multifamily
Zoning
MF-15
Occupancy
91%
Net Operating Income
$142,094
Units
Unit Mix
11 x 2BR/1.5BA
Multifamily Units
11
Amenities
washer/dryer hookups
private patios
Building Details
Year Built
1971
Year Renovated
2021
Buildings
2
Stories
2
Units
11
Listing Agency:
Greysteel Company LLC Washington, D.C.
Listed By:
Hayden Davis · License #NC 314691
Source:
Crexi
Added: Mar 21
Changed: Oct 16
Last Checked: Oct 19 at 4:00AM
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 Company LLC Washington, D.C.
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Investment Insights
Based on property information with market context.
Built in 1971, this MF-15 multifamily property contains 11 two-bedroom townhomes, each offering one-and-a-half bathrooms and 1,164 square feet. The residences include private patios adjoining the first-floor dining areas, along with washer/dryer hookups inside each unit. Most apartments have vinyl plank flooring, black appliances, brown cabinetry with updated hardware, and Formica countertops. Two units retain their classic finishes, creating a defined renovation component within the property.
The property is located at 408 Ebenezer Avenue in Rock Hill, SC, within walking distance of employers and retail-oriented amenities that include restaurants, coffee shops, breweries, and Winthrop University. The overall property size is 13,530 square feet.
The property is located at 408 Ebenezer Avenue in Rock Hill, SC, within walking distance of employers and retail-oriented amenities that include restaurants, coffee shops, breweries, and Winthrop University. The overall property size is 13,530 square feet.
Key Highlights
- 11 two‑bedroom, one‑and‑a‑half‑bathroom townhomes
- Each unit measures 1,164 square feet
- Private patios connect to first‑floor dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,447
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,208,940
$2.2M
Cap Rate 7%
$1,577,814
$1.6M
Cap Rate 9%
$1,227,189
$1.2M
Market Conditions
NOI Build-Up for 13,530 SF
Gross rent
$214.3K $15.84/SF
− Vacancy
−$13.5K −$1.00/SF
EGI
$200.8K $14.84/SF
− OpEx
−$90.4K −$6.68/SF
NOI
$110.4K $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%
$2,208,940
Cap Rate 7%
$1,577,814
Cap Rate 9%
$1,227,189
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,447 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,720 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
11
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?
Apartment building - Multifamily property with private patios, in-unit laundry hookups, and a documented renovation opportunity.
Where is this apartment building located?
The property is located at 408 Ebenezer 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 two‑bedroom, one‑and‑a‑half‑bathroom townhomes; Each unit measures 1,164 square feet; Private patios connect to first‑floor dining areas
