Building Details

Building Size 2,262 SF

Year Built 1970

Stories 2

Units 2

Listing Agency: Keller Williams Preferred Show Phone

Listed By: Marvin Coakley · License #109100 Show Phone

Source: Browncokerrealty

Added: Sep 17 Changed: Oct 22 Last Checked: Oct 22 at 2:27PM

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Investment Insights

Based on property information with market context.

This 2,262-square-foot duplex, built in 1970, contains two units: one with three bedrooms and one bathroom, and another with two bedrooms and one and a half bathrooms. Improvements include HVAC systems, windows, a water heater, flooring, appliances, and kitchen cabinets. A covered porch fronts the property, and each unit has a separate electric meter.

Located at 501 N Orange St in Timmonsville, South Carolina, the property is configured as a two-unit residential building with differing unit layouts.

Key Highlights

• Two units: one with 3 bedrooms and 1 bathroom; the other with 2 bedrooms and 1.5 bathrooms
• 2,262 square feet; built in 1970
• Separate electric meters for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,039

Cap Rate

6.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$260,780 $260.8K

Cap Rate 7%

$186,271 $186.3K

Cap Rate 9%

$144,878 $144.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,262 SF

Gross rent

$20.4K $9.00/SF

− Vacancy

−$1.7K −$0.77/SF

EGI

$18.6K $8.24/SF

− OpEx

−$5.6K −$2.47/SF

NOI

$13.0K $5.76/SF

Area

Florence County, SC

Vacancy

8.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$260,780

Cap Rate 7%

$186,271

Cap Rate 9%

$144,878

Alternative Uses

Best Use

Multifamily LT 5

$186.3K

$163.0K – $217.3K (±1% cap)

NOI $13,039 @ 7.0% cap · market cap 6.52%

Second Best

Apartment 5plus

$167.1K

$146.3K – $195.0K (±1% cap)

NOI $11,700 @ 7.0% cap · market cap 5.85%

Theoretical Best

Office A

$333.5K

$291.8K – $389.1K (±1% cap)

NOI $23,344 @ 7.0% cap · market cap 11.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

Explore this area Business Placement

Demographics for 29161, SC

10,728

Population

5,115

Households

2.1

Avg Household Size

44

Median Age

16%

College-Educated

85%

High-School Grad

135.2 sq mi

ZIP Area

79

Density / Sq Mi

$47,923

Median Household Income

$34,762

Median Earnings

$897

Median Rent

$126,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residences feature separate electric meters and distinct bedroom and bath configurations.

Where is this duplex located?

The property is located at 501 N Orange St Timmonsville, SC.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Two units: one with 3 bedrooms and 1 bathroom; the other with 2 bedrooms and 1.5 bathrooms; 2,262 square feet; built in 1970; Separate electric meters for each unit