Brick Duplex with Screened
For Sale
$239,000
616 Clarendon Place, Aiken, SC 29801
Residential, Aiken, SC
Property Size1,811 SF
Lot Size0.11 Acres
Price / SF$131.97
Days on Market265
Property Features for 616 Clarendon Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Driveway, Open
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), Bedroom on 1st Floor, Cathedral Ceiling(s), Primary Downstairs
Appliances
Range, Self Cleaning Oven
Subdivision
Kalmia Landing
Lot features
Cul-De-Sac, Landscaped, Cul-De-Sac, Landscaped
Directions
Richland Ave W (Hwy #1 to Gregg Ave) left into Kalmia Landing on Landing Dr. Right on Clarendon. Home on left.
Standard status
Active
APN
0871612016
Size
1,811 SF
Lot size
0.11 Acres
Taxes and HOA fees
HOA Fee
$440 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
swimming pool
tennis/pickleball courts
community pond
green space
clubhouse
large gathering room
fully-equipped kitchen
library
billiards room
workout room
beauty salon
Building Details
Year built
1985
Floors in Building
1
Flooring type
Carpet, Laminate, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Woodside - Aiken Realty LLC
(803) 643-1899
Listed By:
Pat A Roberts · License #SC24636
(803) 270-1730
Added: Dec 10, 2025
Changed: Aug 26
Last Checked: Sep 1 at 1:06AM
MLS# 220827
Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-level brick duplex includes two bedrooms and two bathrooms within 1,811 square feet. Interior features include vaulted ceilings, a primary suite, a guest bedroom, laundry room, flex space, walk-in closet, and a galley-style kitchen with ample cabinetry. The great room extends to a screened porch, while central air, laminate, carpet, and tile flooring support everyday functionality. The property was built in 1985 and includes an open driveway, public water, public sewer, and a composition roof.
Set within the Kalmia Landing gated community in Aiken, the property includes access to a swimming pool, tennis and pickleball courts, community pond, green space, and a clubhouse with gathering, kitchen, library, billiards, workout, and salon areas. The lot measures 0.11 acres and includes maintained landscaping.
Set within the Kalmia Landing gated community in Aiken, the property includes access to a swimming pool, tennis and pickleball courts, community pond, green space, and a clubhouse with gathering, kitchen, library, billiards, workout, and salon areas. The lot measures 0.11 acres and includes maintained landscaping.
Key Highlights
- 1,811‑square‑foot duplex with two bedrooms and two bathrooms
- All‑brick, single‑level construction built in 1985
- Screened porch connected to the great room
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
$16,448
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
6.88%
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%
$328,960
$329.0K
Cap Rate 7%
$234,971
$235.0K
Cap Rate 9%
$182,756
$182.8K
Market Conditions
NOI Build-Up for 1,811 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
$25.0K $13.80/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$23.5K $12.97/SF
− OpEx
−$7.0K −$3.89/SF
NOI
$16.4K $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 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%
$328,960
Cap Rate 7%
$234,971
Cap Rate 9%
$182,756
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,335 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$349.1K
$305.4K – $407.3K
NOI $24,435 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 29801, SC
27,613
Population
13,543
Households
2
Avg Household Size
41
Median Age
28%
College-Educated
84%
High-School Grad
88.9 sq mi
ZIP Area
311
Density / Sq Mi
$55,032
Median Household Income
$36,804
Median Earnings
$1,070
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One-level brick duplex with two bedrooms, two bathrooms, vaulted ceilings, and access to shared community amenities.
Where is this duplex located?
The property is located at 616 Clarendon Place Aiken, SC.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,811‑square‑foot duplex with two bedrooms and two bathrooms; All‑brick, single‑level construction built in 1985; Screened porch connected to the great room
