Building Details

Year built 1985

Floors in Building 2

Flooring type Tile - Ceramic, Carpet

Building materials Aluminum Siding

Roof type Metal

Architectural style Cottage

Listing Agency: Jeffcoat Realty Show Phone

Listed By: Dylan Jeffcoat Show Phone

Added: Apr 23 Changed: Oct 2 Last Checked: Oct 7 at 11:06AM

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MLS# 223034

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.

Located at 6227 Hollow Creek Road in Salley, this multifamily property includes a 775-square-foot, two-story cottage built in 1985. The dwelling offers three bedrooms, two bathrooms, a kitchen and den on each level, ceramic tile and carpet flooring, aluminum siding, and a metal roof. Wall/window and window unit cooling are present, while private water service is identified and a new well is to be installed.

A mobile home is also included and provides rental income. The cottage and mobile home share a septic tank. The property encompasses 1.9 acres in Orangeburg County, South Carolina. The cottage requires repairs and cleaning and is offered in its existing condition.

Key Highlights

• 1.9‑acre multifamily property at 6227 Hollow Creek Road, Salley, SC 29137
• 775‑square‑foot, two‑story cottage built in 1985
• Three bedrooms and two bathrooms with a kitchen and den on each level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,135

Cap Rate

6.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,700 $122.7K

Cap Rate 7%

$87,643 $87.6K

Cap Rate 9%

$68,167 $68.2K

Market Conditions

NOI Build-Up for 775 SF

Gross rent

$11.9K $15.36/SF

− Vacancy

−$750 −$0.97/SF

EGI

$11.2K $14.39/SF

− OpEx

−$5.0K −$6.48/SF

NOI

$6.1K $7.92/SF

Area

Aiken County, SC

Vacancy

6.30%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,700

Cap Rate 7%

$87,643

Cap Rate 9%

$68,167

Alternative Uses

Best Use

Apartment 5plus

$87.6K

$76.7K – $102.3K (±1% cap)

NOI $6,135 @ 7.0% cap · market cap 6.20%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$149.4K

$130.7K – $174.3K (±1% cap)

NOI $10,457 @ 7.0% cap · market cap 10.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 29137, SC

2,607

Population

1,294

Households

2

Avg Household Size

43

Median Age

14%

College-Educated

86%

High-School Grad

93.4 sq mi

ZIP Area

28

Density / Sq Mi

$38,710

Median Household Income

$35,167

Median Earnings

$650

Median Rent

$124,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Multifamily property - Cottage-style dwelling accompanied by a mobile home, with both units using a shared septic system.

Where is this multifamily property located?

The property is located at 6227 Hollow Creek Road Salley, SC.

What is the asking price?

The asking price for this property is $99,000.

What are key features of this property?

This property features: 1.9‑acre multifamily property at 6227 Hollow Creek Road, Salley, SC 29137; 775‑square‑foot, two‑story cottage built in 1985; Three bedrooms and two bathrooms with a kitchen and den on each level