Multifamily Property with Separate
650 Hampton Street, Elloree, SC 29047
For Sale
$240,000
The upper floor contains a distinct two-bedroom apartment alongside a larger first-floor residence.
Property Size2,912 SF
Price / SF$82.42
Days on Market97
Property Features for 650 Hampton Street
General Information
Standard status
Size
Property subtype
Additional Details
Individually Metered Utilities
Amenities
Ceiling Fan(s)
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
The Husted Team powered by Keller Williams
Listed By:
Dawn Wells
Source:
Bottletreeproperties
Added: Aug 7
Changed: Nov 7
Last Checked: Nov 10 at 5:14PM
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 The Husted Team powered by Keller Williams
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,912-square-foot multifamily property has a spacious first-floor residence and a separate two-bedroom apartment upstairs. Separate electrical meters remain in place from its earlier three-unit configuration. The parcel spans nearly one acre, with room for parking and recreational vehicles or equipment.
At 650 Hampton Street in Elloree, the property is next door to a bed and breakfast and within walking distance of historic downtown. Joe Miller Park, with walking trails, a dog park, tennis courts, and pickleball courts, is also nearby. A public boat landing on Lake Marion is approximately 6 miles away.
At 650 Hampton Street in Elloree, the property is next door to a bed and breakfast and within walking distance of historic downtown. Joe Miller Park, with walking trails, a dog park, tennis courts, and pickleball courts, is also nearby. A public boat landing on Lake Marion is approximately 6 miles away.
Key Highlights
- 2,912‑square‑foot multifamily property built in 1900
- Nearly one acre of land
- Separate upper‑level apartment with two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,389
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,780
$207.8K
Cap Rate 7%
$148,414
$148.4K
Cap Rate 9%
$115,433
$115.4K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$24.5K $8.40/SF
− Vacancy
−$5.6K −$1.91/SF
EGI
$18.9K $6.49/SF
− OpEx
−$8.5K −$2.92/SF
NOI
$10.4K $3.57/SF
Area
Orangeburg County, SC
Vacancy
22.78%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,780
Cap Rate 7%
$148,414
Cap Rate 9%
$115,433
Alternative Uses
Best Use
Apartment 5plus
$148.4K
$129.9K – $173.2K
NOI $10,389 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
Demographics for 29047, SC
3,303
Population
2,046
Households
1.6
Avg Household Size
52
Median Age
15%
College-Educated
84%
High-School Grad
64.2 sq mi
ZIP Area
51
Density / Sq Mi
$34,964
Median Household Income
$38,494
Median Earnings
$769
Median Rent
$147,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The upper floor contains a distinct two-bedroom apartment alongside a larger first-floor residence.
Where is this multifamily property located?
The property is located at 650 Hampton Street Elloree, SC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,912‑square‑foot multifamily property built in 1900; Nearly one acre of land; Separate upper‑level apartment with two bedrooms
