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Newport Commons Apartment Buildings
For Sale
Contact for pricing
Pending

700 Simpson Rd, Anderson, SC 29621

Two-story multifamily asset with upgraded flooring and recently replaced exterior stairways.

Property SizeContact for details
Days on Market143

Property Features for 700 Simpson Rd

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 16 x 2BR/2BA
Multifamily Units 16

Building Details

Buildings 2
Stories 2
Listing Agency: Futurestar Real Estate
Listed By: David Smythe · License #FSBO
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 11:59PM

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 Futurestar Real Estate

Investment Insights

Based on property information with market context.

Newport Commons Buildings 3 and 4 comprise 16 apartment units arranged in two 2-story buildings. Every unit offers a 2-bedroom, 2-bathroom layout. Recent property improvements include replacement of the two-story stairways with sturdier designs, installation of stainless steel micro screen gutter guards, and LVP flooring upgrades in approximately 70% of the units as turnover occurs. The buildings have no deferred maintenance reported.

The property is located at 700 Simpson Rd in Anderson, South Carolina. Occupancy is typically 100%, and Azalea Realty currently provides local property management covering day-to-day matters. Continued management by the existing firm is available at the new owner's discretion.

Key Highlights

  • 16 units across two 2‑story apartment buildings
  • All units feature a 2 Bed / 2 Bath layout
  • Typically 100% occupied

Property Analytics

Current Use

Newport Commons Apartment Complex Kozak Investments, LLC Apartment Building Glossy Mobile Detailing Car Wash

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Parking Lot & Garage HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 29621, SC

44,601
Population
18,960
Households
2.4
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
87.1 sq mi
ZIP Area
512
Density / Sq Mi
$71,446
Median Household Income
$41,773
Median Earnings
$1,023
Median Rent
$252,700
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?
Apartment building - Two-story multifamily asset with upgraded flooring and recently replaced exterior stairways.
Where is this apartment building located?
The property is located at 700 Simpson Rd Anderson, SC.
What are key features of this property?
This property features: 16 units across two 2‑story apartment buildings; All units feature a 2 Bed / 2 Bath layout; Typically 100% occupied
More about this property
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