Updated Apartment
For Sale
$899,900
Pending
800 Burroughs St., Conway, SC 29526
Nine-unit apartment property with refreshed interiors, private laundry hookups, and convenient access to downtown Conway.
Property Size7,793 SF
Days on Market49
Property Features for 800 Burroughs St.
General Information
Standard status
Pending
Size
7,793 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
9
Amenities
washer/dryer hookups
sunroom
Building Details
Year Built
1949
Listing Agency:
Secure Home Finder Team At Lpt Realty
(877) 366-2213
Listed By:
Patrick Tole
(843) 833-1937
Source:
Pawleysislandproperties
Added: Sep 5
Changed: Oct 23
Last Checked: Oct 23 at 7:20AM
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 Secure Home Finder Team At Lpt Realty
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Investment Insights
Based on property information with market context.
This 9-unit apartment building, constructed in 1949, offers 7,793 square feet of residential space in a character-rich configuration. The property includes eight 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Interior features include hardwood flooring, tiled bathrooms, sunrooms in most units, and washer and dryer hookups throughout. Unit updates have been completed over the last several years, with new windows installed in 2023 and new roofs in 2026.
The property is located at 800 Burroughs St. in Conway, SC, just blocks from downtown and near shopping and dining. On-site parking is available for residents.
The property is located at 800 Burroughs St. in Conway, SC, just blocks from downtown and near shopping and dining. On-site parking is available for residents.
Key Highlights
- 9 apartments total: 8 two‑bedroom, one‑bath units and 1 one‑bedroom, one‑bath unit
- 7,793 square feet on a 1949‑built property
- New windows installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,939
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,780
$1.4M
Cap Rate 7%
$1,027,700
$1.0M
Cap Rate 9%
$799,322
$799.3K
Market Conditions
NOI Build-Up for 7,793 SF
Gross rent
$136.5K $17.52/SF
− Vacancy
−$5.7K −$0.74/SF
EGI
$130.8K $16.78/SF
− OpEx
−$58.9K −$7.55/SF
NOI
$71.9K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,780
Cap Rate 7%
$1,027,700
Cap Rate 9%
$799,322
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$899.2K – $1.20M
NOI $71,939 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,254 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 29526, SC
51,403
Population
20,301
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
294
Density / Sq Mi
$66,490
Median Household Income
$28,341
Median Earnings
$943
Median Rent
$232,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment property with refreshed interiors, private laundry hookups, and convenient access to downtown Conway.
Where is this apartment building located?
The property is located at 800 Burroughs St. Conway, SC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 9 apartments total: 8 two‑bedroom, one‑bath units and 1 one‑bedroom, one‑bath unit; 7,793 square feet on a 1949‑built property; New windows installed in 2023
