New Construction Duplex in
For Sale
$359,320
815 Feldspar Manor, Graniteville, SC 29829
MULTI_FAMILY - Graniteville, SC
Property Size2,334 SF
Lot Size0.25 Acres
Price / SF$153.95
Days on Market259
Property Features for 815 Feldspar Manor
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 4
Parking features
Garage
Subdivision
Byrd Village
Elementary school
Graniteville Elementary
Middle school
Leavelle McCampbell
High school
Midland Valley
Directions
GPS use 260 Ascauga Lake Road GRANITEVILLE, SC 29829 Traveling I-20 East, exit #11/Bettis Academy Rd. Merge right and travel 2 miles. Turn left onto State Hwy 33/Ascauga Lake Road. Byrd Village is approx. 1 mile on the left, just across from Christian Heritage Church.
Standard status
Active
APN
0491608003
Size
2,334 SF
Lot size
0.25 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Number of units
2
Building materials
Fiber Cement
Listing Agency:
D.R. Horton Realty of Georgia, Inc.
(678) 509-0555
Listed By:
Dawn McElmurray · License #118523
(803) 270-3558
Added: Nov 25, 2025
Changed: Aug 10
Last Checked: Aug 11 at 7:06PM
MLS# 98254160
Copyright © 2026 Hive MLS. 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 new construction duplex in Graniteville, SC, presents an excellent opportunity for ownership. The property features a townhome-style layout with 5 bedrooms and 4 full bathrooms, offering spacious living areas designed with a seamless, open concept. A convenient kitchenette adds to the appeal, suitable for entertaining or accommodating family. The HOA provides hassle-free living with included lawn maintenance, ensuring a well-kept exterior year-round. The property size is 2334 square feet and sits on a lot of approximately 0.25 acres.
Key Highlights
- New‑construction duplex built in 2023
- 5 bedrooms and 4 full bathrooms in a one‑story layout
- Central air conditioning with natural gas heating
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
$21,198
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
5.90%
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%
$423,960
$424.0K
Cap Rate 7%
$302,829
$302.8K
Cap Rate 9%
$235,533
$235.5K
Market Conditions
NOI Build-Up for 2,334 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
$32.2K $13.80/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$30.3K $12.97/SF
− OpEx
−$9.1K −$3.89/SF
NOI
$21.2K $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%
$423,960
Cap Rate 7%
$302,829
Cap Rate 9%
$235,533
Alternative Uses
Best Use
Multifamily LT 5
$302.8K
$265.0K – $353.3K
NOI $21,198 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,475 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$449.9K
$393.7K – $524.9K
NOI $31,492 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 29829, SC
12,567
Population
4,849
Households
2.6
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
34.9 sq mi
ZIP Area
360
Density / Sq Mi
$76,025
Median Household Income
$40,799
Median Earnings
$1,073
Median Rent
$225,600
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 - New construction duplex with 5 bedrooms and HOA lawn maintenance.
Where is this duplex located?
The property is located at 815 Feldspar Manor Graniteville, SC.
What is the asking price?
The asking price for this property is $359,320.
What are key features of this property?
This property features: New‑construction duplex built in 2023; 5 bedrooms and 4 full bathrooms in a one‑story layout; Central air conditioning with natural gas heating
