Duplex With Dual
For Sale
$359,320
815 Feldspar Manor Unit 815, Graniteville, SC 29829
Two connected living areas support rental, multigenerational, or owner-occupant use with low-maintenance exterior care.
Property Size2,352 SF
Price / SF$152.77
Days on Market329
Property Features for 815 Feldspar Manor Unit 815
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
HOA-covered lawn care
Central Air, Ceiling Fan(s)
No Basement
3
Vinyl, Laminate, Carpet
Dishwasher, Disposal, Microwave, Range, Refrigerator
Kitchen Island, Walk-in Closets
Pool
Composition, Shingle
Patio, Porch
Attached Parking. Spa.
1 Garage Spaces. No Covered Parking, Paved Driveway, Driveway.
Brick Trim/Veneer, HardeePlank
No Pool
Paved Road, Concrete Road.
Building Details
Year Built
2023
Stories
1
Listing Agency:
Dr Horton Realty Of Georgia, I
(803) 270-3558
Listed By:
Dawn McElmurray · License #118523
(803) 270-3558
Source:
Xome
Added: Oct 5, 2025
Changed: Aug 29
Last Checked: Jul 17 at 4:47PM
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 Dr Horton Realty Of Georgia, I
Investment Insights
Based on property information with market context.
Completed in 2023, this 2,352-square-foot duplex combines two distinct living areas within one residence. One side includes 3 bedrooms and 2 baths, while the other provides 2 bedrooms and 2 baths. Each space has its own full kitchen, and separate electrical and plumbing systems support independent functionality. An interior door connects the residences, creating flexibility for shared or separate occupancy. The home includes an open layout, contemporary finishes, storage areas, kitchen islands, and walk-in closets. Central air, ceiling fans, and a mix of vinyl, laminate, and carpet flooring are also provided.
Located at 815 Feldspar Manor Unit 815 in Graniteville, South Carolina, the property includes HOA-covered lawn care. The exterior features brick trim or veneer, HardiePlank siding, a patio, and a porch. Appliances include a dishwasher, disposal, microwave, range, and refrigerator.
Located at 815 Feldspar Manor Unit 815 in Graniteville, South Carolina, the property includes HOA-covered lawn care. The exterior features brick trim or veneer, HardiePlank siding, a patio, and a porch. Appliances include a dishwasher, disposal, microwave, range, and refrigerator.
Key Highlights
- 2,352‑square‑foot duplex completed in 2023
- 3‑bedroom, 2‑bath living area paired with a 2‑bedroom, 2‑bath living area
- Two full kitchens with separate electrical and plumbing systems
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
$21,362
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
5.95%
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%
$427,240
$427.2K
Cap Rate 7%
$305,171
$305.2K
Cap Rate 9%
$237,356
$237.4K
Market Conditions
NOI Build-Up for 2,352 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
$32.5K $13.80/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$30.5K $12.97/SF
− OpEx
−$9.2K −$3.89/SF
NOI
$21.4K $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%
$427,240
Cap Rate 7%
$305,171
Cap Rate 9%
$237,356
Alternative Uses
Best Use
Multifamily LT 5
$305.2K
$267.0K – $356.0K
NOI $21,362 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$266.0K
$232.7K – $310.3K
NOI $18,618 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$453.4K
$396.7K – $528.9K
NOI $31,735 @ 7.0% cap · market cap 8.83%
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
70
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 - Two connected living areas support rental, multigenerational, or owner-occupant use with low-maintenance exterior care.
Where is this duplex located?
The property is located at 815 Feldspar Manor Unit 815 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: 2,352‑square‑foot duplex completed in 2023; 3‑bedroom, 2‑bath living area paired with a 2‑bedroom, 2‑bath living area; Two full kitchens with separate electrical and plumbing systems
