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    Five-Unit Apartment Building Title is generated by Realmo AI

    828 Jones Cir, Hartsville, SC 29550

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    For Sale
    $189,900

    MULTI_FAMILY - Hartsville, SC

    Type:Apartment
    Property size:
    2,758 SF
    Price / SF:
    $68/SF
    Added:
    Apr 10, 2026
    Days on Market:
    55
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 828 Jones Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Parking
    5
    Parking features
    Off Street
    Standard status
    Active

    Utilities

    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1973
    Number of units
    5
    Flooring type
    Laminate, Carpet
    Building materials
    Brick Veneer, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Scott Gauger

    Listing agent Scott Gauger License #143241

    Listing office Brown & Coker Realty 157 W Carolina Avenue, Hartsville, SC

    Listing date Apr 10, 2026

    MLS# 20253017 Listing URL

    Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,758 sq. ft. property built in 1973, converted into five 1‑bedroom, 1‑bath apartments, each with its own entrance
    • Five separate units offer multiple income streams in one building
    • Convenient to Coker University
    • Public water; cooling includes central air and window unit(s)
    • Off‑street parking available
    • Exterior materials include brick veneer and wood siding; roof is composition

    Overview

    This property at 828 Jones Cir. comprises a 2,758 sq. ft. residence converted into five separate 1-bedroom, 1-bath apartments. A key feature of the configuration is that each unit has its own entrance, creating a more independent layout for tenants. The building is presented as a multi-unit investment, with the unit mix designed to support a consistent residential rental footprint.

    Located in Hartsville, the offering is described as convenient to Coker University and close to downtown Hartsville shopping, dining, and entertainment. The seller also notes that the area supports an easy commute to local employers and highways, which can be a practical consideration for prospective residents and leasing strategies.

    For investors or operators, the property’s five-unit structure provides multiple income streams within one asset, and the separate entrances may help simplify tenant experience and day-to-day management. The listing also indicates flexibility for long-term, short-term, or mixed-use leasing approaches. Prospective buyers should review the current configuration and any needed updates as part of their underwriting, since the remarks reference room for value-add improvements.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $26.5k $9.60
    − Vacancy −$1.6k −$0.58
    EGI $24.9k $9.02
    − OpEx −$11.2k −$4.06
    NOI $13.7k $4.96
    2,758 SF · lease $9.60/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $195.6K
    $171.1K – $228.2K (±1% cap)
    NOI $13,689 @ 7.0% cap · market cap 7.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.10M
    $4.46M – $5.95M (±1% cap)
    NOI $357,064 @ 7.0% cap · market cap 188.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartsville
    County
    Darlington
    State
    South Carolina
    Longitude
    -80.051636
    Latitude
    34.339068

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    FAQs

    What type of property is this?
    Apartment building - A five-unit, five–1-bedroom apartment setup, each with its own entrance, positioned for flexible rental use in Hartsville.
    Where is this apartment building located?
    The property is located at 828 Jones Cir Hartsville, SC.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: 2,758 sq. ft. property built in 1973, converted into five 1‑bedroom, 1‑bath apartments, each with its own entrance; Five separate units offer multiple income streams in one building; Convenient to Coker University
    (843) 383-6765
    We can help!
    Listing Contact
    Scott Gauger
    Real Estate License ID: 143241
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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