Renovated Duplex with Separate
For Sale
$219,500
944 Park St, Orangeburg, SC 29115
Updated two-unit property with private driveways, laundry hookups, an enclosed porch, and a shaded backyard.
Property Size1,782 SF
Price / SF$123.18
Days on Market136
Property Features for 944 Park St
General Information
Standard status
Active
Size
1,782 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
washer/dryer hookups
separate utility meters
driveway
enclosed porch
backyard
Building Details
Year Built
1950
Buildings
1
Listing Agency:
ERA Wilder Realty Inc.
(803) 854-2119
Listed By:
Chris Williams
Source:
Findyourcharlestonhome
Added: Apr 16
Changed: Aug 28
Last Checked: Aug 28 at 2:58PM
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 ERA Wilder Realty Inc.
Investment Insights
Based on property information with market context.
This 1,782-square-foot duplex contains four bedrooms and two bathrooms across its two units. Built in 1950, the property has received extensive interior and exterior improvements, including a 2025 roof, replacement windows, LVP flooring, fresh interior paint, updated lighting, plumbing fixtures, toilets, switches, and receptacles. Kitchens feature granite countertops, new appliances, and contemporary fixtures. Each unit includes washer/dryer hookups, an individual utility meter, and a private driveway.
Outdoor components include an enclosed porch and a spacious shaded backyard. Located at 944 Park St in Orangeburg, South Carolina, the property combines a renovated building with separate utility metering and dedicated access for each unit.
Outdoor components include an enclosed porch and a spacious shaded backyard. Located at 944 Park St in Orangeburg, South Carolina, the property combines a renovated building with separate utility metering and dedicated access for each unit.
Key Highlights
- 1,782‑square‑foot duplex with 4BR/2BA configuration
- Comprehensive updates include a new roof in 2025, windows, LVP flooring, paint, lighting, and plumbing fixtures
- Kitchens upgraded with granite countertops, new appliances, and modern fixtures
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
$7,038
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
3.21%
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%
$140,760
$140.8K
Cap Rate 7%
$100,543
$100.5K
Cap Rate 9%
$78,200
$78.2K
Market Conditions
NOI Build-Up for 1,782 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
$12.8K $7.20/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$10.1K $5.64/SF
− OpEx
−$3.0K −$1.69/SF
NOI
$7.0K $3.95/SF
Area
Orangeburg County, SC
Vacancy
21.64%
Lease Rate
$7.20 /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%
$140,760
Cap Rate 7%
$100,543
Cap Rate 9%
$78,200
Alternative Uses
Best Use
Multifamily LT 5
$100.5K
$88.0K – $117.3K
NOI $7,038 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$90.8K
$79.5K – $106.0K
NOI $6,357 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$258.2K
$225.9K – $301.2K
NOI $18,072 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
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 - Updated two-unit property with private driveways, laundry hookups, an enclosed porch, and a shaded backyard.
Where is this duplex located?
The property is located at 944 Park St Orangeburg, SC.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: 1,782‑square‑foot duplex with 4BR/2BA configuration; Comprehensive updates include a new roof in 2025, windows, LVP flooring, paint, lighting, and plumbing fixtures; Kitchens upgraded with granite countertops, new appliances, and modern fixtures
