Octagon House pairs a beautifully restored, circa-1860 historic landmark with a modern eight-unit addition built in 2007, creating a fully renovated, 100% occupied 13-unit community in Laurens, South Carolina. The 2025 renovation modernized systems and finishes throughout while preserving the property's signature octagonal structure, standing-seam metal roof, multiple chimneys, and ADA-accessible covered entry. Private balconies, exterior stairways, mature landscaping, and a well-maintained lawn give the community a boutique, residential feel that's hard to replicate - and one that renters have responded to with sustained full occupancy since the renovation was completed. For a private, high-net-worth investor, Octagon House offers dependable "mailbox money" with minimal hands-on effort: third-party professional management is already in place, the asset is fully stabilized, and current in-place rents of $819 per unit sit roughly 15.7% below the $971 market rate - pointing to a clear, low-risk path to income growth through lease renewals alone. Demand is further supported by a stable, diversified employer base within a five-mile radius, including ZF Transmissions, Walmart Distribution Center, Prisma Health, and Presbyterian College. Octagon House is offered unpriced, while we entertain competitive offers at market value - contact Greysteel today to execute a Confidentiality Agreement and access full underwriting.
| MLS # | 4406499 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1860 |
| Days On Site | 95 |
| Listing Provided By | Greysteel North Carolina LLC | Ari Firoozabadi |
| SQ Feet | 17,066 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 13 |
| Acreage | 1.72 |
| Water Front | Yes |
| Cooling | Electric |
|---|---|
| Heating | Electric |
| Appliances | Dishwasher, Dryer, Electric Cooktop, Electric Oven, Exhaust Hood, Refrigerator, Washer |
| Roof | Architectural Shingle, Metal |
|---|---|
| Construction Materials | Block, Hardboard Siding |
| Foundation Details | Basement |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
| State | SC |
|---|---|
| County | Laurens |
| City | Laurens |
| Zip Code | 29360 |
| Area | Laurens |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 29360) | |
Price: $1,300,000 low | high Med: $1,300,000 sqft: 17,066 low | high Med: 17,066 $ / sqft: $76 low | high Med: $76 On site: 95 low | high Med: 95 | |
| State | SC |
|---|---|
| County | Laurens |
| City | Laurens |
| Zip Code | 29360 |
| Area | Laurens |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 29360) | |
Price: $1,300,000 low | high Med: $1,300,000 sqft: 17,066 low | high Med: 17,066 $ / sqft: $76 low | high Med: $76 On site: 95 low | high Med: 95 | |