Description
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.
Address
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Address: 101 Woodrow Street, Laurens, South Carolina 29360
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City: Laurens
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State/county: SC
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Zip/Postal Code: 29360
Details
Updated on September 4, 2026 at 7:54 pm-
Property ID 4406499
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Price $1,300,000
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Property Size 17066 m²
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Year Built 1860
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Property Type Apartment, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Architectural Shingle, Metal
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Sewer Public Sewer
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Cooling Electric
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Heating Electric
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County Laurens
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Property Type Residential Income
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Parking Parking Lot
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Elementary School Unspecified
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Middle School Unspecified
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High School Unspecified
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Waterfront None
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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