Marcus & Millichap Sells Hemingway Apartments Multifamily Community In Conway For $4.1M
1204 Hemingway Chapel Road
$4,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 30, 2026
AI
Hemingway Apartments is a multifamily property located at 1204 Hemingway Chapel Road in Conway, SC. This community features 30 units and was constructed in 2022. The asset was sold for $4,100,000, reflecting a price per unit of approximately $136,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 30
- Price Per Unit: $136,667
- Sale Date: 03/30/2026
- Market: Conway, SC
The transaction was facilitated by brokers Ryan Lipomi, William Graves, and Carson Ford from Marcus & Millichap, who represented the seller in this deal, indicating a strong investor interest in newer multifamily assets.
Players
Conway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93