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1204 Hemingway Chapel Road

Marcus & Millichap Sells Hemingway Apartments Multifamily Community In Conway For $4.1M
SOLDMultiFamily

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

William Graves

Marcus & Millichap

Broker

$44.1M

vol

8 deals

Broker

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