Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 S Ames St Greenwood, SC 29646

    View on Map
    Sponsored
    For Sale
    $119,000

    Multi-Unit (2-4), Duplex - Greenwood, SC

    Days on Market:
    1
    Last Refresh:
    Mar 30 at 9:06 pm

    Property Features for 118 S Ames St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    6856-389-136
    Parking features
    Garage

    Building Details

    Year built
    1972
    Year renovated
    1972
    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin 'Kellar' Lawrence

    Your Home Sold Guaranteed Realty

    Listing agent Benjamin 'Kellar' Lawrence

    Listing date Mar 30, 2026

    MLS# 11680397 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Greenwood Duplex: Investor Opportunity

    This well-maintained duplex, located in a growing area of Greenwood, South Carolina, presents an investor opportunity. Situated at 118 South Ames Street, the property features two units, each with 2 bedrooms and 1 bath. The duplex currently generates $1,445 per month in total rental income with tenants in place, providing immediate cash flow. Each unit offers a functional layout with strong rental appeal. The property also features a newer roof, installed one year prior, helping reduce near-term maintenance costs and increasing long-term value. Conveniently located near Uptown Greenwood, Lander University, shopping, and dining, this duplex sits in a desirable rental area with consistent demand. This is a turnkey investment with room for future upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.144302
    Latitude
    34.196277

    Nearby Similar for Sale

    • $375,000
      2,554 SF

      Greenwood Commercial Property with Kitchen

      Commercial property with chef-inspired kitchen, suitable for various business ventures.
      116 Charles St, Greenwood, SC 29649
      View Details
    • $799,900
      6,000 SF

      Versatile Commercial Flex Property

      6,000 sq ft commercial flex property in Greenwood, SC.
      463 Calhoun Ave, Greenwood, SC 29646
      View Details
    • $310,000
      2,112 SF

      Downtown Greenwood Bar Opportunity

      Turn-key bar business in historic downtown Greenwood for sale.
      327 Main St, Greenwood, SC 29646
      View Details
    • $999,000
      5,750 SF

      Greenwood Commercial Property with Storage

      Updated office and large storage building in industrial corridor.
      425 Emerald Rd, Greenwood, SC 29646
      View Details
    • $275,000
      7,067 SF

      Greenwood Commercial Property For Sale

      Two buildings on 0.76 acres in established commercial area.
      120/124 Commerce Cir, Greenwood, SC 29646
      View Details
    • $749,000
      4,684 SF

      Historic Uptown Greenwood Commercial Property

      Versatile commercial space in a vibrant historic district with unique features.
      206 Main St, Greenwood, SC 29649
      View Details
    • $395,000
      10,000 SF

      Greenwood Commercial Building with Warehouse

      Office, showroom, and warehouse on a large corner lot.
      1201 Cambridge Ave, Greenwood, SC 29649
      View Details
    • $159,000
      1,722 SF

      Versatile Commercial Building, Greenwood SC

      Adaptable commercial building with high visibility and flexible build-out options.
      1601 E Cambridge Ave, Greenwood, SC 29646
      View Details
    • $479,000
      4,753 SF

      Iconic Mixed-Use Property, Greenwood SC

      Mixed-use property in vibrant Uptown Greenwood, ideal for live/work.
      204 Main St, Greenwood, SC 29649
      View Details
    • $50,000
      1,817 SF

      Greenwood Historic Building Fifth Floor

      Fifth floor of historic building suitable for commercial or residential.
      327 Main St, Greenwood, SC 29646
      View Details
    • $165,000
      1,956 SF

      Greenwood Car Wash Investment Opportunity

      Self-service car wash with growth potential on 0.64 acres.
      1005 Reynolds Ave, Greenwood, SC 29649
      View Details
    • $455,000
      12,646 SF

      Greenwood Commercial Property For Sale

      Two warehouse buildings on 1.83 acres in Greenwood, SC.
      205 Ginn St, Greenwood, SC 29646
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Greenwood, SC, generating immediate cash flow.
    Where is this duplex located?
    The property is located at 118 S Ames St Greenwood, SC.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Immediate cash flow: tenants in place generating $1,445 per month.; - Newer roof (one year old) reduces near-term maintenance costs.; - Two 2-bedroom, 1-bath units offer strong rental appeal.
    (864) 362-1431
    Request Owner's contact information
    118 S Ames St Greenwood, SC 29646
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 S Ames St
    Greenwood, SC 29646
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 S Ames St Greenwood, SC 29646
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Benjamin 'Kellar' Lawrence
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!