Brick Duplex with Central
For Sale
$258,000
14 Green Acres Cr, Ware Shoals, SC 29692
Residential Income, Ware Shoals, SC
Property Size1,772 SF
Lot Size0.86 Acres
Price / SF$145.60
Days on Market64
Property Features for 14 Green Acres Cr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Subdivision
GREEN ACRES
Standard status
Active
Size
1,772 SF
Lot size
0.86 Acres
Utilities
Cooling system
Central Air, Multi Units
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Greenwood Realty Inc.
(864) 388-0202
Listed By:
Candace Adams · License #130564
(864) 971-2396
Added: Jun 27
Changed: Aug 26
Last Checked: Aug 29 at 4:06PM
MLS# 140125
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains 1,772 square feet across two residential units, each configured with two bedrooms and one bathroom. Built in 1958, the property features hardwood flooring, central air with multiple units, a composition roof, and recent plumbing improvements. Each unit has separate electric and natural gas metering, while the owner handles water service. The 0.86-acre parcel includes a spacious yard and children's playset.
Both units are occupied by long-term tenants, with current monthly rents of $1,075 and $1,175. The property reports a 100% occupancy rate, a 8.39% going-in cap rate, and annual operating expenses of $5,345. Located at 14 Green Acres Cr in Ware Shoals, South Carolina, the duplex offers a two-unit residential income configuration in Greenwood County.
Both units are occupied by long-term tenants, with current monthly rents of $1,075 and $1,175. The property reports a 100% occupancy rate, a 8.39% going-in cap rate, and annual operating expenses of $5,345. Located at 14 Green Acres Cr in Ware Shoals, South Carolina, the duplex offers a two-unit residential income configuration in Greenwood County.
Key Highlights
- Two‑unit duplex with 1,772 square feet and a 2BR/1BA layout for each unit
- 100% occupied with long‑term tenants
- 0.86‑acre parcel with spacious yard and children's playset
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,743
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$174,860
$174.9K
Cap Rate 7%
$124,900
$124.9K
Cap Rate 9%
$97,144
$97.1K
Market Conditions
NOI Build-Up for 1,772 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.1K $10.20/SF
− Vacancy
−$5.6K −$3.15/SF
EGI
$12.5K $7.05/SF
− OpEx
−$3.7K −$2.11/SF
NOI
$8.7K $4.93/SF
Area
Greenwood County, SC
Vacancy
30.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$174,860
Cap Rate 7%
$124,900
Cap Rate 9%
$97,144
Alternative Uses
Best Use
Multifamily LT 5
$124.9K
$109.3K – $145.7K
NOI $8,743 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$86.9K
$76.0K – $101.4K
NOI $6,081 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 29692, SC
4,602
Population
2,630
Households
1.7
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
48.6 sq mi
ZIP Area
95
Density / Sq Mi
$42,533
Median Household Income
$32,128
Median Earnings
$744
Median Rent
$95,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residential units offer separate utility metering, hardwood flooring, and updated plumbing within a low-maintenance configuration.
Where is this duplex located?
The property is located at 14 Green Acres Cr Ware Shoals, SC.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,772 square feet and a 2BR/1BA layout for each unit; 100% occupied with long‑term tenants; 0.86‑acre parcel with spacious yard and children's playset
