Stabilized Duplex Near Downtown
For Sale
Contact for pricing
100 PARKSTONE DR, Greenville, SC 29609
Income-producing duplex built in 2023, near downtown Greenville.
Property Size1,852 SF
Price / SF$242.93
Days on Market140
Property Features for 100 PARKSTONE DR
General Information
Standard status
Active
Size
1,852 SF
Property subtype
Multifamily
Building Details
Units
2
Listing Agency:
exp Realty Greenville
Listed By:
Kyle Sizemore · License #SC 126829
Source:
Crexi
Added: May 27
Changed: Oct 10
Last Checked: Oct 12 at 6:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of exp Realty Greenville
Investment Insights
Based on property information with market context.
The property at 100 Parkstone Drive Units A & B is a newly constructed duplex, completed in 2023. The property is fully stabilized and income-producing. Each unit features 2 bedrooms and 1.5 bathrooms, with an open-concept floor plan. Modern kitchens include stainless steel appliances, and each unit is equipped with in-unit laundry. The total square footage is approximately 1,900+. Currently, both units operate as mid-term rentals, generating a combined gross income of $3,900 per month ($46,800 per year). There is potential for increased rental income, as current rents are below the area's market rate. The units are also marketed on Airbnb, allowing for a transition to a short-term rental strategy or a blended short-term/mid-term rental model. The location is near downtown Greenville's restaurants, arts, and entertainment, as well as Cherrydale shopping, Furman University, and Paris Mountain State Park. The property is suitable for investors expanding a short-term rental portfolio, operators entering the Greenville market, or first-time investors seeking a house hack with built-in income offset.
Key Highlights
- Fully stabilized, income‑producing duplex built in 2023
- Generating $3,900/month in gross income with immediate rental upside
- Potential for seamless transition to short‑term rental strategy with existing Airbnb marketing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,818
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,360
$376.4K
Cap Rate 7%
$268,829
$268.8K
Cap Rate 9%
$209,089
$209.1K
Market Conditions
NOI Build-Up for 1,852 SF
Gross rent
$28.4K $15.36/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$26.9K $14.52/SF
− OpEx
−$8.1K −$4.35/SF
NOI
$18.8K $10.16/SF
Area
Greenville County, SC
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,360
Cap Rate 7%
$268,829
Cap Rate 9%
$209,089
Alternative Uses
Best Use
Multifamily LT 5
$268.8K
$235.2K – $313.6K
NOI $18,818 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$240.5K
$210.5K – $280.6K
NOI $16,837 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$791.3K
$692.4K – $923.2K
NOI $55,390 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
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Business Placement
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex built in 2023, near downtown Greenville.
Where is this duplex located?
The property is located at 100 PARKSTONE DR Greenville, SC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Fully stabilized, income‑producing duplex built in 2023; Generating $3,900/month in gross income with immediate rental upside; Potential for seamless transition to short‑term rental strategy with existing Airbnb marketing
