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Stabilized Duplex Near Downtown Greenville

100 PARKSTONE DR Greenville, SC 29609

100 PARKSTONE DR, Greenville, SC, 29609
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Income-producing duplex built in 2023, near downtown Greenville.

Property Size1,852 SF
Price / SF$251.08
AddedMay 27
Days on Market50
Last RefreshMay 27 at 8:27 am

Property Features for 100 PARKSTONE DR

General Information

Standard status
Active
Size
1,852 SF
Property subtype
Multifamily

Listing office exp Realty Greenville

Listing date May 27, 2026

Source Crexi

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

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $28.4k $15.36
− Vacancy −$1.6k −$0.84
EGI $26.9k $14.52
− OpEx −$8.1k −$4.35
NOI $18.8k $10.16
1,852 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$268.8K
$235.2K – $313.6K (±1% cap)
NOI $18,818 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$240.5K
$210.5K – $280.6K (±1% cap)
NOI $16,837 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$791.3K
$692.4K – $923.2K (±1% cap)
NOI $55,390 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Hair Salon Building Supply Electrical Service Nail Salon Gym & Fitness Center Daycare Center Big Box & Wholesale Store

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

FAQs

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 $465,000.
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
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