Furnished Duplex with Modern
New
For Sale
$465,000
100 Parkstone Drive, Greenville, SC 29609
Multi-Family, Greenville, SC
Property Size1,900 SF
Lot Size0.24 Acres
Price / SF$244.74
Days on Market1
Property Features for 100 Parkstone Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Off Street, Driveway
Elementary school
Paris
Middle school
Sevier
High school
Wade Hampton
Subdivision
011
Standard status
Active
APN
P038.00-01-096.00
Lot size
0.24 Acres
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Electric, Central Air
Water source
Public
Amenities
in-unit laundry
stainless appliances
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
EXP Realty LLC
(888) 440-2798
Listed By:
Kyle Sizemore
(828) 421-4232
Added: Sep 11
Last Checked: Sep 11 at 7:06AM
MLS# 1585530
Copyright © 2026 Greater Greenville 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.
Built in 2023, this furnished duplex contains two matching residences with approximately 1,900 total square feet. Each unit offers two bedrooms, one-and-a-half bathrooms, an open-concept arrangement, a modern kitchen with stainless appliances, and in-unit laundry. Low-maintenance finishes support the property’s current rental operation, while off-street parking and a driveway serve the site.
The 0.24-acre property is located at 100 Parkstone Drive in Greenville, South Carolina, near Downtown Greenville, Cherrydale shopping and dining, Furman University, and Paris Mountain State Park. Public water, electric heating, forced-air distribution, and central air conditioning are in place. Showings require 24-hour notice.
The 0.24-acre property is located at 100 Parkstone Drive in Greenville, South Carolina, near Downtown Greenville, Cherrydale shopping and dining, Furman University, and Paris Mountain State Park. Public water, electric heating, forced-air distribution, and central air conditioning are in place. Showings require 24-hour notice.
Key Highlights
- Duplex built in 2023 with approximately 1,900 total square feet
- Two units, each with 2 bedrooms and 1.5 bathrooms
- Fully furnished interiors with open‑concept layouts
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
$19,305
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
4.15%
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%
$386,100
$386.1K
Cap Rate 7%
$275,786
$275.8K
Cap Rate 9%
$214,500
$214.5K
Market Conditions
NOI Build-Up for 1,900 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
$29.2K $15.36/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$27.6K $14.52/SF
− OpEx
−$8.3K −$4.35/SF
NOI
$19.3K $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 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%
$386,100
Cap Rate 7%
$275,786
Cap Rate 9%
$214,500
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,305 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$246.8K
$215.9K – $287.9K
NOI $17,274 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$811.8K
$710.3K – $947.1K
NOI $56,826 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
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 - Two-unit property with furnished interiors, open layouts, updated kitchens, and in-unit laundry near Greenville amenities.
Where is this duplex located?
The property is located at 100 Parkstone Drive 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: Duplex built in 2023 with approximately 1,900 total square feet; Two units, each with 2 bedrooms and 1.5 bathrooms; Fully furnished interiors with open‑concept layouts
