Townhouse-Style
For Sale
$349,900
107 Old Liberty Road, Easley, SC 29640
Two separately leased residences include private porches and dedicated storage.
Property Size2,086 SF
Price / SF$167.74
Days on Market216
Property Features for 107 Old Liberty Road
General Information
Standard status
Active
Size
2,086 SF
Property subtype
Multi-Family / Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,743
Amenities
private front porches
dedicated storage
Electric
Central Forced, Electric
Electric, Forced Air
Architectural
2
Public
Vinyl Siding
Building Details
Year Built
2022
Construction
townhouse-style
Tenancy
Multi
Listing Agency:
Bluefield Realty Group
(864) 626-7296
Listed By:
Travis Sillery
Source:
Compass
Added: Jan 27
Changed: Aug 30
Last Checked: Aug 30 at 1:01PM
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 Bluefield Realty Group
Investment Insights
Based on property information with market context.
Built in 2022, this 2,086-square-foot townhouse-style duplex includes two residential sides with matching layouts. Each unit offers two bedrooms, one and one-half baths, living space, a private front porch, and dedicated storage. Vinyl siding and electric, central forced-air systems are identified among the property features.
Both units are leased. Unit A has a lease running through June 30, 2026, while Unit 2 is leased through February 28, 2027. Professional management is in place, providing an established operating structure for the property.
Both units are leased. Unit A has a lease running through June 30, 2026, while Unit 2 is leased through February 28, 2027. Professional management is in place, providing an established operating structure for the property.
Key Highlights
- 2,086‑square‑foot townhouse‑style duplex built in 2022
- Each unit includes 2 bedrooms and 1.5 baths
- Private front porches and dedicated storage for both units
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
$17,595
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
5.03%
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%
$351,900
$351.9K
Cap Rate 7%
$251,357
$251.4K
Cap Rate 9%
$195,500
$195.5K
Market Conditions
NOI Build-Up for 2,086 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
$26.3K $12.60/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$25.1K $12.05/SF
− OpEx
−$7.5K −$3.61/SF
NOI
$17.6K $8.43/SF
Area
Pickens County, SC
Vacancy
4.37%
Lease Rate
$12.60 /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%
$351,900
Cap Rate 7%
$251,357
Cap Rate 9%
$195,500
Alternative Uses
Best Use
Multifamily LT 5
$251.4K
$219.9K – $293.3K
NOI $17,595 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 4.50%
Theoretical Best
Mixed Use
$308.4K
$269.9K – $359.8K
NOI $21,590 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
Explore this area
Business Placement
Demographics for 29640, SC
32,191
Population
14,096
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
84%
High-School Grad
85.7 sq mi
ZIP Area
376
Density / Sq Mi
$60,596
Median Household Income
$35,610
Median Earnings
$952
Median Rent
$197,200
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 separately leased residences include private porches and dedicated storage.
Where is this duplex located?
The property is located at 107 Old Liberty Road Easley, SC.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,086‑square‑foot townhouse‑style duplex built in 2022; Each unit includes 2 bedrooms and 1.5 baths; Private front porches and dedicated storage for both units
