8-Unit Apartment
New
For Sale
$599,900
109 Masters Court, Greenwood, SC 29649
MULTI-FAMILY, Greenwood, SC
Property Size7,200 SF
Price / SF$83.32
Days on Market3
Property Features for 109 Masters Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 10, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 9, Bedroom 5
Parking
16
Parking features
Assigned
Elementary school
Greenwood County Schools
Middle school
Greenwood County Schools
High school
Greenwood County Schools
Elementary school district
Greenwood County Schools
Middle school district
Greenwood County Schools
High school district
Greenwood County Schools
Directions
Head east on Montague Avenue and turn left onto North Grace Street. Follow North Grace Street and take a right turn onto Trakas Avenue. Proceed don Trakas Avenue, then make a left turn onto Masters Court, where you will find 109 Masters Ct on your left.
Subdivision
Lake Greenwood
Standard status
Active
Size
7,200 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
8
Listing Agency:
Tzedi Co Realty
Listed By:
Kristin Riley
(803) 683-2210
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# 644937
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8-unit apartment property at 109 Masters Court contains 7,200 square feet and was built in 1970. Six units are occupied and two are vacant; all leases are month to month. Several apartments have received updates, select units have new HVAC systems, and the roof was recently replaced. Central heating and air conditioning serve the property, with assigned parking and public water also in place.
Key Highlights
- Eight‑unit apartment property with 7,200 square feet
- Six units occupied and two vacant
- Month‑to‑month leases across all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,707
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,140
$494.1K
Cap Rate 7%
$352,957
$353.0K
Cap Rate 9%
$274,522
$274.5K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$83.8K $11.64/SF
− Vacancy
−$38.9K −$5.40/SF
EGI
$44.9K $6.24/SF
− OpEx
−$20.2K −$2.81/SF
NOI
$24.7K $3.43/SF
Area
Greenwood County, SC
Vacancy
46.40%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,140
Cap Rate 7%
$352,957
Cap Rate 9%
$274,522
Alternative Uses
Best Use
Apartment 5plus
$353.0K
$308.8K – $411.8K
NOI $24,707 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,326 @ 7.0% cap · market cap 26.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
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
Frequently Asked Questions
What type of property is this?
Apartment building - Six residences are occupied, while two vacant units offer immediate leasing capacity.
Where is this apartment building located?
The property is located at 109 Masters Court Greenwood, SC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Eight‑unit apartment property with 7,200 square feet; Six units occupied and two vacant; Month‑to‑month leases across all units
