8-Unit Apartment
109 Masters Court, Greenwood, SC 29649
For Sale
$599,900
MULTI-FAMILY, Greenwood, SC
Property Size7,200 SF
Price / SF$83.32
Days on Market29
Property Features for 109 Masters Court
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Tzedi Co Realty
Listed By:
Kristin Riley
(803) 683-2210
Added: Oct 13
Changed: Oct 31
Last Checked: Nov 10 at 5:06PM
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 7,200-square-foot apartment property contains eight units, with six currently occupied and two vacant. Built in 1970, the building has central heating and air conditioning, assigned parking, and public water service. Several units have received updates, select units have new HVAC systems, and the roof has been replaced.
All eight units are on month-to-month leases. The current occupancy includes six units in use and two available for leasing.
All eight units are on month-to-month leases. The current occupancy includes six units in use and two available for leasing.
Key Highlights
- Eight apartment units totaling 7,200 square feet
- Six occupied units and two vacant units
- All units are on month‑to‑month leases
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
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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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 - All units have month-to-month leases, allowing flexibility in future leasing and management.
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 apartment units totaling 7,200 square feet; Six occupied units and two vacant units; All units are on month‑to‑month leases
