Turnkey Duplex
For Sale
$349,000
109 Old Liberty Road, Easley, SC 29640
Townhouse-style duplex with two 2-bedroom, 1.5-bath units, each with private front porches and dedicated storage.
Property Size2,100 SF
Days on Market18
Property Features for 109 Old Liberty Road
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
Acres: 0.28, Area: 12196.8, Square Feet: 12196.8
Roof: Architectural
Sewer: Public Sewer
Tax Annual Amount: $4,743
Cooling Included, Cooling: Central Forced, Electric
Heating Included, Heating: Forced Air
Contract Status Change Date: 2026-07-23, Listing Terms: None, Standard Status: Active
Open Parking, Parking Features: Paved
Elementary School: West End, Middle Or Junior School: Richard H. Gettys, High School: Easley
4 total bedrooms
Building Area Total: 2100, Built in 2022, Construction Materials: Vinyl Siding, Levels: Two, Stories: 2
City: Easley, County Or Parish: Pickens, MLS Area Major: 063, Postal Code: 29640, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: 501915521652, Property Condition: 1-5, Property Sub Type: Duplex
2 full bathrooms, 2 half bathrooms, 4 total bathrooms
Water Source: Public
Foundation Details: Slab
Appliances: Electric Water Heater
Building Details
Building Size
2,100 SF
Year Built
2022
Tenancy
Multi
Listing Agency:
Bluefield Realty Group
(864) 375-8085
Listed By:
Travis Sillery
(864) 375-8085
Source:
Blackstreaminternational
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 9 at 5:18AM
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.
This turnkey townhouse-style duplex consists of two separate sides, each offering a functional 2-bedroom, 1.5-bath layout. The property includes private front porches and dedicated storage for each unit. Unit A and Unit B are both currently rented, with leases secured through May 31, 2027.
The asset is professionally managed, supporting an easier ownership experience for investors. Rental income is in place from both units under existing lease terms.
For buyers seeking an income-producing residential duplex, this offering provides two currently occupied units with established lease timelines and townhouse-style living configurations.
The asset is professionally managed, supporting an easier ownership experience for investors. Rental income is in place from both units under existing lease terms.
For buyers seeking an income-producing residential duplex, this offering provides two currently occupied units with established lease timelines and townhouse-style living configurations.
Key Highlights
- Townhouse‑style duplex built in 2022 with two separate 2‑bedroom, 1.5‑bath units
- Unit A rented for $1,400/month; Unit B rented for $1,415/month
- Both leases run through May 31, 2027, providing established tenant occupancy
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
$17,713
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
5.08%
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%
$354,260
$354.3K
Cap Rate 7%
$253,043
$253.0K
Cap Rate 9%
$196,811
$196.8K
Market Conditions
NOI Build-Up for 2,100 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
$26.5K $12.60/SF
− Vacancy
−$1.2K −$0.55/SF
EGI
$25.3K $12.05/SF
− OpEx
−$7.6K −$3.61/SF
NOI
$17.7K $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%
$354,260
Cap Rate 7%
$253,043
Cap Rate 9%
$196,811
Alternative Uses
Best Use
Multifamily LT 5
$253.0K
$221.4K – $295.2K
NOI $17,713 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$226.7K
$198.3K – $264.5K
NOI $15,867 @ 7.0% cap · market cap 4.55%
Theoretical Best
Mixed Use
$310.5K
$271.7K – $362.3K
NOI $21,735 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16
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 - Townhouse-style duplex with two 2-bedroom, 1.5-bath units, each with private front porches and dedicated storage.
Where is this duplex located?
The property is located at 109 Old Liberty Road Easley, SC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Townhouse‑style duplex built in 2022 with two separate 2‑bedroom, 1.5‑bath units; Unit A rented for $1,400/month; Unit B rented for $1,415/month; Both leases run through May 31, 2027, providing established tenant occupancy
