Like-New Duplex with Two 2-Bed
115-117 Oak Street Greer, SC 29651
115-117 Oak Street, Greer, SC, 29651
$393,000
For Sale
$393,000
2021-built duplex with two leased 2-bedroom residences, updated finishes, and private backyards.
Property Size2,500 SF
Price / SF$157.20
Days on Market94
Property Features for 115-117 Oak Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 2021
Listing agency
Quartermaster Properties LLC
(843) 971-7977
Listed by
Jason Shamis · License #106126
Source
Compass
Added: Apr 20 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 5:57AM
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 Quartermaster Properties LLC
Investment Insights
Based on property information with market context.
Constructed in 2021 by Apex Development, this like-new duplex offers two spacious 2-bedroom, 2.5-bath residences, each with approximately 1,300 square feet of living space. Both units have been freshly painted and upgraded with newer carpet. Interiors include cultured marble countertops, washer/dryer hookups, and blinds throughout, with private backyard spaces attached to each residence. One unit also includes a stackable washer and dryer that will convey with the property.
The property is located at 115–117 Oak Street in Greer, SC, and is described as less than five minutes from Greer’s downtown district. From there, residents have convenient access to restaurants, boutique shopping, parks, and major commuter routes, supporting everyday livability for tenants.
For investors or owner-operators, this duplex is positioned as a turnkey asset because both units are currently leased, providing immediate rental income. The modern construction and low-maintenance updates may help reduce near-term upkeep while the duplex continues to serve tenants who value functional floorplans and in-home laundry accommodations. This is a straightforward acquisition for buyers seeking a maintained duplex with two income-producing units.
The property is located at 115–117 Oak Street in Greer, SC, and is described as less than five minutes from Greer’s downtown district. From there, residents have convenient access to restaurants, boutique shopping, parks, and major commuter routes, supporting everyday livability for tenants.
For investors or owner-operators, this duplex is positioned as a turnkey asset because both units are currently leased, providing immediate rental income. The modern construction and low-maintenance updates may help reduce near-term upkeep while the duplex continues to serve tenants who value functional floorplans and in-home laundry accommodations. This is a straightforward acquisition for buyers seeking a maintained duplex with two income-producing units.
Key Highlights
- 2021‑built 2‑story duplex with two leased 2‑bedroom, 2.5‑bath residences
- Each unit offers approximately 1,300 sq ft of living space with private backyard space
- Recently updated interiors: freshly painted and newer carpet throughout both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $15.36 |
| − Vacancy | −$2.1k | −$0.84 |
| EGI | $36.3k | $14.52 |
| − OpEx | −$10.9k | −$4.35 |
| NOI | $25.4k | $10.16 |
2,500 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,729 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.07M
$934.6K – $1.25M
NOI $74,771 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 2021-built duplex with two leased 2-bedroom residences, updated finishes, and private backyards.
Where is this duplex located?
The property is located at 115-117 Oak Street Greer, SC.
What is the asking price?
The asking price for this property is $393,000.
What are key features of this property?
This property features: 2021‑built 2‑story duplex with two leased 2‑bedroom, 2.5‑bath residences; Each unit offers approximately 1,300 sq ft of living space with private backyard space; Recently updated interiors: freshly painted and newer carpet throughout both units
