New Construction
For Sale
$364,000
119-121 Cannon Street, Woodruff, SC 29388
Two-level units offer modern kitchens, private laundry hookups, and separate utility meters.
Property Size2,662 SF
Days on Market237
Property Features for 119-121 Cannon Street
General Information
Standard status
Active
Size
2,662 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
Electric
Central Forced
Electric Water Heater
Architectural
Building Details
Building Size
2,662 SF
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
Keller Williams Greenville Central
Listed By:
Santiago Hernandez
(864) 400-4100
Source:
Kw
Added: Feb 20
Changed: Oct 15
Last Checked: Oct 14 at 9:38PM
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 Keller Williams Greenville Central
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2025, this duplex at 119-121 Cannon Street includes two residences, each with three bedrooms and two-and-a-half bathrooms. Both units offer open-concept living areas, modern kitchens with granite countertops, soft-close cabinetry, and stainless steel appliances. Luxury vinyl plank flooring extends across both levels, while primary bedrooms include private en-suite bathrooms. Each residence also has a dedicated laundry area with hookups, separate utility metering, and parking for at least two vehicles.
The property is located just off Main Street in Woodruff, near Woodruff High School and local dining and coffee destinations including Claudio's Bistro, Conner Flynn's Public House, and Humble Grounds. Access to I-26 supports connectivity for regional commuting.
The property is located just off Main Street in Woodruff, near Woodruff High School and local dining and coffee destinations including Claudio's Bistro, Conner Flynn's Public House, and Humble Grounds. Access to I-26 supports connectivity for regional commuting.
Key Highlights
- 2025‑built duplex with two 3‑bedroom, 2.5‑bath units
- Open‑concept interiors with kitchens featuring granite countertops and stainless steel appliances
- Luxury vinyl plank flooring installed throughout both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,792
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,840
$475.8K
Cap Rate 7%
$339,886
$339.9K
Cap Rate 9%
$264,356
$264.4K
Market Conditions
NOI Build-Up for 2,662 SF
Gross rent
$35.8K $13.44/SF
− Vacancy
−$1.8K −$0.67/SF
EGI
$34.0K $12.77/SF
− OpEx
−$10.2K −$3.83/SF
NOI
$23.8K $8.94/SF
Area
Spartanburg County, SC
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,840
Cap Rate 7%
$339,886
Cap Rate 9%
$264,356
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.5K
NOI $23,792 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$313.1K
$274.0K – $365.3K
NOI $21,916 @ 7.0% cap · market cap 6.02%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,660 @ 7.0% cap · market cap 39.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 29388, SC
16,017
Population
7,466
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
97.2 sq mi
ZIP Area
165
Density / Sq Mi
$77,197
Median Household Income
$44,428
Median Earnings
$848
Median Rent
$216,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level units offer modern kitchens, private laundry hookups, and separate utility meters.
Where is this duplex located?
The property is located at 119-121 Cannon Street Woodruff, SC.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: 2025‑built duplex with two 3‑bedroom, 2.5‑bath units; Open‑concept interiors with kitchens featuring granite countertops and stainless steel appliances; Luxury vinyl plank flooring installed throughout both levels
