Updated Duplex Income
For Sale
$334,900
Pending
130 Pleasant Drive, Mauldin, SC 29662
Fully occupied duplex with private rear patios and extensively renovated interiors across both units.
Property Size1,680 SF
Days on Market54
Property Features for 130 Pleasant Drive
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Duplex
Amenities
Acres: 0.62, Area: 27007.2, Square Feet: 27007.2
Roof: Architectural
Sewer: Public Sewer
Tax Annual Amount: $3,717
Cooling Included, Cooling: Central Forced, Electric
Heating Included, Heating: Electric, Forced Air
Contract Status Change Date: 2026-08-06, Listing Terms: None, Standard Status: Active Under Contract
Open Parking, Parking Features: Paved
Elementary School: Bethel, Middle Or Junior School: Mauldin, High School: Mauldin
4 total bedrooms
Building Area Total: 1680, Built in 1962, Construction Materials: Brick Veneer, Levels: One, Stories: 1
City: Mauldin, County Or Parish: Greenville, MLS Area Major: 030, Postal Code: 29662, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: M003.0101061.00, Property Condition: 50+, Property Sub Type: Duplex
2 full bathrooms, 2 total bathrooms
Water Source: Public
Foundation Details: Slab
Appliances: Electric Water Heater
Building Details
Building Size
1,680 SF
Year Built
1962
Listing Agency:
North Group Real Estate
(864) 777-3021
Listed By:
Kevin Wells
(864) 430-2451
Source:
Blackstreaminternational
Added: Jul 22
Changed: Sep 12
Last Checked: Sep 13 at 10:26AM
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 North Group Real Estate
Investment Insights
Based on property information with market context.
This updated duplex investment property is fully occupied and designed for straightforward rental management. Each side offers two bedrooms and one full bathroom, with renovated bathroom finishes and a private rear patio. Updates also include new appliances such as a refrigerator and oven/range, along with new fans and light fixtures, updated flooring and carpeting, and sliding barn doors. The kitchens feature distinct finishes between the two units.
Unit A includes an entirely renovated kitchen, porcelain tile flooring, and new carpet. Unit B offers luxury vinyl flooring, recently cleaned carpet, and a new HVAC system.
The property is conveniently located near I-385, Downtown Greenville, shopping, dining, and employment centers.
Unit A includes an entirely renovated kitchen, porcelain tile flooring, and new carpet. Unit B offers luxury vinyl flooring, recently cleaned carpet, and a new HVAC system.
The property is conveniently located near I-385, Downtown Greenville, shopping, dining, and employment centers.
Key Highlights
- Fully occupied 1962 duplex with combined rental income of $2,400/month
- Each unit offers 2 bedrooms and 1 full bathroom, with a completely renovated bathroom
- Renovations include new refrigerator and oven/range, plus new fans and light fixtures
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
$17,070
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
5.10%
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%
$341,400
$341.4K
Cap Rate 7%
$243,857
$243.9K
Cap Rate 9%
$189,667
$189.7K
Market Conditions
NOI Build-Up for 1,680 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
$25.8K $15.36/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$24.4K $14.52/SF
− OpEx
−$7.3K −$4.35/SF
NOI
$17.1K $10.16/SF
Area
Greenville County, SC
Vacancy
5.50%
Lease Rate
$15.36 /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%
$341,400
Cap Rate 7%
$243,857
Cap Rate 9%
$189,667
Alternative Uses
Best Use
Multifamily LT 5
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$218.2K
$190.9K – $254.6K
NOI $15,274 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$717.8K
$628.1K – $837.4K
NOI $50,246 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
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Business Placement
Demographics for 29662, SC
14,812
Population
6,512
Households
2.3
Avg Household Size
39
Median Age
35%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
2,693
Density / Sq Mi
$80,594
Median Household Income
$50,269
Median Earnings
$1,342
Median Rent
$229,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with private rear patios and extensively renovated interiors across both units.
Where is this duplex located?
The property is located at 130 Pleasant Drive Mauldin, SC.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Fully occupied 1962 duplex with combined rental income of $2,400/month; Each unit offers 2 bedrooms and 1 full bathroom, with a completely renovated bathroom; Renovations include new refrigerator and oven/range, plus new fans and light fixtures
