Renovated 12-Unit Multifamily
664-666 S Liberty St - 425 Arch St - 22 Maple St Spartanburg Greenville, SC 29306
New
For Sale
$1,250,000
12-unit multifamily portfolio renovated in 2022 and offered with 100% occupancy under General Residential R-6 zoning.
Days on Market5
Property Features for 664-666 S Liberty St - 425 Arch St - 22 Maple St Spartanburg
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
SVN | Palmetto
Listed By:
Juan Ramos · License #136539
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:49AM
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 SVN | Palmetto
Investment Insights
Based on property information with market context.
This offering is a 12-unit multifamily portfolio comprising properties at 22 Maple Street and 664–666 S Liberty St and 425 Arch St. The buildings include a mix of residential income units and were renovated in 2022. Construction dates are noted as 1965, with recent updates described as bringing modern amenities alongside the property’s historical appeal.
The portfolio is positioned across two Upstate markets, with the Greenville component located near Downtown Greenville and nearby destinations including North Main, Unity Park, and the Swamp Rabbit Trail. The Spartanburg component is described as being near the Project Core development and Fifth Third Park.
The property is identified with General Residential R-6 zoning, which is presented as providing flexibility. Public remarks also state a 100% occupancy rate at the time of listing.
The portfolio is positioned across two Upstate markets, with the Greenville component located near Downtown Greenville and nearby destinations including North Main, Unity Park, and the Swamp Rabbit Trail. The Spartanburg component is described as being near the Project Core development and Fifth Third Park.
The property is identified with General Residential R-6 zoning, which is presented as providing flexibility. Public remarks also state a 100% occupancy rate at the time of listing.
Key Highlights
- 12‑unit multifamily portfolio renovated in 2022, offered with 100% occupancy
- General Residential R‑6 zoning provides flexibility for a 12‑unit multifamily portfolio
- Portfolio includes assets in Greenville and Spartanburg, with one property listed as 22 Maple Street in Greenville
Financial Insights For Apartment 5plus
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 | $109.6k | $17.40 |
| − Vacancy | −$5.5k | −$0.87 |
| EGI | $104.1k | $16.53 |
| − OpEx | −$46.9k | −$7.44 |
| NOI | $57.3k | $9.09 |
6,300 SF · lease $17.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$818.2K
$716.0K – $954.6K
NOI $57,276 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,422 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit multifamily portfolio renovated in 2022 and offered with 100% occupancy under General Residential R-6 zoning.
Where is this apartment building located?
The property is located at 664-666 S Liberty St - 425 Arch St - 22 Maple St Spartanburg Greenville, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 12‑unit multifamily portfolio renovated in 2022, offered with 100% occupancy; General Residential R‑6 zoning provides flexibility for a 12‑unit multifamily portfolio; Portfolio includes assets in Greenville and Spartanburg, with one property listed as 22 Maple Street in Greenville
