Brick Duplex with Central
For Sale
$258,000
14 Green Acres Cr, Ware Shoals, SC 29692
MULTI_FAMILY - Ware Shoals, SC
Property Size1,772 SF
Lot Size0.86 Acres
Price / SF$145.60
Days on Market48
Property Features for 14 Green Acres Cr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
Subdivision
GREEN ACRES
Standard status
Active
Size
1,772 SF
Lot size
0.86 Acres
Utilities
Cooling system
Central Air, Multi Units
Amenities
hardwood floors
functional layouts
spacious quiet yard
children's playset
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Greenwood Realty Inc.
(864) 388-0202
Listed By:
Candace Adams · License #130564
(864) 971-2396
Added: Jun 27
Changed: Aug 1
Last Checked: Aug 13 at 8:06AM
MLS# 140125
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex at 14 Green Acres Ct offers two residential units with individual utility metering and a low-maintenance profile. The property was built in 1958 and totals 1,772 square feet, with a composition roof and central air conditioning serving the multi-unit layout. Each unit has its own electric and natural gas meter, with tenants responsible for those utilities. The seller also notes recent new plumbing, and the interior includes hardwood floors throughout. Outside, there is a spacious, quiet yard with a children’s playset.
The duplex is described as fully leased with stable tenancy. The seller reports a capitalization rate exceeding 9%. Water service is noted as being provided through the Town of Ware Shoals.
For investors or owner-occupants, this configuration supports a live-in-and-rent dynamic by pairing one unit with rental income from the other unit. The property is also presented as a potential fit for DSCR (debt service coverage ratio) financing based on the property’s income potential, with buyers advised to verify all financial information independently.
The duplex is described as fully leased with stable tenancy. The seller reports a capitalization rate exceeding 9%. Water service is noted as being provided through the Town of Ware Shoals.
For investors or owner-occupants, this configuration supports a live-in-and-rent dynamic by pairing one unit with rental income from the other unit. The property is also presented as a potential fit for DSCR (debt service coverage ratio) financing based on the property’s income potential, with buyers advised to verify all financial information independently.
Key Highlights
- 0.86‑acre lot with a 1,772‑square‑foot duplex built in 1958
- Brick construction with central air and a composition roof
- Each unit has its own electric and natural gas meter; tenants pay those utilities
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
$8,743
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
3.39%
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%
$174,860
$174.9K
Cap Rate 7%
$124,900
$124.9K
Cap Rate 9%
$97,144
$97.1K
Market Conditions
NOI Build-Up for 1,772 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
$18.1K $10.20/SF
− Vacancy
−$5.6K −$3.15/SF
EGI
$12.5K $7.05/SF
− OpEx
−$3.7K −$2.11/SF
NOI
$8.7K $4.93/SF
Area
Greenwood County, SC
Vacancy
30.90%
Lease Rate
$10.20 /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%
$174,860
Cap Rate 7%
$124,900
Cap Rate 9%
$97,144
Alternative Uses
Best Use
Multifamily LT 5
$124.9K
$109.3K – $145.7K
NOI $8,743 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$86.9K
$76.0K – $101.4K
NOI $6,081 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 29692, SC
4,602
Population
2,630
Households
1.7
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
48.6 sq mi
ZIP Area
95
Density / Sq Mi
$42,533
Median Household Income
$32,128
Median Earnings
$744
Median Rent
$95,200
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 - Brick duplex on a 0.86-acre lot with central air, composition roof, and separate utility meters for each unit.
Where is this duplex located?
The property is located at 14 Green Acres Cr Ware Shoals, SC.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 0.86‑acre lot with a 1,772‑square‑foot duplex built in 1958; Brick construction with central air and a composition roof; Each unit has its own electric and natural gas meter; tenants pay those utilities
