Charming Duplex With Private
For Sale
$388,500
Pending
1411 E North Street Unit Unit A and B, Greenville, SC 29607
Two vacant units feature updated kitchens, original hardwood floors, and dedicated parking with private back patios.
Property Size1,708 SF
Days on Market57
Property Features for 1411 E North Street Unit Unit A and B
General Information
Standard status
Pending
Size
1,708 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
Acres: 0.34, Area: 14810.4, Square Feet: 14810.4
Roof: Architectural
Sewer: Public Sewer
Tax Annual Amount: $5,445
Cooling Included, Cooling: Central Forced, Electric
Heating Included, Heating: Forced Air
Contract Status Change Date: 2026-09-08, Listing Terms: None, Standard Status: Active Under Contract
Parking Features: One Space
Elementary School: East North St, Middle Or Junior School: Greenville, High School: Greenville
2 total bedrooms
Building Area Total: 1708, Built in 1964, Construction Materials: Vinyl Siding, Levels: One, Stories: 1
City: Greenville, County Or Parish: Greenville, MLS Area Major: 071, Postal Code: 29607, State Or Province: SC, Subdivision Name: Overbrook
Number Of Units Total: 2, Parcel Number: 0190000301400, Property Condition: 50+, Property Sub Type: Duplex
2 full bathrooms, 2 total bathrooms
Water Source: Public
Foundation Details: Basement
Patio And Porch Features: Unit 1: Deck, Porch-Front, Unit 2: Deck, Porch-Front
Appliances: Electric Water Heater
Building Details
Building Size
1,708 SF
Year Built
1964
Tenancy
Multi
Listing Agency:
BHHS C Dan Joyner - Augusta Rd
(864) 241-2880
Listed By:
Charee D Mcconchie
(864) 419-4554
Source:
Blackstreaminternational
Added: Jul 17
Changed: Sep 10
Last Checked: Sep 11 at 8:29AM
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 BHHS C Dan Joyner - Augusta Rd
Investment Insights
Based on property information with market context.
This duplex offers two separate, currently vacant units with original hardwood floors and updated kitchens. The property includes a welcoming rocking-chair front porch, and each unit has its own dedicated parking space and private back patio for outdoor space. One unit also features a classic clawfoot tub, adding a distinctive period detail.
Located at 1411 E North Street (Units A and B) in Greenville, SC, the duplex is described as being in the heart of Historic Overbrook and within walking distance of popular restaurants and local shops.
With both units available immediately, the layout supports a range of occupancy and customization plans from day one.
Located at 1411 E North Street (Units A and B) in Greenville, SC, the duplex is described as being in the heart of Historic Overbrook and within walking distance of popular restaurants and local shops.
With both units available immediately, the layout supports a range of occupancy and customization plans from day one.
Key Highlights
- 1964 duplex with both units currently vacant
- Each unit has its own dedicated parking space and a private back patio
- Original hardwood floors in the duplex
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
$17,354
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
4.47%
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%
$347,080
$347.1K
Cap Rate 7%
$247,914
$247.9K
Cap Rate 9%
$192,822
$192.8K
Market Conditions
NOI Build-Up for 1,708 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
$26.2K $15.36/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$24.8K $14.52/SF
− OpEx
−$7.4K −$4.35/SF
NOI
$17.4K $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%
$347,080
Cap Rate 7%
$247,914
Cap Rate 9%
$192,822
Alternative Uses
Best Use
Multifamily LT 5
$247.9K
$216.9K – $289.2K
NOI $17,354 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$221.8K
$194.1K – $258.8K
NOI $15,528 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$729.8K
$638.5K – $851.4K
NOI $51,083 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 29607, SC
44,216
Population
22,288
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
1,525
Density / Sq Mi
$69,249
Median Household Income
$46,549
Median Earnings
$1,339
Median Rent
$315,100
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 - Two vacant units feature updated kitchens, original hardwood floors, and dedicated parking with private back patios.
Where is this duplex located?
The property is located at 1411 E North Street Unit Unit A and B Greenville, SC.
What is the asking price?
The asking price for this property is $388,500.
What are key features of this property?
This property features: 1964 duplex with both units currently vacant; Each unit has its own dedicated parking space and a private back patio; Original hardwood floors in the duplex
