Duplex with Multiple
For Sale
$550,000
1514 Clement Road, Greer, SC 29650
Ranch-style duplex offering separate living areas, finished sunroom, and flexible space for extended household use.
Property Size2,762 SF
Price / SF$199.13
Days on Market235
Property Features for 1514 Clement Road
General Information
Standard status
Active
Size
2,762 SF
Property subtype
Multi-Family / Duplex
Taxes and HOA fees
Annual Taxes
$14
Amenities
Electric, Multiple Units
Central Forced, Electric, Multi-Units
Forced Air, Natural Gas, Wood
Architectural
1
Private
Vinyl Siding
Building Details
Year Built
1987
Listing Agency:
Expert Real Estate Team
(864) 895-9791
Listed By:
LeAnne Carswell · License #SOUTHCAROLINA5561
Source:
Compass
Added: Jan 7
Changed: Aug 29
Last Checked: Aug 29 at 5:33PM
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 Expert Real Estate Team
Investment Insights
Based on property information with market context.
This 2,762-square-foot ranch-style duplex on 2.53 acres includes separate kitchen, laundry, and living areas that support distinct household arrangements. Interior features include a vaulted, beamed living-room ceiling, wood-burning stove, stone hearth, and a heated, finished glassed-in sunroom. The property also provides a 2-car attached garage, 2-car detached garage, and an additional 1-car building.
Located at 1514 Clement Road in Greer, South Carolina, the property has no HOA or stated restrictions. Updates include windows from 2015, a roof installed in March 2017, HVAC from 2017, and a whole-house generator added in June 2025. The exterior has vinyl siding and private outdoor space.
Located at 1514 Clement Road in Greer, South Carolina, the property has no HOA or stated restrictions. Updates include windows from 2015, a roof installed in March 2017, HVAC from 2017, and a whole-house generator added in June 2025. The exterior has vinyl siding and private outdoor space.
Key Highlights
- 2.53‑acre duplex property at 1514 Clement Road, Greer, SC 29650
- 2762 SF ranch‑style layout with separate kitchen, laundry, and living areas
- 2‑car attached garage, 2‑car detached garage, and 1‑car building
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
$28,064
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%
$561,280
$561.3K
Cap Rate 7%
$400,914
$400.9K
Cap Rate 9%
$311,822
$311.8K
Market Conditions
NOI Build-Up for 2,762 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
$42.4K $15.36/SF
− Vacancy
−$2.3K −$0.84/SF
EGI
$40.1K $14.52/SF
− OpEx
−$12.0K −$4.35/SF
NOI
$28.1K $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%
$561,280
Cap Rate 7%
$400,914
Cap Rate 9%
$311,822
Alternative Uses
Best Use
Multifamily LT 5
$400.9K
$350.8K – $467.7K
NOI $28,064 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$358.7K
$313.9K – $418.5K
NOI $25,111 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,607 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 29650, SC
38,721
Population
17,048
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,151
Density / Sq Mi
$91,640
Median Household Income
$49,567
Median Earnings
$1,344
Median Rent
$332,300
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 - Ranch-style duplex offering separate living areas, finished sunroom, and flexible space for extended household use.
Where is this duplex located?
The property is located at 1514 Clement Road Greer, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2.53‑acre duplex property at 1514 Clement Road, Greer, SC 29650; 2762 SF ranch‑style layout with separate kitchen, laundry, and living areas; 2‑car attached garage, 2‑car detached garage, and 1‑car building
