New Construction
For Sale
$519,900
17A/17B Belle Court, Greenville, SC 29605
MULTIFAMILY, Greenville, SC
Property Size2,400 SF
Lot Size0.25 Acres
Price / SF$216.63
Days on Market92
Property Features for 17A/17B Belle Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 6
Elementary school
10-Welcome Elementary
Middle school
10-Tanglewood Middle
High school
10-Wade Hamption
Elementary school district
10 (Greenville)
Middle school district
10 (Greenville)
High school district
10 (Greenville)
Directions
Driving on I-85, take exit 46 C-A onto Augusta Rd, SC 291. Keep left onto Augusta Rd. Keep right onto SC-291 S toward Augusta rd. Turn right onto E Fairfield rd. Turn right onto Cambridge dr. Turn left onto Belle ct. Destination is straight ahead.
Subdivision
Greenville
Standard status
Active
Size
2,400 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Ponce Realty Group
(864) 285-4445
Listed By:
Iulia Kisel · License #140680
(916) 849-4919
Added: May 23
Changed: Aug 20
Last Checked: Aug 22 at 4:06AM
MLS# 337506
Copyright © 2026 Spartanburg Association of REALTORS, Inc. 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.
Under-construction duplex at 17A/17B Belle Court, Greenville, SC, with a planned 2026 completion. The property contains 2,400 square feet across two residences, with each unit offering 3 bedrooms, 2 full bathrooms, 1,200 sq ft, and an open-concept arrangement. Interior specifications include modern finishes and quartz countertops. The site encompasses 0.25 acres and is designed for residential occupancy in a two-unit configuration.
Public water and public sewer serve the property, with a composition roof specified. The address is a few miles from downtown Greenville, Unity Park, shopping centers, and coffee shops. The layout supports an owner-occupancy arrangement with a second unit or operation as a duplex rental property, as described in the listing information.
Public water and public sewer serve the property, with a composition roof specified. The address is a few miles from downtown Greenville, Unity Park, shopping centers, and coffee shops. The layout supports an owner-occupancy arrangement with a second unit or operation as a duplex rental property, as described in the listing information.
Key Highlights
- Two‑unit duplex at 17A/17B Belle Court, Greenville, SC 29605
- 2,400 square feet on a 0.25‑acre site
- Each unit includes 3 bedrooms, 2 full bathrooms, and 1,200 sq ft
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
$24,386
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
4.69%
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%
$487,720
$487.7K
Cap Rate 7%
$348,371
$348.4K
Cap Rate 9%
$270,956
$271.0K
Market Conditions
NOI Build-Up for 2,400 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
$36.9K $15.36/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$34.8K $14.52/SF
− OpEx
−$10.5K −$4.35/SF
NOI
$24.4K $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%
$487,720
Cap Rate 7%
$348,371
Cap Rate 9%
$270,956
Alternative Uses
Best Use
Multifamily LT 5
$348.4K
$304.8K – $406.4K
NOI $24,386 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$311.7K
$272.8K – $363.7K
NOI $21,820 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.03M
$897.3K – $1.20M
NOI $71,780 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 29605, SC
36,970
Population
17,013
Households
2.2
Avg Household Size
37
Median Age
34%
College-Educated
86%
High-School Grad
24.8 sq mi
ZIP Area
1,491
Density / Sq Mi
$63,717
Median Household Income
$39,518
Median Earnings
$1,049
Median Rent
$228,300
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 - Two three-bedroom residences feature open layouts, contemporary interiors, and quartz countertops.
Where is this duplex located?
The property is located at 17A/17B Belle Court Greenville, SC.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑unit duplex at 17A/17B Belle Court, Greenville, SC 29605; 2,400 square feet on a 0.25‑acre site; Each unit includes 3 bedrooms, 2 full bathrooms, and 1,200 sq ft
