1998 Old Grove Road Piedmont, SC 29673
Fully remodeled duplex with immediate rental income potential.
Property Features for 1998 Old Grove Road
General Information
- Standard status
- Active
- Size
- 1,421 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing office Carolina Moves, LLC (864) 918-3325
Listing date Apr 3, 2026
Source Compass
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 Carolina Moves, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Fully remodeled duplex with major upgrades
- New roof, septic system, and water heaters installed
- Minutes from downtown Greenville
Local Financial Insights For Multifamily LT 5
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 | $21.8k | $15.36 |
| − Vacancy | −$1.2k | −$0.84 |
| EGI | $20.6k | $14.52 |
| − OpEx | −$6.2k | −$4.35 |
| NOI | $14.4k | $10.16 |
