Duplex with Covered
For Sale
$235,000
1998 Old Grove Road, Piedmont, SC 29673
Both residences are leased, and each has an equipped kitchen.
Property Size1,421 SF
Days on Market8
Property Features for 1998 Old Grove Road
General Information
Standard status
Active
Size
1,421 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
covered front porch
Acres: 0.2, Area: 8712, Square Feet: 8712
Roof: Composition
Sewer: Septic Tank, Private Sewer
Tax Annual Amount: $2,245
Cooling Included, Cooling: Central Forced, Electric
Heating Included, Heating: Electric, Heat Pump, Hot Water
Contract Status Change Date: 2026-10-30, Listing Terms: None, Standard Status: Active
Parking Features: Two Spaces, Off Street
Elementary School: Grove, Middle Or Junior School: Woodmont, High School: Woodmont
4 total bedrooms
Building Area Total: 1421, Built in 1930, Construction Materials: Vinyl Siding, Levels: One, Stories: 1
City: Piedmont, County Or Parish: Greenville, MLS Area Major: 050, Postal Code: 29673, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: 0601010101400, Property Condition: 50+, Property Sub Type: Duplex
2 full bathrooms, 2 total bathrooms
Water Source: Public
Foundation Details: Crawl Space
Patio And Porch Features: Unit 1: Porch-Front, Unit 2: Porch-Front
Appliances: Electric Water Heater, Water Heater
Building Details
Building Size
1,421 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Carolina Moves, LLC
(864) 448-1234
Listed By:
Laura Szabo
(864) 567-3219
Source:
Blackstreaminternational
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 4 at 4:42PM
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
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Investment Insights
Based on property information with market context.
This duplex dates to 1930 and has undergone remodeling, with a new roof, septic system, and water heaters. Both units include equipped kitchens, and the property also has a covered front porch. The floor plans provide flexibility, though the specific layouts are not detailed.
Both residences are currently leased. The property is offered in as-is condition.
Both residences are currently leased. The property is offered in as-is condition.
Key Highlights
- Both units are currently leased
- New roof, septic system, and water heaters
- Equipped kitchens in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,438
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,760
$288.8K
Cap Rate 7%
$206,257
$206.3K
Cap Rate 9%
$160,422
$160.4K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$21.8K $15.36/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$20.6K $14.52/SF
− OpEx
−$6.2K −$4.35/SF
NOI
$14.4K $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 Rate 5%
$288,760
Cap Rate 7%
$206,257
Cap Rate 9%
$160,422
Alternative Uses
Best Use
Multifamily LT 5
$206.3K
$180.5K – $240.6K
NOI $14,438 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$607.1K
$531.3K – $708.3K
NOI $42,500 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
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Business Placement
Demographics for 29673, SC
29,898
Population
12,585
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
87%
High-School Grad
70.6 sq mi
ZIP Area
423
Density / Sq Mi
$69,630
Median Household Income
$42,742
Median Earnings
$1,024
Median Rent
$225,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Greenville County, SC
Properties on Market for Duplexes in Greenville County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, and each has an equipped kitchen.
Where is this duplex located?
The property is located at 1998 Old Grove Road Piedmont, SC.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Both units are currently leased; New roof, septic system, and water heaters; Equipped kitchens in both units
