Remodeled Duplex Near Downtown
1998 Old Grove Road Piedmont, SC 29673
For Sale
$240,000
Fully remodeled duplex with immediate rental income potential.
Property Size1,421 SF
Price / SF$168.90
Days on Market114
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 Agency:
Carolina Moves, LLC
(864) 918-3325
Listed By:
Laura Szabo
Source:
Compass
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 25 at 12:30PM
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.
Located minutes from downtown Greenville, the property at 1998 Old Grove Rd is a fully remodeled duplex. The property has undergone major upgrades, including a new roof, a new septic system, and new water heaters. A covered front porch enhances the property's curb appeal and provides outdoor living space. The duplex features flexible floor plans that offer versatile living options. The kitchens are fully equipped. Both units are currently leased, providing immediate rental income. The property size is 1421 square feet. The property is being sold in as-is condition.
Key Highlights
- Fully remodeled duplex with major upgrades
- New roof, septic system, and water heaters installed
- Minutes from downtown Greenville
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 |
1,421 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$206.3K
$180.5K – $240.6K
NOI $14,438 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$607.1K
$531.3K – $708.3K
NOI $42,500 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully remodeled duplex with immediate rental income potential.
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 $240,000.
What are key features of this property?
This property features: Fully remodeled duplex with major upgrades; New roof, septic system, and water heaters installed; Minutes from downtown Greenville
