Duplex with Covered
New
For Sale
$235,000
1998 Old Grove Road, Piedmont, SC 29673
Both residences are leased, and the property has a new roof, septic system, and water heaters.
Property Size1,421 SF
Price / SF$165.38
Days on Market5
Property Features for 1998 Old Grove Road
General Information
Standard status
Active
Size
1,421 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,245
Amenities
Yes
2
No
4
Square Feet
Public
8712
0.2
Two Spaces,Off Street
Crawl Space
1421
Building Details
Year Built
1930
Stories
1
Listing Agency:
GreyBeard Realty
(864) 622-1234
Listed By:
Katie Phillips · License #122207
(864) 621-6774
Source:
Cdanjoyner
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 2:40PM
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 GreyBeard Realty
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Investment Insights
Based on property information with market context.
This 1,421-square-foot duplex was built in 1930 and sits on a 0.2-acre lot. The property has a covered front porch, fully equipped kitchens, and flexible floor plans. A new roof, septic system, and water heaters are among the completed upgrades. Both units are leased. The property is being sold in as-is condition.
Key Highlights
- Two leased residential units
- 1,421 square feet on a 0.2‑acre lot
- New roof, septic system, and water heaters
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, and the property has a new roof, septic system, and water heaters.
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: Two leased residential units; 1,421 square feet on a 0.2‑acre lot; New roof, septic system, and water heaters
