Duplex with Updated
New
For Sale
$235,000
1998 Old Grove Road, Piedmont, SC 29673
Both residences are leased, and the property includes equipped kitchens and a covered front porch.
Property Size1,421 SF
Price / SF$165.38
Days on Market2
Property Features for 1998 Old Grove Road
General Information
Standard status
Active
Size
1,421 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,245
Amenities
covered front porch
Yes
2
No
4
Square Feet
Public
8712
0.2
Two Spaces,Off Street
Crawl Space
1421
Building Details
Building Size
1,421 SF
Year Built
1930
Buildings
1
Stories
1
Listing Agency:
Carolina Moves, LLC
(864) 448-1234
Listed By:
Laura Szabo
(864) 567-3219
Source:
Adlygrouprealty
Added: Oct 30
Last Checked: Oct 30 at 2:13PM
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 1,421-square-foot duplex in Piedmont was built in 1930 and has been remodeled. Improvements include a new roof, septic system, and water heaters. Both residences have equipped kitchens, and a covered front porch provides outdoor space. The property is being sold as-is.
The 0.2-acre property has two off-street parking spaces. Both units are currently leased.
The 0.2-acre property has two off-street parking spaces. Both units are currently leased.
Key Highlights
- Two‑unit duplex with both residences currently leased
- 1,421 square feet on a 0.2‑acre property
- 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.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, and the property includes equipped kitchens and a covered front porch.
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‑unit duplex with both residences currently leased; 1,421 square feet on a 0.2‑acre property; New roof, septic system, and water heaters
