Updated Duplex with Two
For Sale
$315,000
2 Sunnydale Dr, Greenville, SC 29609
One residence is vacant, while the other is occupied by long-term tenants.
Property Size1,050 SF
Price / SF$300
Days on Market52
Property Features for 2 Sunnydale Dr
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Listing Agency:
Open House Realty, LLC
Listed By:
Michael Clayton · License #61939
(864) 235-5600
Source:
Greenvilleheartproperties
Added: Aug 26
Changed: Oct 2
Last Checked: Oct 15 at 12:12AM
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 Open House Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex includes two separate homes. One residence is vacant and features refreshed flooring plus a fully updated bathroom with tile flooring and a stand-up shower. Its heat pump was installed in 2023. The second home is occupied by long-term tenants who have maintained the property.
The property is situated in Greenville near downtown, schools, and shopping. The large lot provides additional outdoor space and is positioned within an established residential setting. Built in 1980, the property offers a combination of recent interior improvements, existing occupancy, and a second residence available for immediate use or leasing.
The property is situated in Greenville near downtown, schools, and shopping. The large lot provides additional outdoor space and is positioned within an established residential setting. Built in 1980, the property offers a combination of recent interior improvements, existing occupancy, and a second residence available for immediate use or leasing.
Key Highlights
- Two‑home duplex configuration
- Vacant residence with updated flooring and renovated bathroom
- Bathroom includes tile flooring and a stand‑up shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,669
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,380
$213.4K
Cap Rate 7%
$152,414
$152.4K
Cap Rate 9%
$118,544
$118.5K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$16.1K $15.36/SF
− Vacancy
−$887 −$0.84/SF
EGI
$15.2K $14.52/SF
− OpEx
−$4.6K −$4.35/SF
NOI
$10.7K $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%
$213,380
Cap Rate 7%
$152,414
Cap Rate 9%
$118,544
Alternative Uses
Best Use
Multifamily LT 5
$152.4K
$133.4K – $177.8K
NOI $10,669 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$136.4K
$119.3K – $159.1K
NOI $9,546 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$448.6K
$392.6K – $523.4K
NOI $31,404 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
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Business Placement
Demographics for 29609, SC
31,547
Population
14,840
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
89%
High-School Grad
24.3 sq mi
ZIP Area
1,298
Density / Sq Mi
$64,837
Median Household Income
$42,293
Median Earnings
$1,078
Median Rent
$303,800
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 - One residence is vacant, while the other is occupied by long-term tenants.
Where is this duplex located?
The property is located at 2 Sunnydale Dr Greenville, SC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑home duplex configuration; Vacant residence with updated flooring and renovated bathroom; Bathroom includes tile flooring and a stand‑up shower
