Duplex with Two 3-Bedroom
For Sale
$550,000
211 Montana Street, Greenville, SC 29611
Two separate homes combine open living areas, durable finishes, and convenient access to Downtown Greenville.
Property Size3,182 SF
Price / SF$172.85
Days on Market199
Property Features for 211 Montana Street
General Information
Standard status
Active
Size
3,182 SF
Property subtype
Multi-Family / Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$381
Amenities
Electric
Central Forced
Forced Air
Architectural
2
Public
Concrete Plank
Building Details
Year Built
2026
Listing Agency:
EZ Sells It LLC
(864) 706-1379
Listed By:
Elizabeth Billings · License #107768
(864) 706-1379
Source:
Compass
Added: Feb 14
Changed: Aug 31
Last Checked: Aug 31 at 10:24PM
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 EZ Sells It LLC
Investment Insights
Based on property information with market context.
This 2026 duplex contains two residential units totaling 3,182 square feet. Each unit offers 3 bedrooms and 2.5 bathrooms, with approximately 1,580 square feet in Unit A and 1,602 square feet in Unit B. Both residences feature open-concept living areas, a primary bedroom and full bathroom on the main level, additional bedrooms upstairs, and practical storage. Interior finishes include luxury vinyl plank flooring, quartz countertops in the main living areas, and tile flooring in the primary bathrooms.
The exterior uses concrete plank siding and Low-E windows, while electric service and central forced-air systems serve the property. Located in Greenville’s established City View neighborhood, the duplex is 1.4 miles from Downtown Greenville. The two-unit layout supports separate occupancy, including the option to occupy one residence while leasing the other.
The exterior uses concrete plank siding and Low-E windows, while electric service and central forced-air systems serve the property. Located in Greenville’s established City View neighborhood, the duplex is 1.4 miles from Downtown Greenville. The two-unit layout supports separate occupancy, including the option to occupy one residence while leasing the other.
Key Highlights
- Two‑unit duplex with 3,182 square feet total
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Unit A is approximately 1,580 square feet; Unit B is approximately 1,602 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,331
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,620
$646.6K
Cap Rate 7%
$461,871
$461.9K
Cap Rate 9%
$359,233
$359.2K
Market Conditions
NOI Build-Up for 3,182 SF
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.
Gross rent
$48.9K $15.36/SF
− Vacancy
−$2.7K −$0.84/SF
EGI
$46.2K $14.52/SF
− OpEx
−$13.9K −$4.35/SF
NOI
$32.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,620
Cap Rate 7%
$461,871
Cap Rate 9%
$359,233
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.1K – $538.9K
NOI $32,331 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$413.3K
$361.6K – $482.2K
NOI $28,929 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,168 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 29611, SC
32,413
Population
14,620
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
78%
High-School Grad
23.9 sq mi
ZIP Area
1,356
Density / Sq Mi
$47,046
Median Household Income
$32,272
Median Earnings
$1,092
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes combine open living areas, durable finishes, and convenient access to Downtown Greenville.
Where is this duplex located?
The property is located at 211 Montana Street Greenville, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,182 square feet total; Each unit includes 3 bedrooms and 2.5 bathrooms; Unit A is approximately 1,580 square feet; Unit B is approximately 1,602 square feet
