Greenwood Triplex with Recent
215 Grace Street Greenwood, SC 29649
215 Grace Street, Greenwood, SC, 29649
$298,000
For Sale
$298,000
MULTI_FAMILY - Greenwood, SC
Property Size3,200 SF
Price / SF$93.13
Days on Market193
Property Features for 215 Grace Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Standard status
- Active
- Size
- 3,200 SF
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Electric
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
Listing Agency
RE/MAX ACTION REALTY
(864) 942-0021
500-B Montague Ave, Greenwood, SC
Listed by
J.R. McCravy
(864) 554-3807
Added: Jan 8 Checked: Jul 20 at 10:06 am
MLS# 135055
Listing URL
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing triplex is located in the Grace St. district of Greenwood, South Carolina. The property offers convenient access to Uptown Greenwood, making it suitable for students, medical professionals, and others seeking proximity to the city center. The property has 3 units, all of which have been recently remodeled. Updates and repairs have been made, including a new roof, new water heaters, and some siding replacement. The property provides ample parking and is within walking distance of Uptown amenities. The building has a total size of 3200 square feet.
Key Highlights
- Multifamily with 3 units; all 3 units have had recent remodeling
- Recent exterior and systems updates include a new roof and new water heaters
- Some siding replacement completed, along with other updates and repairs
Local 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 | $32.6k | $10.20 |
| − Vacancy | −$10.1k | −$3.15 |
| EGI | $22.6k | $7.05 |
| − OpEx | −$6.8k | −$2.11 |
| NOI | $15.8k | $4.93 |
3,200 SF · lease $10.20/SF/yr · vacancy 30.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.5K
$197.4K – $263.1K
NOI $15,788 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$156.9K
$137.3K – $183.0K
NOI $10,981 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.01M
$879.6K – $1.17M
NOI $70,367 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Income-producing triplex in Greenwood's Grace St. district, near Uptown.
Where is this triplex located?
The property is located at 215 Grace Street Greenwood, SC.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Multifamily with 3 units; all 3 units have had recent remodeling; Recent exterior and systems updates include a new roof and new water heaters; Some siding replacement completed, along with other updates and repairs
