New Construction
New
For Sale
$750,000
215 Whatley Circle, Mauldin, SC 29662
Two-unit property with open layouts, contemporary finishes, and a main-level bedroom and full bathroom in each unit.
Property Size3,568 SF
Days on Market6
Property Features for 215 Whatley Circle
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
fenced backyard
Acres: 0.38, Area: 16552.8, Dimensions: 0.38, Square Feet: 16552.8
Roof: Architectural, Composition
Sewer: Public Sewer
Tax Annual Amount: $898
Cooling Included, Cooling: Central Forced, Electric
Heating Included, Heating: Electric
Contract Status Change Date: 2026-08-06, Listing Terms: Owner May Carry, Standard Status: Active
Parking Features: One Space
Elementary School: Greenbrier, Middle Or Junior School: Mauldin, High School: Mauldin
6 total bedrooms
Building Area Total: 3568, Built in 2026, Construction Materials: Hardboard Siding, Levels: Two, New Construction, Stories: 2
City: Mauldin, County Or Parish: Greenville, MLS Area Major: 030, Postal Code: 29662, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: M006020100602, Property Condition: New Construction, Property Sub Type: Duplex
4 full bathrooms, 2 half bathrooms, 6 total bathrooms
Water Source: Public
Foundation Details: Slab
Patio And Porch Features: Unit 1: Porch-Front, Unit 2: Porch-Front
Appliances: Electric Water Heater
Building Details
Building Size
3,568 SF
Year Built
2026
Buildings
1
Listing Agency:
Realty One Group Freedom
(786) 305-1329
Listed By:
Annedy Pinto
(786) 305-1329
Source:
Blackstreaminternational
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 9:04AM
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 Realty One Group Freedom
Investment Insights
Based on property information with market context.
This two-unit residential property at 215 Whatley Circle provides a contemporary layout designed for everyday living. Each side includes an open-concept living arrangement, modern finishes, spacious living areas, and a bedroom with a full bathroom on the main level. The property also includes a fully fenced backyard and was built in 2026.
The Mauldin location places the duplex minutes from I-385 and I-85, with access to Greenville, Simpsonville, and surrounding areas. Grocery stores, pharmacies, restaurants, fitness centers, shopping, and other daily conveniences are within walking distance. The configuration supports owner occupancy with the option to rent the other unit, or use as a two-unit residential investment property.
The Mauldin location places the duplex minutes from I-385 and I-85, with access to Greenville, Simpsonville, and surrounding areas. Grocery stores, pharmacies, restaurants, fitness centers, shopping, and other daily conveniences are within walking distance. The configuration supports owner occupancy with the option to rent the other unit, or use as a two-unit residential investment property.
Key Highlights
- Two‑unit duplex built in 2026
- Open‑concept layouts with modern finishes in both units
- Main‑level bedroom and full bathroom in each unit
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
$36,253
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
4.83%
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%
$725,060
$725.1K
Cap Rate 7%
$517,900
$517.9K
Cap Rate 9%
$402,811
$402.8K
Market Conditions
NOI Build-Up for 3,568 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
$54.8K $15.36/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$51.8K $14.52/SF
− OpEx
−$15.5K −$4.35/SF
NOI
$36.3K $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%
$725,060
Cap Rate 7%
$517,900
Cap Rate 9%
$402,811
Alternative Uses
Best Use
Multifamily LT 5
$517.9K
$453.2K – $604.2K
NOI $36,253 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$463.4K
$405.5K – $540.6K
NOI $32,438 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,713 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 29662, SC
14,812
Population
6,512
Households
2.3
Avg Household Size
39
Median Age
35%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
2,693
Density / Sq Mi
$80,594
Median Household Income
$50,269
Median Earnings
$1,342
Median Rent
$229,600
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-unit property with open layouts, contemporary finishes, and a main-level bedroom and full bathroom in each unit.
Where is this duplex located?
The property is located at 215 Whatley Circle Mauldin, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; Open‑concept layouts with modern finishes in both units; Main‑level bedroom and full bathroom in each unit
