Updated Two-Unit
New
For Sale
$265,000
216 Victor Court Apt 9 & 10, Greer, SC 29651
Brick construction, recent interior improvements, and separate occupancy status provide flexibility for an owner-occupant or rental operation.
Property Size1,322 SF
Price / SF$200.45
Days on Market5
Property Features for 216 Victor Court Apt 9 & 10
General Information
Standard status
Active
Size
1,322 SF
Property subtype
Multi-Family
Zoning
Residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,680
Amenities
keyless entry
central heating & air
stacked washer/dryer combo unit
off-street parking
fresh landscaping
Yes
2
No
4
Square Feet
Public
14810.4
0.34
Off Street,Other
Crawl Space
1322
Building Details
Year Built
1969
Buildings
1
Stories
1
Construction
brick ranch
Tenancy
Single
Listing Agency:
Thomason Realty Group, LLC
(864) 226-8100
Listed By:
Tina Brown · License #115145
(864) 934-1027
Source:
Cdanjoyner
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 2:04PM
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 Thomason Realty Group, LLC
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Investment Insights
Based on property information with market context.
This brick duplex in Greer contains two 2-bedroom, 1-bath apartments, each approximately 661 square feet, for 1,322 square feet in total. One apartment is occupied and the other is vacant. Improvements include LVP flooring, interior paint, refreshed bathrooms, modern fixtures, a smooth-top electric range, and a stacked washer and dryer. Central heating and air, keyless entry, window treatments, and appliances are also included.
The property has shared paved off-street parking and updated landscaping. It is approximately 15 minutes from Greenville-Spartanburg International Airport and less than 30 minutes from downtown Greenville, with access to major highways and nearby shopping, dining, and employers.
The property has shared paved off-street parking and updated landscaping. It is approximately 15 minutes from Greenville-Spartanburg International Airport and less than 30 minutes from downtown Greenville, with access to major highways and nearby shopping, dining, and employers.
Key Highlights
- Two 2‑bedroom, 1‑bath units, approximately 661 square feet each
- 1,322 square feet total; built in 1969
- One unit tenant occupied; the second unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,432
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,640
$268.6K
Cap Rate 7%
$191,886
$191.9K
Cap Rate 9%
$149,244
$149.2K
Market Conditions
NOI Build-Up for 1,322 SF
Gross rent
$20.3K $15.36/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$19.2K $14.52/SF
− OpEx
−$5.8K −$4.35/SF
NOI
$13.4K $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%
$268,640
Cap Rate 7%
$191,886
Cap Rate 9%
$149,244
Alternative Uses
Best Use
Multifamily LT 5
$191.9K
$167.9K – $223.9K
NOI $13,432 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$171.7K
$150.2K – $200.3K
NOI $12,019 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$564.8K
$494.2K – $659.0K
NOI $39,539 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 29651, SC
50,778
Population
21,738
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
89.6 sq mi
ZIP Area
567
Density / Sq Mi
$80,748
Median Household Income
$47,077
Median Earnings
$1,021
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction, recent interior improvements, and separate occupancy status provide flexibility for an owner-occupant or rental operation.
Where is this duplex located?
The property is located at 216 Victor Court Apt 9 & 10 Greer, SC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, approximately 661 square feet each; 1,322 square feet total; built in 1969; One unit tenant occupied; the second unit vacant
