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    Updated Brick Ranch Duplex Title is generated by Realmo AI

    216 Victor Court Unit 9 & 10, Greer, SC 29651

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    For Sale
    $265,000

    Turnkey two-unit duplex with modern interiors, central heating and air, and shared off-street parking.

    Type:Multi-Family / Duplex
    Property size:
    1,322 SF
    Price / SF:
    $200/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:47 am

    Property Features for 216 Victor Court Unit 9 & 10

    General Information

    Standard status
    Active
    Size
    1,322 SF
    Property subtype
    Multi-Family / Duplex

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Lillian Lopez

    Listing agent Lillian Lopez License #127303

    Listing office Coldwell Banker Caine/Williams

    Listing date May 28, 2026

    Source Compass

    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 Coldwell Banker Caine/Williams

    HighLights

    • Two 2‑bedroom, 1‑bath units in a 1969 brick veneer duplex; each unit is approximately 661 SF
    • Central forced‑air heating & central forced‑air cooling (electric) plus an electric water heater
    • Recent interior updates include new LVP flooring, fresh paint, updated bathrooms, and modern fixtures
    • Appliances and window treatments convey; includes a smooth‑top electric range and stacked washer/dryer combo unit
    • Vacant unit is move‑in ready, while the other unit is tenant occupied
    • Exterior updates include metal roof, newly paved shared off‑street parking, fresh landscaping; no HOA

    Overview

    This turnkey brick ranch duplex is updated throughout and configured as two separate homes, each offering two bedrooms and one bathroom. One unit is currently tenant occupied, and the second unit is vacant and move-in ready. The interiors include new LVP flooring and fresh interior paint, along with updated bathrooms and modern fixtures. Additional in-unit upgrades include a smooth-top electric range, a stacked washer/dryer combo unit, and keyless entry. The property also features central heating and air, and window treatments and appliances are included for convenience.

    The duplex includes exterior improvements such as newly paved shared off-street parking and fresh landscaping. There is no HOA. The property is positioned in Greer with access to shopping, dining, everyday essentials, and major highways. It is approximately 15 minutes from Greenville-Spartanburg International Airport and less than 30 minutes from downtown Greenville, supporting easy commuting to the Upstate area.

    Designed for straightforward occupancy and day-to-day management, this layout can accommodate an investor seeking a unit mix with one tenant in place and a second unit ready to lease, or an owner-occupant looking to offset living expenses. Possible USDA financing eligibility may be available; buyers should verify terms and eligibility with a lender.

    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 $20.3k $15.36
    − Vacancy −$1.1k −$0.84
    EGI $19.2k $14.52
    − OpEx −$5.8k −$4.35
    NOI $13.4k $10.16
    1,322 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $191.9K
    $167.9K – $223.9K (±1% cap)
    NOI $13,432 @ 7.0% cap · market cap 5.07%
    Second Best
    Apartment 5plus
    $171.7K
    $150.2K – $200.3K (±1% cap)
    NOI $12,019 @ 7.0% cap · market cap 4.54%
    Theoretical Best
    Office A
    $564.8K
    $494.2K – $659.0K (±1% cap)
    NOI $39,539 @ 7.0% cap · market cap 14.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.214239
    Latitude
    34.930285

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    FAQs

    What type of property is this?
    Duplex - Turnkey two-unit duplex with modern interiors, central heating and air, and shared off-street parking.
    Where is this duplex located?
    The property is located at 216 Victor Court Unit 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 in a 1969 brick veneer duplex; each unit is approximately 661 SF; Central forced‑air heating & central forced‑air cooling (electric) plus an electric water heater; Recent interior updates include new LVP flooring, fresh paint, updated bathrooms, and modern fixtures
    (646) 305-5405
    We can help!
    Listing Contact
    Lillian Lopez
    Real Estate License ID: 127303
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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