4-Unit Duplex
New
For Sale
$585,000
222 & 224 Griffin Mill Road, Pickens, SC 29671
All four residential units are occupied by tenants across two buildings.
Property Size3,768 SF
Price / SF$155.25
Days on Market2
Property Features for 222 & 224 Griffin Mill Road
General Information
Standard status
Active
Size
3,768 SF
Property subtype
Multi-Family
Zoning
m
Occupancy
100%
Financials
Gross Income
$48,000
Average Monthly Rent
$1,000
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,788
Amenities
Yes
4
8
Square Feet
No
Public
1
191 x 209 x 189 x 245
Two Spaces
Slab
3768
Building Details
Year Built
2024
Buildings
2
Stories
1
Listing Agency:
Keller Williams Great Smokies
(864) 242-6650
Listed By:
Fyke Fisher
(864) 451-3397
Source:
Cdanjoyner
Added: Oct 24
Last Checked: Oct 24 at 1:15PM
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 Keller Williams Great Smokies
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, the property comprises two duplex buildings with four residential units in total. Each unit is tenant-occupied. The two buildings are offered together at 222 and 224 Griffin Mill Road in Pickens, South Carolina.
Key Highlights
- Two duplex buildings with four residential units total
- All four units are tenant‑occupied
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,470
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,400
$569.4K
Cap Rate 7%
$406,714
$406.7K
Cap Rate 9%
$316,333
$316.3K
Market Conditions
NOI Build-Up for 3,768 SF
Gross rent
$54.3K $14.40/SF
− Vacancy
−$2.5K −$0.66/SF
EGI
$51.8K $13.74/SF
− OpEx
−$23.3K −$6.18/SF
NOI
$28.5K $7.56/SF
Area
Pickens County, SC
Vacancy
4.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,400
Cap Rate 7%
$406,714
Cap Rate 9%
$316,333
Alternative Uses
Best Use
Apartment 5plus
$406.7K
$355.9K – $474.5K
NOI $28,470 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$557.1K
$487.5K – $650.0K
NOI $38,999 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 29671, SC
18,615
Population
8,371
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
87%
High-School Grad
132.3 sq mi
ZIP Area
141
Density / Sq Mi
$65,429
Median Household Income
$36,041
Median Earnings
$917
Median Rent
$202,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - All four residential units are occupied by tenants across two buildings.
Where is this multifamily property located?
The property is located at 222 & 224 Griffin Mill Road Pickens, SC.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two duplex buildings with four residential units total; All four units are tenant‑occupied; Built in 2024
