Renovated Brick
For Sale
$334,900
301 Oaklane Drive, Easley, SC 29642
Two-bedroom units feature private porches and rear decks with a practical residential layout.
Property Size1,620 SF
Price / SF$206.73
Days on Market165
Property Features for 301 Oaklane Drive
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family / Duplex
Zoning
GR-2
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,187
Amenities
private front porches
rear decks
Electric
Electric, Multi-Units
Composition Shingle
1
Public
Brick Veneer – Full, Vinyl Siding
Building Details
Year Built
1971
Construction
brick ranch
Listing Agency:
Real Home International
(248) 939-7652
Listed By:
Sarah Paul · License #94791
Source:
Compass
Added: Mar 20
Changed: Aug 31
Last Checked: Aug 31 at 12:46AM
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 Real Home International
Investment Insights
Based on property information with market context.
Renovated duplex at 301 Oaklane Drive in Easley, South Carolina, contains 1,620 square feet within a brick ranch-style building constructed in 1971. The two-unit arrangement includes Unit A with 2 BR / 1 BA and Unit B with 2 BR / 1.5 BA. Both residences offer a private front porch and rear deck. Electrical service is identified for the multi-unit property, with full brick veneer and vinyl siding among the exterior features.
The property carries GR-2 zoning and is described as being minutes from schools, parks, healthcare, highways, and shopping. The address and stated surrounding amenities provide context for the duplex, while the unit layouts and outdoor spaces define its physical configuration.
The property carries GR-2 zoning and is described as being minutes from schools, parks, healthcare, highways, and shopping. The address and stated surrounding amenities provide context for the duplex, while the unit layouts and outdoor spaces define its physical configuration.
Key Highlights
- 1,620‑square‑foot duplex at 301 Oaklane Drive, Easley, SC 29642
- Unit A: 2 BR / 1 BA
- Unit B: 2 BR / 1.5 BA
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
$13,664
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
4.08%
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%
$273,280
$273.3K
Cap Rate 7%
$195,200
$195.2K
Cap Rate 9%
$151,822
$151.8K
Market Conditions
NOI Build-Up for 1,620 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
$20.4K $12.60/SF
− Vacancy
−$892 −$0.55/SF
EGI
$19.5K $12.05/SF
− OpEx
−$5.9K −$3.61/SF
NOI
$13.7K $8.43/SF
Area
Pickens County, SC
Vacancy
4.37%
Lease Rate
$12.60 /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%
$273,280
Cap Rate 7%
$195,200
Cap Rate 9%
$151,822
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.7K
NOI $13,664 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$174.9K
$153.0K – $204.0K
NOI $12,240 @ 7.0% cap · market cap 3.65%
Theoretical Best
Mixed Use
$239.5K
$209.6K – $279.5K
NOI $16,767 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 29642, SC
35,675
Population
15,323
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
50.8 sq mi
ZIP Area
702
Density / Sq Mi
$77,604
Median Household Income
$44,151
Median Earnings
$915
Median Rent
$267,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature private porches and rear decks with a practical residential layout.
Where is this duplex located?
The property is located at 301 Oaklane Drive Easley, SC.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 1,620‑square‑foot duplex at 301 Oaklane Drive, Easley, SC 29642; Unit A: 2 BR / 1 BA; Unit B: 2 BR / 1.5 BA
