Building Details

Year Built 1953

Buildings 1

Construction brick

Listing Agency: Riverstone Realty LLC

Listed By: Sarah Lauren Muns · License #37736 Show Phone

Source: Myhomesearchtriangle

Added: Aug 14 Changed: Oct 1 Last Checked: Oct 16 at 9:35AM

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Investment Insights

Based on property information with market context.

Built in 1953, this 1,935-square-foot brick duplex contains two separate residences, each arranged with 2 bedrooms and 1 bath. Private entrances serve both units, creating distinct living spaces within a single building. The property combines traditional brick construction with character-rich interiors and natural light.

The duplex is located in downtown Greenwood, less than 1 mile from Lander University. Its address is 305 Jennings Ave 305 & 307, Greenwood, SC 29649. The property is positioned for investment use or owner-occupancy, with one residence available for the owner and the other suited to rental use.

Key Highlights

• Two‑unit brick duplex built in 1953
• 1,935 SF building with two 2‑bedroom, 1‑bath units
• Each residence has a private entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,547

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$190,940 $190.9K

Cap Rate 7%

$136,386 $136.4K

Cap Rate 9%

$106,078 $106.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,935 SF

Gross rent

$19.7K $10.20/SF

− Vacancy

−$6.1K −$3.15/SF

EGI

$13.6K $7.05/SF

− OpEx

−$4.1K −$2.11/SF

NOI

$9.5K $4.93/SF

Area

Greenwood County, SC

Vacancy

30.90%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$190,940

Cap Rate 7%

$136,386

Cap Rate 9%

$106,078

Alternative Uses

Best Use

Multifamily LT 5

$136.4K

$119.3K – $159.1K (±1% cap)

NOI $9,547 @ 7.0% cap · market cap 4.15%

Second Best

Apartment 5plus

$94.9K

$83.0K – $110.7K (±1% cap)

NOI $6,640 @ 7.0% cap · market cap 2.89%

Theoretical Best

Office A

$607.9K

$531.9K – $709.2K (±1% cap)

NOI $42,550 @ 7.0% cap · market cap 18.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Skin Care Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

796

Businesses Nearby

Explore this area Business Placement

Demographics for 29649, SC

27,485

Population

11,966

Households

2.3

Avg Household Size

38

Median Age

35%

College-Educated

93%

High-School Grad

53.6 sq mi

ZIP Area

513

Density / Sq Mi

$56,268

Median Household Income

$37,221

Median Earnings

$937

Median Rent

$207,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate residences offer matching layouts and individual access within a downtown setting.

Where is this duplex located?

The property is located at 305 Jennings Ave 305 & 307 Greenwood, SC.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Two‑unit brick duplex built in 1953; 1,935 SF building with two 2‑bedroom, 1‑bath units; Each residence has a private entrance