Fully Renovated Victorian 5-Unit Apartment
For Sale
$899,900
405 Perry Avenue, Greenville, SC 29601
Five one-bedroom, one-bath units with in-unit washers and dryers, separately metered utilities, and fully restored Victorian character.
Property Size2 SF
Price / SF$236.82
Days on Market82
Property Features for 405 Perry Avenue
General Information
Standard status
Active
Size
2 SF
Property subtype
Apartment
Units
Unit Mix
5 x 1BR/1BA
Multifamily Units
5
Amenities
in-unit washer and dryer
separately metered utilities
partially fenced yard
Acres: 0.4, Area: 17424, Dimensions: 111 x 166, Square Feet: 17424
Roof: Architectural
Door Features: Unit 1: Some Storm Door(s), Unit 2: Some Storm Door(s), Unit 3: Some Storm Door(s), Unit 4: Some Storm Door(s)
Sewer: Public Sewer
Tax Annual Amount: $1,239
Cooling Included, Cooling: Electric, Ductless
Heating Included, Heating: Electric, Ductless
Contract Status Change Date: 2026-07-24, Listing Terms: None, Standard Status: Active
Parking Features: Off Street
Elementary School: A.J. Whittenberg, Middle Or Junior School: League, High School: Berea
4 total bedrooms
Levels: Two, Stories: 2, Built in 1920, Construction Materials: Wood Siding
City: Greenville, County Or Parish: Greenville, MLS Area Major: 074, Postal Code: 29601, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 5, Parcel Number: 0077000101000, Property Condition: 50+, Property Sub Type: Apartment
4 full bathrooms, 4 total bathrooms
Water Source: Public
Foundation Details: Crawl Space
Appliances: Electric Water Heater
Building Details
Building Size
2 SF
Year Built
1920
Buildings
1
Construction
Victorian
Listing Agency:
Shulikov Realty & Associates
(864) 494-4748
Listed By:
Dimitry Bruehl · License #103013
(864) 775-2235
Source:
Blackstreaminternational
Added: Jul 25
Changed: Oct 13
Last Checked: Oct 12 at 7:05PM
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 Shulikov Realty & Associates
Investment Insights
Based on property information with market context.
This fully renovated Victorian apartment building provides a turnkey setup with five one-bedroom, one-bath apartments. The property totals over 3,800 square feet and was built in 1920, with renovations designed to preserve its historic character while updating interiors. Unit interiors feature original pine flooring and soaring ceilings, along with oversized windows that bring in abundant natural light. Each apartment includes a washer and dryer, and the apartments have tiled tub/shower combinations, updated kitchens, and spacious floor plans with large bedrooms and walk-in closets.
The layout includes two apartments on the main level, two apartments on the upper level, and one private apartment with its own separate entrance. Upper-level units enjoy views of Paris Mountain and the Downtown Greenville skyline. Outside, there is a partially fenced yard.
The building also uses separately metered utilities, including separate electric and utility meters, supporting efficient property management. Showings are by appointment only, with proof of funds or a lender pre-approval letter required prior to scheduling.
The layout includes two apartments on the main level, two apartments on the upper level, and one private apartment with its own separate entrance. Upper-level units enjoy views of Paris Mountain and the Downtown Greenville skyline. Outside, there is a partially fenced yard.
The building also uses separately metered utilities, including separate electric and utility meters, supporting efficient property management. Showings are by appointment only, with proof of funds or a lender pre-approval letter required prior to scheduling.
Key Highlights
- Over 3,800 square feet Victorian apartment building
- Five one‑bedroom, one‑bath apartments
- Separate electric and utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,548
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,960
$691.0K
Cap Rate 7%
$493,543
$493.5K
Cap Rate 9%
$383,867
$383.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$66.1K $17.40/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$62.8K $16.53/SF
− OpEx
−$28.3K −$7.44/SF
NOI
$34.5K $9.09/SF
Area
Greenville County, SC
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,960
Cap Rate 7%
$493,543
Cap Rate 9%
$383,867
Alternative Uses
Best Use
Apartment 5plus
$493.5K
$431.9K – $575.8K
NOI $34,548 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,651 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 29601, SC
13,261
Population
8,067
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
3,157
Density / Sq Mi
$73,321
Median Household Income
$55,727
Median Earnings
$1,406
Median Rent
$583,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom, one-bath units with in-unit washers and dryers, separately metered utilities, and fully restored Victorian character.
Where is this apartment building located?
The property is located at 405 Perry Avenue Greenville, SC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Over 3,800 square feet Victorian apartment building; Five one‑bedroom, one‑bath apartments; Separate electric and utility meters for each unit
