Three-Unit Triplex with Private
For Sale
$237,000
7 Edgewood Drive #A B C, Ware Shoals, SC 29692
Two apartments have month-to-month terms, and the third is vacant for occupancy or leasing.
Property Size2,713 SF
Price / SF$87.36
Days on Market104
Property Features for 7 Edgewood Drive #A B C
General Information
Standard status
Active
Size
2,713 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,364
Building Details
Building Size
2,713 SF
Year Built
1958
Stories
2
Units
3
Listing Agency:
eXp Realty - Clever People
Listed By:
The Clever People
(864) 940-3777
Source:
Dunlapteam
Added: Jul 18
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 eXp Realty - Clever People
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Investment Insights
Based on property information with market context.
This 2,713-square-foot triplex in Ware Shoals contains three apartments, each with two bedrooms and one bathroom. The two upper-level units have matching layouts, bedroom hardwood floors, washer and dryer connections, and a range and refrigerator in each kitchen. The ground-floor apartment has a separate rear entrance and a fenced backyard. Built in 1958, the property has central heating and air conditioning that is not operational; it is being sold as-is.
Two units are occupied on month-to-month terms, while the third is vacant. Water is measured through one meter shared by all three apartments; each unit has separate electric and gas meters.
Two units are occupied on month-to-month terms, while the third is vacant. Water is measured through one meter shared by all three apartments; each unit has separate electric and gas meters.
Key Highlights
- Three apartments, each configured with 2 bedrooms and 1 bathroom
- 2,713 square feet; built in 1958
- Ground‑floor unit has a rear entrance and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,385
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,700
$267.7K
Cap Rate 7%
$191,214
$191.2K
Cap Rate 9%
$148,722
$148.7K
Market Conditions
NOI Build-Up for 2,713 SF
Gross rent
$27.7K $10.20/SF
− Vacancy
−$8.6K −$3.15/SF
EGI
$19.1K $7.05/SF
− OpEx
−$5.7K −$2.11/SF
NOI
$13.4K $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%
$267,700
Cap Rate 7%
$191,214
Cap Rate 9%
$148,722
Alternative Uses
Best Use
Multifamily LT 5
$191.2K
$167.3K – $223.1K
NOI $13,385 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$133.0K
$116.4K – $155.2K
NOI $9,310 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$852.3K
$745.7K – $994.3K
NOI $59,658 @ 7.0% cap · market cap 25.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 29692, SC
4,602
Population
2,630
Households
1.7
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
48.6 sq mi
ZIP Area
95
Density / Sq Mi
$42,533
Median Household Income
$32,128
Median Earnings
$744
Median Rent
$95,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments have month-to-month terms, and the third is vacant for occupancy or leasing.
Where is this triplex located?
The property is located at 7 Edgewood Drive #A B C Ware Shoals, SC.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Three apartments, each configured with 2 bedrooms and 1 bathroom; 2,713 square feet; built in 1958; Ground‑floor unit has a rear entrance and fenced backyard
