Income-Generating Triplex with Private
For Sale
$237,000
7 Edgewood Drive A B C, Ware Shoals, SC 29692
Triplex includes three 2-bedroom, 1-bath units with a shared water meter and separate electric and gas meters.
Property Size1,958 SF
Days on Market50
Property Features for 7 Edgewood Drive A B C
General Information
Standard status
Active
Size
1,958 SF
Property subtype
Duplex
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
3
Amenities
0.3 acres, CityLot, Subdivision
Architectural, Shingle
PublicSewer
Parcel Number: 6923-211-669, Annual Amount: $6,364, Year: 2026
SeeRemarks, WindowUnits
SeeRemarks
Listing ID: 20303887, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-18
Elementary School: Ware Shoals Elementary, Middle School: Ware Shoals Middle, High School: Ware Shoals High School
CrawlSpace
Built in 1958, Year Built Details: Over 50 Years, Levels: Two, Construction Materials: Brick
MLS Area (Major): 520-Greenwood County,SC, County/Parish: Greenwood
Water Source: Public
Crawlspace
CloseOfEscrow
Oven, Range, Refrigerator
Building Details
Building Size
1,958 SF
Year Built
1958
Tenancy
Multi
Listing Agency:
eXp Realty - Clever People
Listed By:
The Clever People
(864) 940-3777
Source:
Blackstreaminternational
Added: Jul 18
Changed: Sep 4
Last Checked: Sep 4 at 5:26AM
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
Investment Insights
Based on property information with market context.
This income-producing triplex features three 2-bedroom, 1-bath units under one roof. Units A and B are mirror-image layouts and include hardwood floors in the bedrooms, washer/dryer connections, and an electric range and refrigerator in each kitchen. Unit C provides a separate private entrance at the rear along with an exclusive fenced backyard.
The three units share a single water meter, while electric and gas are separately metered to each unit. A central heat and air system is installed but is not currently operational and will be sold as-is.
Units A and B are on flexible month-to-month terms, and Unit C is vacant, allowing the next owner to occupy, re-lease, or reposition from day one.
The three units share a single water meter, while electric and gas are separately metered to each unit. A central heat and air system is installed but is not currently operational and will be sold as-is.
Units A and B are on flexible month-to-month terms, and Unit C is vacant, allowing the next owner to occupy, re-lease, or reposition from day one.
Key Highlights
- Income‑producing triplex built in 1958 with three 2‑bedroom, 1‑bath units under one roof
- Units A and B have mirror‑image layouts with hardwood floors in the bedrooms, washer/dryer connections, and electric range and refrigerator
- Unit C has a private rear entrance plus an exclusive fenced backyard
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
$9,660
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%
$193,200
$193.2K
Cap Rate 7%
$138,000
$138.0K
Cap Rate 9%
$107,333
$107.3K
Market Conditions
NOI Build-Up for 1,958 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
$20.0K $10.20/SF
− Vacancy
−$6.2K −$3.15/SF
EGI
$13.8K $7.05/SF
− OpEx
−$4.1K −$2.11/SF
NOI
$9.7K $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 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%
$193,200
Cap Rate 7%
$138,000
Cap Rate 9%
$107,333
Alternative Uses
Best Use
Multifamily LT 5
$138.0K
$120.8K – $161.0K
NOI $9,660 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$96.0K
$84.0K – $112.0K
NOI $6,719 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$615.1K
$538.2K – $717.6K
NOI $43,056 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
135
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex includes three 2-bedroom, 1-bath units with a shared water meter and separate electric and gas meters.
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: Income‑producing triplex built in 1958 with three 2‑bedroom, 1‑bath units under one roof; Units A and B have mirror‑image layouts with hardwood floors in the bedrooms, washer/dryer connections, and electric range and refrigerator; Unit C has a private rear entrance plus an exclusive fenced backyard
