Triplex with Private Rear
For Sale
$237,000
7 Edgewood Dr, Ware Shoals, SC 29692
MULTI_FAMILY - Ware Shoals, SC
Property Size2,713 SF
Lot Size0.30 Acres
Price / SF$87.36
Days on Market49
Property Features for 7 Edgewood Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5
Subdivision
Greenwood County - Ware Shoals
Standard status
Active
Size
2,713 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
6364
Utilities
Utilities
Natural Gas Available
Cooling system
Window Unit(s)
Amenities
hardwood floors
washer/dryer connections
electric range and refrigerator
private entrance
fenced backyard
Building Details
Year built
1958
Floors in Building
2
Number of units
3
Building materials
Brick
Listing Agency:
eXp Realty LLC (Anderson)
(864) 940-3777
Listed By:
Scott Woodbury
(864) 245-6235
Added: Jul 18
Changed: Aug 4
Last Checked: Sep 4 at 8:06AM
MLS# 140236
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick triplex at 7 Edgewood Dr includes three 2-bedroom, 1-bath units under one roof. The building contains hardwood floors in the bedrooms of Units A and B, with washer/dryer connections and an electric range and refrigerator in each kitchen. Units A and B are on flexible month-to-month terms, while Unit C is vacant and set up to function with its own arrival.
Unit C features a separate private entrance at the rear and an exclusive fenced backyard. All three units share a single water meter, while electric and gas are separately metered to each unit. Central heat and air equipment is in place but not currently operational, and the property is being sold as-is. Cooling is provided via window unit(s), and the home was built in 1958.
The property sits on a 0.3-acre lot and contains 2,713 square feet under roof.
Unit C features a separate private entrance at the rear and an exclusive fenced backyard. All three units share a single water meter, while electric and gas are separately metered to each unit. Central heat and air equipment is in place but not currently operational, and the property is being sold as-is. Cooling is provided via window unit(s), and the home was built in 1958.
The property sits on a 0.3-acre lot and contains 2,713 square feet under roof.
Key Highlights
- 3‑unit brick triplex with three 2‑bedroom, 1‑bath apartments
- Unit C has a separate private rear entrance plus an exclusive fenced backyard
- All units share one water meter; electric and gas are separately metered to each unit
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
$13,385
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
5.65%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
132
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 - Brick triplex with three 2-bedroom units; water is shared while electric and gas are separately metered to each unit.
Where is this triplex located?
The property is located at 7 Edgewood Dr 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: 3‑unit brick triplex with three 2‑bedroom, 1‑bath apartments; Unit C has a separate private rear entrance plus an exclusive fenced backyard; All units share one water meter; electric and gas are separately metered to each unit
