2024-Built Duplex with Fenced
For Sale
$520,000
705 W Parker Road, Greenville, SC 29611
Two separate residences feature open living areas, modern finishes, spacious kitchens, and private fenced outdoor space.
Property Size2,902 SF
Price / SF$179.19
Days on Market55
Property Features for 705 W Parker Road
General Information
Standard status
Active
Size
2,902 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private fenced backyard
Building Details
Year Built
2024
Listing Agency:
Joshua Hoover-Dempsey, RE/MAX Executive
Listed By:
XSell Upstate
(864) 659-7355
Source:
Xsellupstate
Added: Aug 23
Changed: Oct 15
Last Checked: Oct 14 at 10:33PM
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 Joshua Hoover-Dempsey, RE/MAX Executive
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Investment Insights
Based on property information with market context.
Completed in 2024, this 2,902-square-foot duplex contains two separate residences, each measuring approximately 1,450 square feet. Both sides offer three bedrooms, 2.5 baths, open-concept living areas, modern finishes, spacious kitchens, and private fenced backyards. The configuration supports separate household use within one property and provides flexibility for an owner-occupant or a two-unit rental arrangement.
The property is located at 705 W Parker Road in Greenville, near downtown Greenville and within minutes of Prisma Health, Bon Secours St. Francis, Fluor Field, Falls Park, shopping, dining, parks, major employers including BMW and Michelin, and interstate access.
The property is located at 705 W Parker Road in Greenville, near downtown Greenville and within minutes of Prisma Health, Bon Secours St. Francis, Fluor Field, Falls Park, shopping, dining, parks, major employers including BMW and Michelin, and interstate access.
Key Highlights
- 2024‑built duplex with 2,902 SF total
- Each residence offers approximately 1,450 SF, 3 bedrooms, and 2.5 baths
- Private fenced backyard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,486
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,720
$589.7K
Cap Rate 7%
$421,229
$421.2K
Cap Rate 9%
$327,622
$327.6K
Market Conditions
NOI Build-Up for 2,902 SF
Gross rent
$44.6K $15.36/SF
− Vacancy
−$2.5K −$0.84/SF
EGI
$42.1K $14.52/SF
− OpEx
−$12.6K −$4.35/SF
NOI
$29.5K $10.16/SF
Area
Greenville County, SC
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,720
Cap Rate 7%
$421,229
Cap Rate 9%
$327,622
Alternative Uses
Best Use
Multifamily LT 5
$421.2K
$368.6K – $491.4K
NOI $29,486 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.7K
NOI $26,384 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,794 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 29611, SC
32,413
Population
14,620
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
78%
High-School Grad
23.9 sq mi
ZIP Area
1,356
Density / Sq Mi
$47,046
Median Household Income
$32,272
Median Earnings
$1,092
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature open living areas, modern finishes, spacious kitchens, and private fenced outdoor space.
Where is this duplex located?
The property is located at 705 W Parker Road Greenville, SC.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2024‑built duplex with 2,902 SF total; Each residence offers approximately 1,450 SF, 3 bedrooms, and 2.5 baths; Private fenced backyard for each residence
