Tenant-Occupied Duplex with Vinyl
89 Montague Road # Units A & B Greenville, SC 29617
89 Montague Road # Units A & B, Greenville, SC, 29617
$325,000
For Sale
$325,000
Each unit is currently leased, and the duplex offers off-street parking and a low-maintenance vinyl exterior.
Property Size1,600 SF
Price / SF$203.13
Days on Market92
Property Features for 89 Montague Road # Units A & B
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1980
Listing agency
BHHS C Dan Joyner - Midtown
(864) 325-7054
Listed by
Eric Mitchell
(864) 325-7054
Source
Cdanjoyner
Added: Apr 21 Updated: Jul 19 at 2:06AM Checked: Jul 21 at 3:15AM
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 BHHS C Dan Joyner - Midtown
Investment Insights
Based on property information with market context.
This tenant-occupied duplex consists of two units (A and B), with leases already in place for each unit. The exterior is vinyl and the property is described as well-kept, supporting a low-maintenance approach to ownership. Off-street parking and a functional layout are included, designed to be practical for current and future residents.
The property is located at 89 Montague Road in Greenville, SC 29617, with quick access noted to shopping, dining, and major roadways.
At purchase, the owner benefits from the existing in-place leases for both units, supporting an ownership transition without vacancy or immediate leasing work.
The property is located at 89 Montague Road in Greenville, SC 29617, with quick access noted to shopping, dining, and major roadways.
At purchase, the owner benefits from the existing in-place leases for both units, supporting an ownership transition without vacancy or immediate leasing work.
Key Highlights
- Tenant‑occupied duplex with both units leased under existing leases
- 4 bedrooms and 2 total baths across 1,600 total building area
- Heating and air conditioning available
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $15.36 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $23.2k | $14.52 |
| − OpEx | −$7.0k | −$4.35 |
| NOI | $16.3k | $10.16 |
1,600 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$207.8K
$181.8K – $242.4K
NOI $14,546 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit is currently leased, and the duplex offers off-street parking and a low-maintenance vinyl exterior.
Where is this duplex located?
The property is located at 89 Montague Road # Units A & B Greenville, SC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with both units leased under existing leases; 4 bedrooms and 2 total baths across 1,600 total building area; Heating and air conditioning available
