Tenant-Occupied Duplex with Vinyl
For Sale
$319,000
89 Montague Road Units A & B, Greenville, SC 29617
Each unit is currently leased, and the duplex offers off-street parking and a low-maintenance vinyl exterior.
Property Size1,600 SF
Price / SF$199.38
Days on Market179
Property Features for 89 Montague Road Units A & B
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,950
Amenities
Yes
2
4
Square Feet
No
Public
24393.6
0.56
Two Spaces,Off Street
Crawl Space
1600
Building Details
Year Built
1980
Stories
1
Listing Agency:
Rumbling Bald Real Estate
(864) 242-6650
Listed By:
Eric Mitchell
(864) 325-7054
Source:
Cdanjoyner
Added: Apr 21
Changed: Oct 15
Last Checked: Oct 16 at 6:51AM
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 Rumbling Bald Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,257
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,140
$325.1K
Cap Rate 7%
$232,243
$232.2K
Cap Rate 9%
$180,633
$180.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$24.6K $15.36/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$23.2K $14.52/SF
− OpEx
−$7.0K −$4.35/SF
NOI
$16.3K $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%
$325,140
Cap Rate 7%
$232,243
Cap Rate 9%
$180,633
Alternative Uses
Best Use
Multifamily LT 5
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$207.8K
$181.8K – $242.4K
NOI $14,546 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 29617, SC
28,394
Population
11,599
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
80%
High-School Grad
22.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$54,146
Median Household Income
$35,291
Median Earnings
$1,046
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $319,000.
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
