Leased Two-Unit
89 Montague Road #Units A & B, Greenville, SC 29617
For Sale
New
$315,000
Both residences are occupied under existing leases, and the property includes off-street parking.
Property Size1,600 SF
Price / SF$196.88
Days on Market6
Property Features for 89 Montague Road #Units A & B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
BHHS C Dan Joyner - Midtown
(864) 242-6650
Listed By:
Eric Mitchell
(864) 325-7054
Source:
Bauerhart
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 7 at 5:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex contains two leased units, each occupied under an existing lease. The building was constructed in 1980 and has a vinyl exterior, with off-street parking available.
The property is at 89 Montague Road in Greenville, South Carolina, with access to shopping, dining, and major roadways.
The property is at 89 Montague Road in Greenville, South Carolina, with access to shopping, dining, and major roadways.
Key Highlights
- Two‑unit duplex with leases in place for both residences
- 1,600 square feet
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,257
Cap Rate
5.16%
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 5.16%
Second Best
Apartment 5plus
$207.8K
$181.8K – $242.4K
NOI $14,546 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
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
$217,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Greenville, SC
Properties on Market for Duplexes in Greenville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under existing leases, and the property includes off-street parking.
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 $315,000.
What are key features of this property?
This property features: Two‑unit duplex with leases in place for both residences; 1,600 square feet; Built in 1980
