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Multi Family Homes For Sale in Greenville

$899,900
4 Beds 4 Baths 1598792 MLS
An exceptional opportunity to own one of Downtown Greenville's most distinctive income-producing properties. Located in the highly sought after West End, just steps from Unity Park, Main Street, and the West Village, this beautifully restored Victorian apartment building offers the perfect combination of historic character, modern finishes, and outstanding investment potential. Offering over 3,800 square feet, this fully renovated 5-unit apartment building is move-in ready and positioned to generate immediate rental income. All five one-bedroom, one-bath apartments feature separately metered utilities, allowing for efficient property management and reduced operating expenses. The building has been thoughtfully renovated while preserving its timeless Victorian architecture. Inside, you'll find soaring ceilings, original pine flooring, oversized windows, abundant natural light, and high-quality finishes throughout. Each apartment offers a spacious floor plan with generous living areas, large bedrooms, walk-in closets, and beautifully appointed bathrooms featuring tiled tub/shower combinations. Every unit also includes the convenience of its own washer and dryer, a highly desirable amenity for today's tenants. The property's layout is ideal for investors: Two apartments on the main level Two apartments on the upper level One private apartment with its own separate entrance, offering added flexibility for rental income or owner occupancy The upper-level apartments enjoy beautiful views of Paris Mountain and the Downtown Greenville skyline, while the partially fenced yard provides a rare outdoor space perfect for relaxing or accommodating pets. Located within walking distance of Greenville's premier dining, shopping, breweries, entertainment, and parks, this turnkey property is perfectly positioned in one of the city's fastest-growing and most desirable rental markets. Property Highlights Fully renovated 5-unit apartment building with separate entrances Five 1-bedroom, 1-bath apartments Over 3,800 square feet Separate electric and utility meters In-unit washers and dryers in every apartment Original pine flooring and soaring ceilings Spacious living rooms and large bedrooms with walk-in closets Updated kitchens and bathrooms Upper-level views of Paris Mountain and the Downtown skyline Partially fenced yard Walkable to Unity Park, Main Street, Falls Park, and the West Village Turnkey investment with immediate income potential Whether you're expanding your investment portfolio or seeking a trophy asset in one of South Carolina's strongest rental markets, 405 Perry Avenue offers a rare opportunity to own a fully renovated historic property in an unbeatable Downtown Greenville location. Agent related to owner. Showings are by appointment only. Proof of funds or a lender pre-approval letter is required prior to scheduling a showing.

405 Perry Avenue, Greenville

$700,000
6 Beds 6 Baths 1589541 MLS
BACK ON THE MARKET AT NO FAULT OF THE SELLERS! Welcome to 4A & 4B Conyers Street: a rare opportunity to own a brand new construction duplex in one of Greenville’s most sought-after locations. Whether you’re looking to grow your investment portfolio or offset your mortgage by living in one unit and renting the other, this property offers incredible flexibility with short-term rentals allowed. Each side of this thoughtfully designed duplex features 3 bedrooms, 3 full bathrooms, and approximately 1,727 square feet, with every bedroom offering its own private en suite bathroom; a highly desirable setup for both long-term and short-term tenants. The open-concept main living area is perfect for entertaining, with a spacious living room that flows seamlessly into the kitchen, complete with granite countertops, luxury vinyl plank flooring, and a full appliance package including a dishwasher, stove, built-in microwave, and refrigerator. An added bonus is the main-level bedroom and full bathroom, offering convenience for guests, multigenerational living, or added rental flexibility. Upstairs, you’ll find two generously sized bedrooms, including the primary suite, along with a conveniently located laundry room. The primary suite features a tray ceiling, abundant natural light from large windows, a walk-in closet, large vanity, and a beautifully tiled walk-in shower. Both units mirror each other with reversed floor plans, maximizing functionality and privacy. Outside, enjoy a large backyard, dedicated driveways for each unit, separate water and electric meters, and additional mechanical/storage closets located on the back porch — making management simple and efficient. The standout feature of this property is its unbeatable location. Situated just behind Mountain Goat Coffee Roasters and minutes from Unity Park and the Swamp Rabbit Trail, you’re also just a short distance to the heart of downtown Greenville. This prime setting makes it an ideal choice for attracting both long-term tenants and short-term rental guests. Don’t miss your chance to own a versatile, income-producing property in a rapidly growing area. Opportunities like this are few and far between.

4 Conyers Street, Greenville

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Greenville Multi-Family Homes For Sale

Looking for multi-family homes in Greenville? We've got them. Our listings come from the Greater Greenville MLS - duplexes, triplexes, fourplexes, small apartment buildings. 

Investing in multi-family real estate in Greenville can offer the potential for rental income and long-term equity growth. You’ll find properties ranging from fully renovated, turn-key investments to opportunities requiring some TLC, located in various neighborhoods from historic districts to areas near major employment centers and universities.

Listings are subject to the Fair Housing Act and Greater Greenville MLS rules.

Why Choose a Multi-Family Home in Greenville?

Multi-family homes in Greenville make sense for several reasons. The big one? Rental income. Buy a duplex, live in one side, rent the other.

Using the rental income to help cover mortgage payments, property taxes, and other expenses – a strategy often called "house hacking." This can make homeownership more accessible and help you achieve your investment goals.

These properties can build equity faster than single-family homes if they are managed properly.

Greenville's consistent population growth and strong rental demand mean more people need places to rent. This keeps periods of vacancy to a minimum.

You control your investment - that's different from stocks or whatever. Tax benefits exist (talk to your accountant about that).

Greenville Multi-Family Market

Multi-family properties work differently from single-family homes.

Here's what prospective buyers should know:

  • Median Price Range: Median list prices for multi-family properties (2-4 units) typically range from $350,000 to $600,000+, highly dependent on the number of units, condition, and specific location
  • Average Days on Market: These properties can range from 75 to over 150 days on the market, reflecting their investor-focused nature and more involved transaction process.
  • Inventory Levels: A limited but consistent inventory of smaller (2-4 unit) multi-family homes is available, meaning desirable properties can attract attention quickly.
  • Value & Income Potential: Values in this sector are strongly influenced by Greenville's robust rental demand and income potential, supported by ongoing population and job growth in the region.

Why do people like Greenville multi-family homes? The city's growing. Renters need housing. Pick the right property, you can make money and see appreciation. 

However, there aren't many duplexes and triplexes in the area. Competition exists for good ones. You need to understand market rents, vacancy rates and what it costs to manage these properties.

Greenville Multi-Family Buyer FAQs

What are the most important factors to consider when buying a multi-family home in Greenville for investment?

Key factors include location (proximity to amenities, employers, transport), the condition of the property (potential for repairs/renovations), current and potential rental income (compare to market rates), operating expenses (taxes, insurance, maintenance, property management), and local zoning regulations for multi-unit dwellings.

Can I use traditional home financing to buy a 2-4 unit multi-family property if I plan to live in one unit?

Yes. FHA loans work for up to four units if you live there. Low down payment. Conventional loans work too. Lenders count rental income when qualifying you. It's best to speak with a mortgage advisor specializing in these types of properties.

What kind of rental demand can I expect for multi-family units in Greenville?

Greenville has seen consistent population growth and job creation, leading to strong rental demand across various property types and price points. Areas near downtown, major employers, and educational institutions like Furman University or Greenville Tech often experience particularly high demand.

Are there specific neighborhoods in Greenville that are better for multi-family investments?

West Greenville has multi-family properties. Sans Souci too. Around downtown works. Look for amenities nearby. Public transport helps. Employment centers matter. Research the specific area. Check rental rates.

What are the typical responsibilities of owning a multi-family property in Greenville?

Responsibilities include tenant screening and management, rent collection, property maintenance and repairs (both for individual units and common areas if any), handling leases, and complying with landlord-tenant laws in South Carolina. Many owners choose to hire a professional property management company.