Multi Family Homes For Sale in Greenville

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. 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

$334,900

4 Beds ⋅ 2 Baths ⋅ 1598443 MLS

Investment Alert! Fully occupied and extensively updated, this Mauldin duplex is listed at $334,900 and currently generates $2,400 per month in combined rental income. Each side offers: * 2 bedrooms and 1 full bathroom * A completely renovated bathroom * New refrigerator and oven/range * New fans and light fixtures * Sliding barn doors * Updated flooring and carpeting * A private rear patio The two units have their own distinct finishes, including laminate countertops in one kitchen and butcher-block countertops in the other. Unit A features an entirely renovated kitchen, porcelain tile flooring, and new carpet. Unit B includes luxury vinyl flooring, recently cleaned carpet, and a new HVAC system. Conveniently located near I-385, Downtown Greenville, shopping, dining, and employment centers. An excellent opportunity to add immediate rental income to your investment portfolio. Schedule your showing today!

130 Pleasant Drive, Mauldin

$398,500

2 Beds ⋅ 2 Baths ⋅ 1598027 MLS

The cutest duplex in an unbeatable location! Nestled in the heart of Historic Overbrook, this charming property is within walking distance of popular restaurants, local shops, and everything this growing neighborhood has to offer. Full of timeless character, this duplex features original hardwood floors, a welcoming rocking-chair front porch, and architectural charm that's hard to find in today's multi-family properties. Each unit includes its own dedicated parking space and a private back patio, providing both convenience and outdoor living.Inside, you'll find updated kitchens, spacious living areas, and generously sized bedrooms. One unit even features a classic clawfoot tub, adding to the home's unique appeal. Both units are currently vacant, making this the perfect opportunity for an owner-occupant, investor, or house hacker to customize how they use the property from day one. Don't miss your chance to own a character-filled duplex in one of the area's most desirable and rapidly growing neighborhoods!

1411 E North Street Unit Unit A and B, Greenville

$545,000

5 Beds ⋅ 2 Baths ⋅ 1597782 MLS

Exceptional investment opportunity just minutes from Downtown Greenville! This fully furnished, versatile duplex offers multiple possibilities-- continue operating as an income-producing rental, live in one unit while renting the other, or explore other permitted uses. This property features 5-bedrooms and 2-bathrooms between the two units. The left unit offers 3-bedrooms and 1-bath, while the right unit includes 2-bedrooms and 1-bath. Each unit features a kitchen with a full-size refrigerator and oven and private outdoor spaces providing comfort and privacy for occupants. Ample on-site parking adds to the property's appeal. Located just minutes from the shopping, dining, entertainment, and attractions of Downtown Greenville. Agent is owner. If sq. footage is important to buyer, buyer's agent to verify.

6 Brookside Circle, Greenville

$350,000

5 Beds ⋅ 2 Baths ⋅ 1594949 MLS

The property offers 2 homes with room to grow in an outstanding location as it's minutes away from downtown Greenville, schools, shopping and more. The first unit offers updated flooring, a completly renovated bathroom, and move in ready. This unit is currently vacant so you have the option of living in this unit while the other unit helps with the mortgage or a very easy unit to rent as the owner has always had a high demand for renters. The second unit is occupied with long term tenants that have taken execellent care of the home. The property offers a large lot with room to grow your investment. If you are looking for a great investment property in Greenville do not let this opportunity get away from you!

2 Sunnydale Drive, Greenville

$540,000

6 Beds ⋅ 5.5 Baths ⋅ 1594894 MLS

Why pay rent when you can own a nearly new home just minutes from downtown Greenville and let rental income help pay the mortgage? This rare owner-occupant or investment opportunity offers two spacious residences, each featuring 3 bedrooms, 2.5 baths and an extra-large fenced backyard—perfect for families, pets or outdoor entertaining. Live comfortably in one side while the second residence generates income from day one, dramatically reducing your monthly housing expense and allowing you to build equity instead of paying rent. Whether you're purchasing your first home, starting an investment portfolio or adding a low-maintenance property to your existing holdings, this duplex provides flexibility and long-term wealth-building potential that few single-family homes can match. Just minutes from downtown Greenville, restaurants, shopping, parks and major employers, this is an opportunity to live smart, invest wisely and own a property designed for today's lifestyle and tomorrow's financial goals.

705 W Parker Road, Greenville

$299,900

4 Beds ⋅ 2 Baths ⋅ 1594158 MLS

Location! Potential to convert to Commercial if you wish. Duplex Home with 2 bedrooms, one bath on each side. All the possibilities with this property. Live in one unit, flip little by little, and rent out the other unit along with a storage opportunity at the rear of the home. Or INVESTORS, come add your vision to this growing location! Only 8 min to Downtown Greenville! Fix, Hold, and Flip! Sold As- Is. Driven by strong rental demand, this property offers investors the potential for steady cash flow today while building long-term equity and appreciation over time. Investors looking for a 1031 Exchange, here is your opportunity. Tenant occupied on a month-to-month basis.

507 Cedar Lane Road, Greenville

$549,900

338060 MLS

3 single family residents for sale on one parcel. Great investment property. 2 are tenant occupied and one is ready for move in. Just minutes from vibrant downtown Greenville, you’ll enjoy easy access to popular restaurants, shopping, parks, entertainment, and major highways. Don’t miss your chance to own a unique property in a thriving community. 218 Spartanburg has 3 bedrooms, 1 bathroom, 220 Spartanburg has 3 bedrooms, 2 bathrooms and 6 Mt Eustis St has 3 bedrooms and 1 bathroom.

Greenville

$250,000

20301638 MLS

Income-producing opportunity in Taylors! This duplex at 309 Bahan Street offers immediate rental income with one unit leased through April 30, 2027, while the second unit is coming up for renewal—ideal for investors looking to stabilize or increase returns. Each unit features a functional 1-bedroom, 1-bath layout with living, dining, and kitchen areas, all on a single-level crawl space foundation with convenient side entry. Interior finishes include hardwood flooring in the main living spaces and durable vinyl in the kitchens and baths. Window unit HVAC provides simple, cost-effective climate control. Unit A has a wall gas furnace. Whether you’re expanding your portfolio or stepping into investment property ownership, this property delivers solid income potential in a growing area. Don’t miss your chance to add this one to your rental portfolio!

309 Bahan Street, Taylors

$250,000

2 Beds ⋅ 2 Baths ⋅ 1592267 MLS

309 Bahan Street, Taylors

$625,900

3 Beds ⋅ 1 Baths ⋅ 1590856 MLS

Owner is retiring and this home is part of a 4 property portfolio being offered for the first time at a total price of $625,900 for all four. These properties have been in the family for decades and tenants are long term so please do not disturb them! Portfolio includes this 3/1 home at 402 Gordon St. Greenville, 2/1 at 28 N. Washington Ave., Greenville (currently vacant so easy to see!), Duplex at 105/107 Norris Ave., Easley and a vacant lot at 111 Norris Street, Easley, 29640. These properties have been well maintained by the owner and rents are below market so plenty of room for increased income potential! There is always the option to invest a little $$$ and sell them individually for investors looking to flip but this owner is looking to sell them as a package. See attached list of income & expenses in associated documents.

402 Gordon Street, Greenville

$475,000

8 Beds ⋅ 9.5 Baths ⋅ 1590373 MLS

Investor Opportunity at 44 Lily Street — Turnkey Duplex with Flexible Income Potential Welcome to 44 Lily Street, a unique and versatile duplex designed with both investors and savvy homeowners in mind. Each side offers 2 bedrooms, 2.5 bathrooms, and 2.5 stories of thoughtfully designed living space, creating multiple income-producing possibilities under one roof. The layout is ideal for maximizing privacy and rental flexibility. On both the first and second floors, you’ll find a private bedroom, full bathroom, kitchen, and laundry, essentially creating two fully functional living spaces per unit. Whether you’re targeting long-term tenants, short-term rentals, or mid-term stays, this setup allows you to maximize rental income across multiple streams. The third floor loft adds even more value, featuring a half bath and access to a covered, pavered patio—a rare and attractive bonus space perfect for entertaining, relaxing, or creating an additional premium rental feature that sets this property apart. This property is truly an investor’s dream: Ideal for house hacking (live in one section, rent the others) Strong potential for short-term rental income Flexible layout for multiple tenants or co-living setups Designed for maximum functionality and privacy Whether you’re looking to expand your portfolio or step into real estate investing with a property that works for you, 44 Lily Street delivers versatility, income potential, and long-term value.

44 Lily 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.