Remarks: 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.
Multi-familyProperty Type
9,147 sq ftLot Size
$187Price/Sq.Ft.
2 spacesParking
Listed by Marisol Hernandez• Keller Williams Greenville Central
Monaghan Mill, located between W Parker Rd and the Saluda River, is a historic and residential Parker neighborhood with brick mill architecture and a riverside greenbelt feel. The neighborhood’s character concentrates around the former Monaghan Mill complex along Old Easley Bridge Rd, where converted industrial buildings and quiet side streets set a workshop-to-loft atmosphere. Monaghan Mill Lofts stands as a defining landmark, with the mill’s tall windows and masonry detailing shaping the streetscape. The Saluda River corridor frames the edge of the area with wooded views and a slower pace. Nearby, the Village of West Greenville adds galleries and small-batch makers to the local rhythm. Housing reads as a mix of mill-era forms and newer infill, tied together by the site’s industrial heritage.
Provided by Walk Score and Local Logic
Offer insights
507 Cedar Lane Rd · $299,900
$300K and above
75% chance or better to win
Why $300K+ is a strong offer
DAYS ON MARKET
83 days
The average home goes pending in 52 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Two-unit building layout
Bedrooms
Unit 1: 2 bedrooms
Unit 2: 2 bedrooms
Bathrooms
Unit 1: 1 full bathroom
Unit 2: 1 full bathroom
Kitchen
Unit 2 includes a kitchen/breakfast room
Laundry & utility
None listed
Flooring
Not specified
Heating & cooling
Forced air heating
Central forced cooling
Exterior features
Brick veneer exterior
Balcony on Unit 2
Home design
Single-story building
Parking
Paved driveway
Security
Not specified
Construction
Architectural roof
Crawl space foundation
Year built unknown
Utilities
Public water
Electric water heater
Public sewer (also listed as private sewer)
Public garbage pickup
HOA & community
No community amenities
Financial info
Multifamily property with 2 units
Other
Unit sizes listed as approximately 800 each
Electricity and solar
View estimated energy costs and solar savings for this home
These residential districts are established as areas in which the principal use of land is for single-family dwellings and for related recreational, religious, and educational facilities normally required to provide an orderly and attractive residential area. The regulations for these districts are intended to discourage any use which, because of its characteristics, would interfere with the development of or be detrimental to the quiet residential nature of the area included in the districts.
Permitted uses
Include but are not limited to:
Housing-Single unit
Apr 29, 2017 • Final
Commercial/residential
Work on a sewer replacement.
Plumbing
Apr 29, 2017 • Final
Residential plumbing standalone
Replace a sewer line.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 102° expected this year, 17 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Greenville, SC • 29611
Average low and high temperatures (°F)
51
31
60
39
71
48
77
56
78
61
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69
93
74
85
70
82
65
74
54
67
47
55
37
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 507 Cedar Lane Rd
$292,013
$7,887 under list price of $300K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $195K to $399K.