Property Description

Investor opportunity in downtown Greenville! This established seven-unit multi-family property offers immediate rental income with meaningful potential for future growth. The 5,400 square foot building includes 5 two bedroom, 1 three bedroom, and 1 one bedroom unit apartments totaling 14 bedrooms and seven bathrooms. Current rents have been intentionally been maintained below market value to retain stable, long term tenants, providing a new owner with the opportunity to increase income over time. The property has been under the same ownership for approximately 40 years and features a newer rubber roof installed approximately 3 years ago, recently painted apartments, updated flooring in several units, individual gas and electric meters, public water and sewer , ample off-street parking, and individual storage sheds. The 0.40 acre property is conveniently located near downtown shopping and services and offers a mix of month to month and annual leases. The $749,000 asking price is further supported by the recent sale of 3-5 Mill St in Greenville, an 8 unit, 5,868 square foot multi-family property that sold for $775,000 on July 1, 2026. Like 77 Main St, the Mill St property featured below market rents, public water and sewer, and off-street parking. At $749,000, 77 Main St is offered $26,000 below this recent comparable sale while providing seven established rental units, a larger 0.40 acre lot, significant parking, tenant storage, and clear income growth potential. An attractive opportunity for an investor seeking stable occupancy, existing cash flow, limited near-term capital needs, and the ability to improve future returns through gradual rent adjustments.

Property Features

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