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    1608 Springfield Road Boiling Springs, SC 29316

    View on Map
    For Sale
    Under Contract
    $290,000

    Duplex - Boiling Springs, SC

    Type:Duplex
    Property size:
    2,108 SF
    Lot size:
    0.43 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 1608 Springfield Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Parking features
    Driveway, Paved or Surfaced
    Standard status
    Active Under Contract
    APN
    2-50-16-056.00
    Size
    2,108 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Electric (Heating), Floor Furnace
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    2
    Building materials
    Brick, Brick Veneer
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Shane Dotson

    Listing agent Shane Dotson

    Listing office Keller Williams DRIVE 314 Lloyd Street, Greenville, SC

    Listing date Mar 6, 2026

    MLS# 1583597 Listing URL

    Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boiling Springs Duplex For Sale

    Located in Boiling Springs, SC, this 2,108 square-foot brick duplex offers versatility for investors, homeowners seeking supplemental rental income, or multi-generational living. The property is positioned just off Asheville Highway 176 with access to Highways 26 and 85, providing connectivity to Spartanburg County and surrounding areas. Grocery stores, schools, and everyday conveniences are located within a mile, while nearby shopping, dining, and community amenities enhance the property’s appeal. Outdoor recreation and local lifestyle attractions are also close by, including Lake Bowen and Va-Du-Mar McMillan Park. The duplex is situated at the back end of the 0.43-acre property and features a front yard with each unit offering its own driveway. Each unit includes two bedrooms, one full bathroom with newer fixtures, countertops, and a tub-shower combination, along with a living room and a kitchen featuring newer appliances and a breakfast area. Sherman College of Chiropractic is located just 0.5 miles away and 2.4 miles from USC Upstate. The Spartanburg Regional Medical Trauma 1 hospital is located just 6 miles away. The property is located at 1608 Springfield Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boiling Springs
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9942
    Latitude
    35.01138

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    FAQs

    What type of property is this?
    Duplex - 2,108 sqft duplex in the heart of Boiling Springs, SC.
    Where is this duplex located?
    The property is located at 1608 Springfield Road Boiling Springs, SC.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Excellent investment opportunity with potential for rental income or multi‑generational living.; Prime location in Boiling Springs, close to grocery stores, schools, and everyday conveniences.; Convenient access to Highways 26 and 85, providing quick connectivity to Spartanburg County and surrounding areas.
    (864) 901-4813
    We can help!
    Listing Contact
    Shane Dotson
    Real Estate License ID: 114225
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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