Duplex with Adjacent
For Sale
$265,000
200 Rosecrest Road, Spartanburg, SC 29303
MULTIFAMILY, Spartanburg, SC
Property Size1,782 SF
Lot Size1.50 Acres
Price / SF$148.71
Days on Market255
Property Features for 200 Rosecrest Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4
Parking features
Carport
Elementary school
7-Mary Wright
Middle school
7-Whitlock J
High school
7-Spartanburg
Elementary school district
7 Sptbg Co
Middle school district
7 Sptbg Co
High school district
7 Sptbg Co
Directions
From I-85, take Exit 77/Bryant Road toward Bryant Road/ SC-9. Turn right onto Bryant Road. Continue and turn left onto Rice Rd. Turn right onto Pine Forest Rd. Turn left on to Rosecrest Rd. 200 Rosecrest Rd will be on the right.
Subdivision
Whitney
Standard status
Active
Size
1,782 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4685
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams Realty
(864) 574-6000
Listed By:
Arabella Hanna · License #144845
(864) 590-7887
Added: Dec 30, 2025
Changed: Sep 9
Last Checked: Sep 11 at 7:06PM
MLS# 332142
Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,782 square feet arranged as two residential units, with each side offering 2 bedrooms and 1 full bathroom. The property includes a professionally waterproofed crawlspace, central air, a composition roof, and carport parking. Unit A uses an oil furnace, while Unit B is heated by a heat pump.
The property is located at 200 Rosecrest Road in Spartanburg, South Carolina, and occupies almost 1.5 acres. Public water and public sewer serve the site. A large adjacent lot is associated with the property, with any expansion or additional development subject to buyer verification.
The property is located at 200 Rosecrest Road in Spartanburg, South Carolina, and occupies almost 1.5 acres. Public water and public sewer serve the site. A large adjacent lot is associated with the property, with any expansion or additional development subject to buyer verification.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit
- 1,782 square feet on almost 1.5 acres
- Professionally waterproofed crawlspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,540
$318.5K
Cap Rate 7%
$227,529
$227.5K
Cap Rate 9%
$176,967
$177.0K
Market Conditions
NOI Build-Up for 1,782 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.0K $13.44/SF
− Vacancy
−$1.2K −$0.67/SF
EGI
$22.8K $12.77/SF
− OpEx
−$6.8K −$3.83/SF
NOI
$15.9K $8.94/SF
Area
Spartanburg County, SC
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,540
Cap Rate 7%
$227,529
Cap Rate 9%
$176,967
Alternative Uses
Best Use
Multifamily LT 5
$227.5K
$199.1K – $265.5K
NOI $15,927 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$209.6K
$183.4K – $244.5K
NOI $14,671 @ 7.0% cap · market cap 5.54%
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,838 @ 7.0% cap · market cap 36.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 29303, SC
26,793
Population
10,891
Households
2.5
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
32.4 sq mi
ZIP Area
827
Density / Sq Mi
$45,713
Median Household Income
$24,506
Median Earnings
$968
Median Rent
$143,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with distinct heating systems and functional layouts.
Where is this duplex located?
The property is located at 200 Rosecrest Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit; 1,782 square feet on almost 1.5 acres; Professionally waterproofed crawlspace
