Three-Duplex Multifamily
New
For Sale
$925,000
108 Bentwood Circle, Spartanburg, SC 29307
Six three-bedroom, two-bath residences offer house-style layouts on Spartanburg’s Eastside.
Property Size8,154 SF
Price / SF$113.44
Days on Market6
Property Features for 108 Bentwood Circle
General Information
Standard status
Active
Size
8,154 SF
Property subtype
Multi-Family
Units
Unit Mix
6 x 3BR/2BA
Multifamily Units
6
Building Details
Year Built
2004
Buildings
3
Listing Agency:
Marie Graziano, Open House Realty, LLC
Listed By:
XSell Upstate
(864) 659-7355
Source:
Xsellupstate
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marie Graziano, Open House Realty, LLC
Investment Insights
Based on property information with market context.
Three duplex buildings at 108 Bentwood Circle contain six residential units, each configured with three bedrooms, two bathrooms, living areas, and a functional kitchen. The property totals 8,154 square feet and was built in 2004. The individual residences have layouts comparable to single-family homes.
The property is in the Hillbrook neighborhood on the Eastside of Spartanburg. Local parks, schools, retail, and dining are described as a short drive away. The six-unit configuration is spread across three separate buildings, with each unit offering the same bedroom and bathroom count.
The property is in the Hillbrook neighborhood on the Eastside of Spartanburg. Local parks, schools, retail, and dining are described as a short drive away. The six-unit configuration is spread across three separate buildings, with each unit offering the same bedroom and bathroom count.
Key Highlights
- Three separate duplex buildings with six units total
- Each residence has 3 bedrooms and 2 bathrooms
- 8,154 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,131
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,620
$1.3M
Cap Rate 7%
$959,014
$959.0K
Cap Rate 9%
$745,900
$745.9K
Market Conditions
NOI Build-Up for 8,154 SF
Gross rent
$129.2K $15.84/SF
− Vacancy
−$7.1K −$0.87/SF
EGI
$122.1K $14.97/SF
− OpEx
−$54.9K −$6.74/SF
NOI
$67.1K $8.23/SF
Area
Spartanburg County, SC
Vacancy
5.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,620
Cap Rate 7%
$959,014
Cap Rate 9%
$745,900
Alternative Uses
Best Use
Apartment 5plus
$959.0K
$839.1K – $1.12M
NOI $67,131 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.33M
$5.54M – $7.39M
NOI $443,109 @ 7.0% cap · market cap 47.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 29307, SC
19,034
Population
8,946
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
86%
High-School Grad
44.7 sq mi
ZIP Area
426
Density / Sq Mi
$61,330
Median Household Income
$39,543
Median Earnings
$1,043
Median Rent
$207,800
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?
Multifamily property - Six three-bedroom, two-bath residences offer house-style layouts on Spartanburg’s Eastside.
Where is this multifamily property located?
The property is located at 108 Bentwood Circle Spartanburg, SC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three separate duplex buildings with six units total; Each residence has 3 bedrooms and 2 bathrooms; 8,154 square feet
