Spartanburg Duplex: Investment
394 Sequoia Dr Spartanburg, SC 29306
394 Sequoia Dr, Spartanburg, SC, 29306
$205,000
For Sale
$205,000
1,890 SF Multifamily Property
Property Size1,890 SF
Lot Size0.04 Acres
Price / SF$108.47
Days on Market541
Property Features for 394 Sequoia Dr
General Information
- Standard status
- Active
- Property type
- Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
- Size
- 1,890 SF
- Elevators
- N/A
- Lot size
- 0.04 Acres
Building Details
- Year Built
- 1973
- Buildings
- 2
- Stories
- 1
- Units
- 2
Listing Office
(864) 404-7677
Listed by
David
(864) 404-7677
Added: Jan 22, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This fully occupied brick duplex is situated on the west side of Spartanburg, South Carolina. The property, identified as Spartanburg County TMS#: 6-26-11-012.00, features a total of 1,890 square feet, divided into two nearly identical units. Each unit includes two bedrooms and one full bathroom, spanning approximately 945 square feet. The property is located on a 0.043388 acre lot on a quiet street with minimal through traffic. This duplex represents a strong addition to any investment portfolio, providing immediate rental income. Additional duplexes in the area are also available for those seeking to expand their holdings.
Key Highlights
- Spartanburg County TMS#: 6‑26‑11‑012.00
- Fully occupied brick duplex
- Both units have two (2) bedrooms and one (1) full bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $13.44 |
| − Vacancy | −$1.3k | −$0.67 |
| EGI | $24.1k | $12.77 |
| − OpEx | −$7.2k | −$3.83 |
| NOI | $16.9k | $8.94 |
1,890 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.3K
$211.2K – $281.5K
NOI $16,892 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$222.3K
$194.5K – $259.3K
NOI $15,560 @ 7.0% cap · market cap 7.59%
Theoretical Best
Warehouse
$1.47M
$1.28M – $1.71M
NOI $102,707 @ 7.0% cap · market cap 50.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income homes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - 1,890 SF Multifamily Property
Where is this multifamily property located?
The property is located at 394 Sequoia Dr Spartanburg, SC.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Spartanburg County TMS#: 6‑26‑11‑012.00; Fully occupied brick duplex; Both units have two (2) bedrooms and one (1) full bath
