Historic Two-Unit
For Sale
Contact for pricing
121 Saluda Street, Cowpens, SC 29330
Two-story duplex with separate units, a front porch, and original architectural character.
Property Size1,512 SF
Price / SF$18.85
Days on Market253
Property Features for 121 Saluda Street
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
restore
Additional Details
Multifamily Units
2
Amenities
Metal
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Blackstream International RE
Listed By:
Renee Hoeffner
(864) 553-1998
Source:
Kw
Added: Feb 5
Changed: Oct 15
Last Checked: Oct 14 at 9:55PM
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 Blackstream International RE
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Investment Insights
Based on property information with market context.
Built in 1900, this two-story duplex contains two separate units within a 1,512-square-foot structure. The property retains original architectural character, a classic front porch, and metal exterior elements, creating a restoration-focused residential asset with distinct unit configuration.
Located at 121 Saluda Street in Cowpens, the property is within Spartanburg County and offers access to local shops, schools, and commuter routes. Its layout supports separate residential occupancy, subject to verification of zoning, building requirements, utilities, and intended use with the appropriate governing authorities.
Located at 121 Saluda Street in Cowpens, the property is within Spartanburg County and offers access to local shops, schools, and commuter routes. Its layout supports separate residential occupancy, subject to verification of zoning, building requirements, utilities, and intended use with the appropriate governing authorities.
Key Highlights
- Two‑story duplex with two separate units
- 1,512‑square‑foot structure
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,448
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,960
$249.0K
Cap Rate 7%
$177,829
$177.8K
Cap Rate 9%
$138,311
$138.3K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$24.0K $15.84/SF
− Vacancy
−$1.3K −$0.87/SF
EGI
$22.6K $14.97/SF
− OpEx
−$10.2K −$6.74/SF
NOI
$12.4K $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%
$248,960
Cap Rate 7%
$177,829
Cap Rate 9%
$138,311
Alternative Uses
Best Use
Multifamily LT 5
$193.1K
$168.9K – $225.2K
NOI $13,514 @ 7.0% cap · market cap 47.42%
Second Best
Apartment 5plus
$177.8K
$155.6K – $207.5K
NOI $12,448 @ 7.0% cap · market cap 43.68%
Theoretical Best
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,166 @ 7.0% cap · market cap 288.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 29330, SC
8,302
Population
3,852
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
80%
High-School Grad
35.8 sq mi
ZIP Area
232
Density / Sq Mi
$47,025
Median Household Income
$36,082
Median Earnings
$842
Median Rent
$145,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with separate units, a front porch, and original architectural character.
Where is this duplex located?
The property is located at 121 Saluda Street Cowpens, SC.
What are key features of this property?
This property features: Two‑story duplex with two separate units; 1,512‑square‑foot structure; Built in 1900
