Leased Duplex
124 Bonner Road Spartanburg, SC 29303
For Sale
$250,000
Duplex with two leased units, each offering 2 bedrooms and 1.5 bathrooms.
Property Size1,702 SF
Price / SF$146.89
Days on Market92
Property Features for 124 Bonner Road
General Information
- Standard status
- Active
- Size
- 1,702 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1980
Listing Agency:
Fathom Realty - Woodruff Rd.
(864) 419-5116
Listed By:
Christina Kerwin
Source:
Compass
Added: Apr 23
Changed: Jul 22
Last Checked: Jul 23 at 9:37AM
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 Fathom Realty - Woodruff Rd.
Investment Insights
Based on property information with market context.
This duplex provides two well-maintained residential units, with each unit featuring 2 bedrooms and 1.5 bathrooms. Both units are currently leased through October 2026. The property has also been maintained over time, including a roof replacement completed about three years ago.
Located near the Eastside of Spartanburg, the property is within 10 minutes of USC Upstate and Wofford College.
Offered for sale, the configuration supports immediate occupancy with both units already under lease as of the listed information.
Located near the Eastside of Spartanburg, the property is within 10 minutes of USC Upstate and Wofford College.
Offered for sale, the configuration supports immediate occupancy with both units already under lease as of the listed information.
Key Highlights
- Duplex with 2 units, each unit offers 2 bedrooms and 1.5 bathrooms
- Both units are currently leased through October 2026
- Roof replaced about 3 years ago; vinyl siding exterior
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 | $22.9k | $13.44 |
| − Vacancy | −$1.1k | −$0.67 |
| EGI | $21.7k | $12.77 |
| − OpEx | −$6.5k | −$3.83 |
| NOI | $15.2k | $8.94 |
1,702 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.3K
$190.2K – $253.5K
NOI $15,212 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$200.2K
$175.2K – $233.5K
NOI $14,012 @ 7.0% cap · market cap 5.60%
Theoretical Best
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,491 @ 7.0% cap · market cap 37.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two leased units, each offering 2 bedrooms and 1.5 bathrooms.
Where is this duplex located?
The property is located at 124 Bonner Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with 2 units, each unit offers 2 bedrooms and 1.5 bathrooms; Both units are currently leased through October 2026; Roof replaced about 3 years ago; vinyl siding exterior
