Brick Duplex with Open
For Sale
$280,000
129 Clint Court, Spartanburg, SC 29307
MULTIFAMILY, Spartanburg, SC
Property Size2,026 SF
Price / SF$138.20
Days on Market158
Property Features for 129 Clint Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Driveway
Elementary school
7-Jesse Boyd
Middle school
7-McCraken J
High school
7-Spartanburg
Elementary school district
7 Sptbg Co
Middle school district
7 Sptbg Co
High school district
7 Sptbg Co
Directions
East main street TR on Zion Hill Rd--TL on Meadowbrook Dr--TR on Brentwood circle--TL on Clint court house on right
Subdivision
Spartanburg
Standard status
Active
Size
2,026 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3290
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
appliances
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Listing Agency:
Coldwell Banker Caine Real Est · Coldwell Banker Real Estate
(864) 585-8713
Listed By:
Lindsay Blanton · License #67700
(864) 237-7291
Added: Mar 27
Changed: Aug 26
Last Checked: Aug 31 at 7:06PM
MLS# 335158
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 2,026-square-foot duplex, built in 1984, contains two residences with matching layouts. Each side provides two bedrooms and 1.5 baths, along with an open arrangement connecting the kitchen, dining area, and living room. Appliances remain with the property, and the brick exterior provides a durable finished facade.
The property sits on a cul-de-sac street in Spartanburg, SC, with driveway parking. Heating and cooling are provided by heat pumps. Public water and septic service support the building.
The property sits on a cul-de-sac street in Spartanburg, SC, with driveway parking. Heating and cooling are provided by heat pumps. Public water and septic service support the building.
Key Highlights
- Two‑unit duplex with 2,026 square feet
- Each unit includes 2 bedrooms and 1.5 baths
- Open kitchen, dining, and living room layout in each residence
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
$18,108
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
6.47%
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%
$362,160
$362.2K
Cap Rate 7%
$258,686
$258.7K
Cap Rate 9%
$201,200
$201.2K
Market Conditions
NOI Build-Up for 2,026 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
$27.2K $13.44/SF
− Vacancy
−$1.4K −$0.67/SF
EGI
$25.9K $12.77/SF
− OpEx
−$7.8K −$3.83/SF
NOI
$18.1K $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%
$362,160
Cap Rate 7%
$258,686
Cap Rate 9%
$201,200
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.4K – $301.8K
NOI $18,108 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$238.3K
$208.5K – $278.0K
NOI $16,680 @ 7.0% cap · market cap 5.96%
Theoretical Best
Warehouse
$1.57M
$1.38M – $1.83M
NOI $110,098 @ 7.0% cap · market cap 39.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
21
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, 1.5 baths, and connected kitchen, dining, and living areas.
Where is this duplex located?
The property is located at 129 Clint Court Spartanburg, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,026 square feet; Each unit includes 2 bedrooms and 1.5 baths; Open kitchen, dining, and living room layout in each residence
