Updated Duplex with
For Sale
$294,900
129 Pisgah Dr, Spartanburg, SC 29303
Two-unit property on a spacious residential parcel with recent exterior and mechanical improvements.
Property Size2,058 SF
Lot Size0.75 Acres
Price / SF$143.29
Days on Market51
Property Features for 129 Pisgah Dr
General Information
Standard status
Active
Size
2,058 SF
Lot size
0.75 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
huge yard
fresh landscaping
large backyard patio
Listing Agency:
Affinity Group Realty
Listed By:
Ruslan Barabolkin
(864) 432-6565
Source:
Greenvilleheartproperties
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 15 at 12:26AM
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 Affinity Group Realty
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Investment Insights
Based on property information with market context.
This duplex contains 2,058 square feet on a 0.75-acre lot in Spartanburg, South Carolina. The property includes a large yard, updated landscaping, and a backyard patio that expands the usable outdoor area. Recent improvements include a brand-new roof, new HVAC units, and new gutters.
The property is located at 129 Pisgah Dr and carries no HOA or stated restrictions. Its two-unit configuration supports separate occupancy within the same building, while the lot provides substantial outdoor space around the improvements.
The property is located at 129 Pisgah Dr and carries no HOA or stated restrictions. Its two-unit configuration supports separate occupancy within the same building, while the lot provides substantial outdoor space around the improvements.
Key Highlights
- 2,058‑square‑foot duplex on a 0.75‑acre lot
- Brand‑new roof, new HVAC units, and new gutters
- Large yard with fresh landscaping and backyard patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,394
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,880
$367.9K
Cap Rate 7%
$262,771
$262.8K
Cap Rate 9%
$204,378
$204.4K
Market Conditions
NOI Build-Up for 2,058 SF
Gross rent
$27.7K $13.44/SF
− Vacancy
−$1.4K −$0.67/SF
EGI
$26.3K $12.77/SF
− OpEx
−$7.9K −$3.83/SF
NOI
$18.4K $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 Rate 5%
$367,880
Cap Rate 7%
$262,771
Cap Rate 9%
$204,378
Alternative Uses
Best Use
Multifamily LT 5
$262.8K
$229.9K – $306.6K
NOI $18,394 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$242.0K
$211.8K – $282.4K
NOI $16,943 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,837 @ 7.0% cap · market cap 37.92%
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
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 29303, SC
26,793
Population
10,891
Households
2.5
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
32.4 sq mi
ZIP Area
827
Density / Sq Mi
$45,713
Median Household Income
$24,506
Median Earnings
$968
Median Rent
$143,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property on a spacious residential parcel with recent exterior and mechanical improvements.
Where is this duplex located?
The property is located at 129 Pisgah Dr Spartanburg, SC.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 2,058‑square‑foot duplex on a 0.75‑acre lot; Brand‑new roof, new HVAC units, and new gutters; Large yard with fresh landscaping and backyard patio
