New Two-Unit Duplex Under
For Sale
$399,000
155 Ferguson Street, Moore, SC 29369
MULTI_FAMILY - Moore, SC
Property Size2,582 SF
Lot Size0.50 Acres
Price / SF$154.53
Days on Market60
Property Features for 155 Ferguson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
9
Rooms
Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 1, Bedroom 6
Elementary school
6-Anderson Mill
Middle school
6-Dawkins Middle
High school
6-Dorman High
Elementary school district
6 Sptbg Co
Middle school district
6 Sptbg Co
High school district
6 Sptbg Co
Directions
Start at 1707 John B White Sr Blvd. Head north. Turn right onto John B White Sr Blvd. Go for 0.4 mi. Turn right onto Hidden Hill Rd. Continue on Old Anderson Mill Rd.Go for 0.6 mi. Turn left onto Bethlehem Church Rd. Turn left.
Subdivision
Moore
Standard status
Active
Size
2,582 SF
Lot size
0.50 Acres
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Realty
(864) 574-6000
Listed By:
Gina Moroz
(864) 999-0773
Added: Jun 18
Changed: Aug 14
Last Checked: Aug 16 at 5:06AM
MLS# 338888
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.
New construction duplex in Moore, SC, currently under construction (Year built 2025). The property offers two spacious, tenant-occupied units. Each unit is designed with an open-concept floor plan, luxury vinyl plank flooring, contemporary kitchens, and a comfortable primary suite. Layout includes three bedrooms and two bathrooms, along with an additional office room per unit.
The duplex is set on a 0.50-acre lot and provides approximately 1,291 square feet of modern living space. The location offers convenient access to Spartanburg, Greenville, shopping and dining, and major highways.
This two-unit configuration can support a live-in-and-rent arrangement or serve as an investment property with tenants already in place.
The duplex is set on a 0.50-acre lot and provides approximately 1,291 square feet of modern living space. The location offers convenient access to Spartanburg, Greenville, shopping and dining, and major highways.
This two-unit configuration can support a live-in-and-rent arrangement or serve as an investment property with tenants already in place.
Key Highlights
- Under‑construction duplex with Year built 2025
- Two tenant‑occupied units
- Each unit has three bedrooms, two bathrooms, and an office room
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
$23,077
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
5.78%
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%
$461,540
$461.5K
Cap Rate 7%
$329,671
$329.7K
Cap Rate 9%
$256,411
$256.4K
Market Conditions
NOI Build-Up for 2,582 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
$34.7K $13.44/SF
− Vacancy
−$1.7K −$0.67/SF
EGI
$33.0K $12.77/SF
− OpEx
−$9.9K −$3.83/SF
NOI
$23.1K $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%
$461,540
Cap Rate 7%
$329,671
Cap Rate 9%
$256,411
Alternative Uses
Best Use
Multifamily LT 5
$329.7K
$288.5K – $384.6K
NOI $23,077 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$303.7K
$265.7K – $354.3K
NOI $21,257 @ 7.0% cap · market cap 5.33%
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,312 @ 7.0% cap · market cap 35.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 29369, SC
16,007
Population
6,453
Households
2.5
Avg Household Size
41
Median Age
32%
College-Educated
92%
High-School Grad
28.1 sq mi
ZIP Area
570
Density / Sq Mi
$82,002
Median Household Income
$47,000
Median Earnings
$1,429
Median Rent
$233,700
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 - Under-construction duplex with two tenant-occupied three-bedroom, two-bath units plus an office room on a half-acre lot.
Where is this duplex located?
The property is located at 155 Ferguson Street Moore, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Under‑construction duplex with Year built 2025; Two tenant‑occupied units; Each unit has three bedrooms, two bathrooms, and an office room
