164 N Cleveland Park Dr Drive, Spartanburg, SC 29303
Triplex - Spartanburg, SC
- Added:
- May 15, 2026
- Days on Market:
- 29
- Last Refresh:
- Jun 12 at 11:06 pm
Property Features for 164 N Cleveland Park Dr Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1563
Building Details
- Number of units
- 3
- Architectural style
- Other
Listing agent Ricky Fields License #135913 (864) 612-0492
Listing office Belle Realty and Associates 134 Garner Rd, Spartanburg, SC (864) 381-8075
Listing date May 15, 2026
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.
HighLights
- Pre‑framed upper level for two separate units (2‑bed/2‑bath and 3‑bed/2‑bath) significantly reduces renovation time and costs.
- Excellent location near Downtown Spartanburg and Business I‑85 provides convenient access and growth potential.
- Substantial square footage (approximately 1,500 sqft upper, 1,600 sqft lower) offers diverse development options.
- Electrical, plumbing, and framing already completed on the upper level, saving time and money.
- Blank slate lower level allows for complete customization and creative design.
- Spartanburg County drainage and stormwater improvements planned for the rear of the property.
Overview
Local 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 | $21.5k | $13.44 |
| − Vacancy | −$1.1k | −$0.67 |
| EGI | $20.4k | $12.77 |
| − OpEx | −$6.1k | −$3.83 |
| NOI | $14.3k | $8.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.9647
- Latitude
- 35.0096
