Two-Unit Renovated
For Sale
$265,000
1676 Old Charlotte Road, Spartanburg, SC 29307
Both residences offer a two-bedroom, one-bathroom layout, with interior renovations completed in March 2025.
Property Size1,935 SF
Days on Market9
Property Features for 1676 Old Charlotte Road
General Information
Standard status
Active
Size
1,935 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$950
Highway Access
Yes
Tenant in Place
Yes
Amenities
Acres: 0.75, Area: 32670, Dimensions: 300 x 800, Square Feet: 32670
Roof: Composition
Sewer: Public Sewer
Tax Annual Amount: $8,033
Cooling Included, Cooling: Electric
Heating Included, Heating: Electric
Contract Status Change Date: 2026-10-16, Listing Terms: None, Standard Status: Active
Open Parking, Parking Features: Paved
Elementary School: Houston, Middle Or Junior School: McCraken, High School: Spartanburg
4 total bedrooms
Built in 1935, Construction Materials: Vinyl Siding, Levels: Two, Stories: 2
City: Spartanburg, County Or Parish: Spartanburg, MLS Area Major: 015, Postal Code: 29307, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: 70914035.00, Property Condition: 50+, Property Sub Type: Duplex
2 full bathrooms, 2 total bathrooms
Water Source: Public
Foundation Details: Crawl Space/Slab
Patio And Porch Features: Unit 2: Deck
Appliances: Electric Water Heater
Building Details
Building Size
1,935 SF
Year Built
1935
Year Renovated
2025
Buildings
1
Stories
2
Listing Agency:
EXP Realty LLC
(888) 440-2798
Listed By:
Grant Mcdowell · License #107576
(864) 590-9019
Source:
Blackstreaminternational
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 4:59AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This two-story duplex in Spartanburg contains two residences, each configured with two bedrooms and one full bathroom. Interior renovations were completed in March 2025. In May 2025, the drainage line running from the dwelling to the street was excavated and replaced.
The property is on the city’s east side, just off Highway 29, with shopping, dining, schools, and everyday services noted nearby. The building dates to 1935.
The property is on the city’s east side, just off Highway 29, with shopping, dining, schools, and everyday services noted nearby. The building dates to 1935.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Interior renovations completed in March 2025
- Drainage system from the dwelling to the street replaced in May 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,294
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,880
$345.9K
Cap Rate 7%
$247,057
$247.1K
Cap Rate 9%
$192,156
$192.2K
Market Conditions
NOI Build-Up for 1,935 SF
Gross rent
$26.0K $13.44/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$24.7K $12.77/SF
− OpEx
−$7.4K −$3.83/SF
NOI
$17.3K $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%
$345,880
Cap Rate 7%
$247,057
Cap Rate 9%
$192,156
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$227.6K
$199.1K – $265.5K
NOI $15,931 @ 7.0% cap · market cap 6.01%
Theoretical Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $105,153 @ 7.0% cap · market cap 39.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
616
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a two-bedroom, one-bathroom layout, with interior renovations completed in March 2025.
Where is this duplex located?
The property is located at 1676 Old Charlotte Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Interior renovations completed in March 2025; Drainage system from the dwelling to the street replaced in May 2025
