Newer Duplex on Spacious
For Sale
$404,900
171 Sandifer Rd, Spartanburg, SC 29303
Built in 2022, this two-unit property offers newer construction, a generous yard, and flexibility for investment or owner occupancy.
Property Size2,356 SF
Price / SF$171.86
Days on Market72
Property Features for 171 Sandifer Rd
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-Family
Listing Agency:
Affinity Group Realty
Listed By:
Ruslan Barabolkin
(864) 432-6565
Source:
Greenvilleheartproperties
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 15 at 4:47AM
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 was completed in 2022 and occupies a 0.49-acre lot with a generous yard. Newer construction, modern systems, updated finishes, and low-maintenance features support practical day-to-day ownership. The property also has no HOA and no restrictive covenants.
Located minutes from Boiling Springs, the property offers flexibility for an investor seeking rental income or an owner-occupant planning to live in one unit while leasing the other. Its two-unit configuration supports both strategies without limiting the property to a single use.
Located minutes from Boiling Springs, the property offers flexibility for an investor seeking rental income or an owner-occupant planning to live in one unit while leasing the other. Its two-unit configuration supports both strategies without limiting the property to a single use.
Key Highlights
- Duplex built in 2022
- Situated on a 0.49‑acre lot
- Generous yard with room for outdoor use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,057
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,140
$421.1K
Cap Rate 7%
$300,814
$300.8K
Cap Rate 9%
$233,967
$234.0K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$31.7K $13.44/SF
− Vacancy
−$1.6K −$0.67/SF
EGI
$30.1K $12.77/SF
− OpEx
−$9.0K −$3.83/SF
NOI
$21.1K $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 Rate 5%
$421,140
Cap Rate 7%
$300,814
Cap Rate 9%
$233,967
Alternative Uses
Best Use
Multifamily LT 5
$300.8K
$263.2K – $351.0K
NOI $21,057 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,397 @ 7.0% cap · market cap 4.79%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $128,031 @ 7.0% cap · market cap 31.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
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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 - Built in 2022, this two-unit property offers newer construction, a generous yard, and flexibility for investment or owner occupancy.
Where is this duplex located?
The property is located at 171 Sandifer Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: Duplex built in 2022; Situated on a 0.49‑acre lot; Generous yard with room for outdoor use
