New Construction Duplex with
For Sale
$429,900
1778-1780 Ezell Road, Chesnee, SC 29323
Two three-bedroom units feature private garages, covered porches, separate patios, LVP flooring, and granite countertops.
Property Size2,160 SF
Price / SF$199.03
Days on Market119
Property Features for 1778-1780 Ezell Road
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$199
Amenities
LVP flooring
granite countertops
covered back porch
separate patio
garage
Electric
Electric, Heat Pump
Electric, Heat Punp
Architectural
1
Private
Stone, Vinyl Siding
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Brighten Real Estate Group
(864) 809-8805
Listed By:
Casey C Breitenbach · License #49440
(864) 809-8805
Source:
Compass
Added: May 6
Changed: Aug 30
Last Checked: Aug 31 at 9:38PM
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 Brighten Real Estate Group
Investment Insights
Based on property information with market context.
This 2026-built duplex contains two residential units, with each side offering three bedrooms, two full bathrooms, a private garage, a covered back porch, and a separate patio. Interior finishes include LVP flooring and granite countertops, creating a practical configuration for residential occupancy.
The property is located on Ezell Road between Chesnee and Boiling Springs, South Carolina. Its two-unit layout provides separate living spaces within one building, with private outdoor areas and garage access assigned to each side.
The property is located on Ezell Road between Chesnee and Boiling Springs, South Carolina. Its two-unit layout provides separate living spaces within one building, with private outdoor areas and garage access assigned to each side.
Key Highlights
- 2026‑built duplex with two separate residential units
- Each unit includes 3 bedrooms and 2 full baths
- Private garage provided for each side
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
$19,305
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
4.49%
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%
$386,100
$386.1K
Cap Rate 7%
$275,786
$275.8K
Cap Rate 9%
$214,500
$214.5K
Market Conditions
NOI Build-Up for 2,160 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
$29.0K $13.44/SF
− Vacancy
−$1.5K −$0.67/SF
EGI
$27.6K $12.77/SF
− OpEx
−$8.3K −$3.83/SF
NOI
$19.3K $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 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%
$386,100
Cap Rate 7%
$275,786
Cap Rate 9%
$214,500
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,305 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$254.0K
$222.3K – $296.4K
NOI $17,783 @ 7.0% cap · market cap 4.14%
Theoretical Best
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,380 @ 7.0% cap · market cap 27.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 29323, SC
16,488
Population
6,266
Households
2.6
Avg Household Size
41
Median Age
18%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
232
Density / Sq Mi
$59,753
Median Household Income
$41,223
Median Earnings
$838
Median Rent
$187,700
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 - Two three-bedroom units feature private garages, covered porches, separate patios, LVP flooring, and granite countertops.
Where is this duplex located?
The property is located at 1778-1780 Ezell Road Chesnee, SC.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2026‑built duplex with two separate residential units; Each unit includes 3 bedrooms and 2 full baths; Private garage provided for each side
