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    Well-Maintained Duplex Investment Title is generated by Realmo AI

    200 Rosecrest Road, Spartanburg, SC 29303

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    For Sale
    $265,000

    MULTI_FAMILY - Spartanburg, SC

    Property size:
    1,782 SF
    Price / SF:
    $148/SF
    Added:
    Dec 30, 2025
    Days on Market:
    155
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 200 Rosecrest Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
    Parking features
    Carport
    Standard status
    Active
    Size
    1,782 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4685

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Arabella Hanna

    Listing agent Arabella Hanna License #144845

    Listing office Keller Williams Realty 1707 John B White Sr Blvd, Spartanburg, SC

    Listing date Dec 30, 2025

    MLS# 332142 Listing URL

    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

    • Duplex with 2 units; each side offers 2 bedrooms and 1 full bathroom
    • Sits on almost 1.5 acres, with a large adjacent lot for potential expansion or additional development (buyer to verify use)
    • Professionally waterproofed crawlspace for long‑term durability
    • Unit A equipped with an oil furnace for heating; Unit B features a heat pump
    • Central air cooling and heat pump heating are listed for the property
    • Public water and public sewer; composition roof; carport parking

    Overview

    This well-maintained duplex is set up as a dependable income property with two identical living options: each unit includes 2 bedrooms and 1 full bathroom. The crawlspace has been professionally waterproofed, which is a meaningful improvement for long-term durability and peace of mind. Unit A is heated with an oil furnace, while Unit B uses a heat pump, giving the property two different heating systems.

    The home sits on almost 1.5 acres and includes a large adjacent lot that may support future growth. The additional land provides potential for expansion, additional development, or increased value over time, subject to buyer verification of use. The property is located in an established area of Spartanburg.

    For investors, this duplex can fit a buy-and-hold rental strategy or a house-hack approach, depending on your occupancy goals. The combination of a clear two-unit layout and documented crawlspace waterproofing supports straightforward underwriting, while the extra lot offers an opportunity to create further value. Buyers seeking a residential income property with practical upgrades and potential upside will want to review the expansion possibilities during due diligence.

    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 $24.0k $13.44
    − Vacancy −$1.2k −$0.67
    EGI $22.8k $12.77
    − OpEx −$6.8k −$3.83
    NOI $15.9k $8.94
    1,782 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $227.5K
    $199.1K – $265.5K (±1% cap)
    NOI $15,927 @ 7.0% cap · market cap 6.01%
    Second Best
    Apartment 5plus
    $209.6K
    $183.4K – $244.5K (±1% cap)
    NOI $14,671 @ 7.0% cap · market cap 5.54%
    Theoretical Best
    Warehouse
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,838 @ 7.0% cap · market cap 36.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store Pharmacy Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.931335
    Latitude
    35.010721

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with flexible heating options and a waterproofed crawlspace on a large adjacent lot.
    Where is this duplex located?
    The property is located at 200 Rosecrest 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: Duplex with 2 units; each side offers 2 bedrooms and 1 full bathroom; Sits on almost 1.5 acres, with a large adjacent lot for potential expansion or additional development (buyer to verify use); Professionally waterproofed crawlspace for long‑term durability
    (864) 590-7887
    We can help!
    Listing Contact
    Arabella Hanna
    Real Estate License ID: 144845
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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