Spartanburg Multifamily Investment
203 Caulder Circle, Spartanburg, SC 29306
MULTI_FAMILY - Spartanburg, SC
Property size:
5,970 SFLot size:
0.53 AcresPrice / SF:
$49/SF- Added:
- Mar 12, 2026
- Days on Market:
- 79
- Last Refresh:
- May 29 at 2:06 pm
Property Features for 203 Caulder Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,970 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1094
Utilities
- Sewer type
- Public Sewer
- Heating system
- None (Heating)
- Cooling system
- None (Cooling)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Roof type
- Composition
Listing agent Robert Turchetta License #66635 (864) 909-6991
Listing office Brand Name Real Estate Upstate 4 Carriage Lane, Suite 106, Charleston, SC (843) 737-0708
Listing date Mar 12, 2026
MLS# 334564
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
- High‑upside value‑add investment opportunity with potential for significant equity creation through a 7‑unit conversion.
- Partially renovated building shell with completed major structural improvements (updated roof rafters and flooring systems) reduces early‑stage construction risk and cost.
- Potential to create a strong cash‑flowing asset with 7 income‑producing rental units, laundry center, and rentable storage space.
- Projected 9.4% CAP rate based on estimated rents of $1,250/month per unit and a 35% expense ratio.
- Suitable for various investment strategies: BRRRR, Long Term Hold, and Short Term Rental.
- Located close to employment and recreation.
Overview
This partially renovated building in Spartanburg, SC, presents a high-upside, value-add investment opportunity. The property, suitable for conversion into up to 7 income-producing rental units, also includes space for a laundry center and rentable storage. Major structural improvements, including updated roof rafters and flooring systems, have already been completed. The building features 11-foot ceilings. The property size is 5970 square feet, situated on a 0.53-acre lot. Located close to employment and recreation, the property offers various options, including BRRRR strategy, long-term hold, and short-term rental. The property is positioned to be completed as up to 7 income-producing rental units, a laundry center, and rentable storage space, giving investors the opportunity to create a strong cash-flowing asset.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.925021
- Latitude
- 34.933272
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add investment: partially renovated building for up to 7 units.
Where is this apartment building located?
The property is located at 203 Caulder Circle Spartanburg, SC.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: High‑upside value‑add investment opportunity with potential for significant equity creation through a 7‑unit conversion.; Partially renovated building shell with completed major structural improvements (updated roof rafters and flooring systems) reduces early‑stage construction risk and cost.; Potential to create a strong cash‑flowing asset with 7 income‑producing rental units, laundry center, and rentable storage space.
