Spartanburg Multifamily Investment
211 California Avenue Spartanburg, SC 29303
For Sale
$199,000
MULTI_FAMILY - Spartanburg, SC
Property Size1,500 SF
Lot Size0.17 Acres
Price / SF$132.67
Days on Market96
Property Features for 211 California Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Rooms
Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 8
Parking features
Off Street
Standard status
Active
Size
1,500 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2613
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
NorthGroup Real Estate
(864) 777-3021
Listed By:
Allen Williams · License #103166
(864) 376-2955
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 28 at 5:06AM
MLS# 336300
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.
Investment Insights
Based on property information with market context.
This multifamily property is located in Spartanburg, South Carolina, near Downtown Spartanburg, local hospitals, the new baseball stadium, colleges, shopping, dining, and major roadways, with access to Greenville. The property currently generates $1,800 per month in rental income and offers potential for increased rents. It is suitable for investors or owner-occupants looking to live in one unit and rent out the other. The property size is 1500 square feet, situated on a 0.17-acre lot.
Key Highlights
- Generating $1,800 per month in rental income
- Great investment or owner‑occupant setup with the ability to live in one unit and rent out the other
- Central air cooling with heat pump heating
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 | $20.2k | $13.44 |
| − Vacancy | −$1.0k | −$0.67 |
| EGI | $19.2k | $12.77 |
| − OpEx | −$5.7k | −$3.83 |
| NOI | $13.4k | $8.94 |
1,500 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.5K
$167.6K – $223.4K
NOI $13,406 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$176.4K
$154.4K – $205.8K
NOI $12,349 @ 7.0% cap · market cap 6.21%
Theoretical Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,514 @ 7.0% cap · market cap 40.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property near downtown Spartanburg with income potential.
Where is this duplex located?
The property is located at 211 California Avenue Spartanburg, SC.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Generating $1,800 per month in rental income; Great investment or owner‑occupant setup with the ability to live in one unit and rent out the other; Central air cooling with heat pump heating
