Three-Home Multifamily
218 - 220 Spartanburg Street Greenville, SC 29607
For Sale
$549,900
MULTI_FAMILY - Greenville, SC
Property Size1,848 SF
Lot Size0.25 Acres
Price / SF$297.56
Days on Market48
Property Features for 218 - 220 Spartanburg Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 9
- Rooms
- Bedroom 9, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 8
- Standard status
- Active
- Size
- 1,848 SF
- Lot size
- 0.25 Acres
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Composition
Listing Agency:
Trelora Realty, INC
(480) 431-6557
Listed By:
Tiffany Jones
(629) 289-2295
Added: Jun 8
Changed: Jul 19
Last Checked: Jul 25 at 8:06PM
MLS# 338060
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 offering includes three single-family residences sold together on one parcel. Two of the homes are currently tenant occupied, while one is ready for move-in. Each residence offers a 3-bedroom layout, with the bathrooms varying by unit.
At 218 Spartanburg Street, the home features 3 bedrooms and 1 bathroom. At 220 Spartanburg Street, the home features 3 bedrooms and 2 bathrooms. The third residence, at 6 Mt Eustis St, features 3 bedrooms and 1 bathroom.
The property is described as being just minutes from downtown Greenville, with access to restaurants, shopping, parks, entertainment, and major highways.
At 218 Spartanburg Street, the home features 3 bedrooms and 1 bathroom. At 220 Spartanburg Street, the home features 3 bedrooms and 2 bathrooms. The third residence, at 6 Mt Eustis St, features 3 bedrooms and 1 bathroom.
The property is described as being just minutes from downtown Greenville, with access to restaurants, shopping, parks, entertainment, and major highways.
Key Highlights
- 3 single‑family residences on one parcel—218 Spartanburg, 220 Spartanburg, and 6 Mt Eustis St
- 218 Spartanburg: 3 bedrooms and 1 bathroom
- 220 Spartanburg: 3 bedrooms and 2 bathrooms
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 | $28.4k | $15.36 |
| − Vacancy | −$1.6k | −$0.84 |
| EGI | $26.8k | $14.52 |
| − OpEx | −$8.0k | −$4.35 |
| NOI | $18.8k | $10.16 |
1,848 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.2K
$234.7K – $313.0K
NOI $18,777 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$240.0K
$210.0K – $280.0K
NOI $16,801 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$789.6K
$690.9K – $921.2K
NOI $55,271 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three single-family residences are sold on one parcel, with two tenant-occupied and one available for move-in.
Where is this triplex located?
The property is located at 218 - 220 Spartanburg Street Greenville, SC.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3 single‑family residences on one parcel—218 Spartanburg, 220 Spartanburg, and 6 Mt Eustis St; 218 Spartanburg: 3 bedrooms and 1 bathroom; 220 Spartanburg: 3 bedrooms and 2 bathrooms
