New Duplex with Covered
For Sale
$495,000
Pending
235-237 Bobo Drive, Inman, SC 29349
New two-unit duplex offering 3 bedrooms, 2.5 baths per unit, and covered back patios on a 1.01-acre lot.
Property Size3,122 SF
Lot Size1.01 Acres
Days on Market325
Property Features for 235-237 Bobo Drive
General Information
Standard status
Pending
Size
3,122 SF
Lot size
1.01 Acres
Property subtype
Multi-Family / Duplex
Additional Details
Clear Height
9 ft
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$234
Amenities
covered back patios
9-foot ceilings
quartz countertops
waterproof flooring
walk-in closets
double vanity
walk-in laundry room
Gas
Central Forced
Forced Air
Composition Shingle
2
Private
Stone, Vinyl Siding
Building Details
Year Built
2026
Tenancy
Multi
Listing Agency:
Reznik Real Estate LLC
Listed By:
Tatyana Curdoglo · License #110893
(864) 747-5561
Source:
Compass
Added: Oct 19, 2025
Changed: Aug 8
Last Checked: Jul 22 at 7:01PM
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 Reznik Real Estate LLC
Investment Insights
Based on property information with market context.
Newly built duplex designed as two separate units, with 1,561 square feet of living space in each. The layout includes 3 bedrooms and 2.5 bathrooms per unit, featuring an en-suite primary bedroom with a spacious walk-in closet and double vanity, plus an upstairs walk-in laundry room in each unit.
Interior finishes include open-concept living with 9-foot ceilings, quartz countertops, and waterproof flooring throughout. Outside, each unit provides a covered back patio, and the property is sited on a large 1.01-acre lot with grass and trees for added outdoor space.
The duplex is located at 235-237 Bobo Drive in Inman, SC 29349, offering straightforward, well-separated two-family configuration for buyers seeking a duplex property.
Interior finishes include open-concept living with 9-foot ceilings, quartz countertops, and waterproof flooring throughout. Outside, each unit provides a covered back patio, and the property is sited on a large 1.01-acre lot with grass and trees for added outdoor space.
The duplex is located at 235-237 Bobo Drive in Inman, SC 29349, offering straightforward, well-separated two-family configuration for buyers seeking a duplex property.
Key Highlights
- New 2‑story duplex (2026) with stone and vinyl siding and a composition shingle roof
- Two units, each with 1,561 SF of living space
- Each unit offers 3 bedrooms and 2.5 bathrooms, including a primary suite with a walk‑in closet and double vanity
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
$27,903
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
5.64%
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%
$558,060
$558.1K
Cap Rate 7%
$398,614
$398.6K
Cap Rate 9%
$310,033
$310.0K
Market Conditions
NOI Build-Up for 3,122 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
$42.0K $13.44/SF
− Vacancy
−$2.1K −$0.67/SF
EGI
$39.9K $12.77/SF
− OpEx
−$12.0K −$3.83/SF
NOI
$27.9K $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%
$558,060
Cap Rate 7%
$398,614
Cap Rate 9%
$310,033
Alternative Uses
Best Use
Multifamily LT 5
$398.6K
$348.8K – $465.1K
NOI $27,903 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$367.2K
$321.3K – $428.4K
NOI $25,703 @ 7.0% cap · market cap 5.19%
Theoretical Best
Warehouse
$2.42M
$2.12M – $2.83M
NOI $169,657 @ 7.0% cap · market cap 34.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9 ft
Clear height
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 29349, SC
36,458
Population
15,118
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
76.9 sq mi
ZIP Area
474
Density / Sq Mi
$74,363
Median Household Income
$42,604
Median Earnings
$917
Median Rent
$233,400
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 - New two-unit duplex offering 3 bedrooms, 2.5 baths per unit, and covered back patios on a 1.01-acre lot.
Where is this duplex located?
The property is located at 235-237 Bobo Drive Inman, SC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: New 2‑story duplex (2026) with stone and vinyl siding and a composition shingle roof; Two units, each with 1,561 SF of living space; Each unit offers 3 bedrooms and 2.5 bathrooms, including a primary suite with a walk‑in closet and double vanity
