Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Duplex Residence Title is generated by Realmo AI

    254 York Street, Chesnee, SC 29323

    View on Map
    Claim this Listing
    New
    For Sale
    $389,950

    MULTI_FAMILY - Chesnee, SC

    Property size:
    2,598 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $150/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 254 York Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2
    Standard status
    Active
    Size
    2,598 SF
    Lot size
    0.23 Acres

    Utilities

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

    Building Details

    Year built
    2022
    Floors in Building
    1

    We can help!

    Listing Contact
    Anatoly (Nathan) Shulikov

    Listing agent Anatoly (Nathan) Shulikov License #63658

    Listing office Shulikov Realty & Associates 5110 New Cut Rd, INMAN, SC

    Listing date Jun 1, 2026

    MLS# 337831 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 built in 2022 with central air and heat pump heating
    • Each unit features 3 bedrooms and 2 full bathrooms
    • Each unit includes a one‑car garage
    • Public water and public sewer
    • Both units are currently occupied by tenants

    Overview

    This for-sale duplex is well maintained and configured as two separate residential units. Each unit offers three bedrooms and two full bathrooms, along with a one-car garage. The property is presented as residential income housing with both units currently occupied.

    The duplex is located at 254 York Street in Chesnee, South Carolina, within walking distance of downtown. The site totals 0.23 acres and is sized at 2,598 square feet.

    For buyers seeking an income-producing residential asset, this property provides the benefit of existing tenant occupancy and an established unit layout with three-bedroom floorplans and attached one-car garage parking for each side. With both units described as occupied at the time of listing, it may appeal to investors looking for a turnkey holding structure. Prospective buyers and tenant applicants should confirm all lease terms, operating details, and condition specifics during their 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 $34.9k $13.44
    − Vacancy −$1.7k −$0.67
    EGI $33.2k $12.77
    − OpEx −$10.0k −$3.83
    NOI $23.2k $8.94
    2,598 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $331.7K
    $290.3K – $387.0K (±1% cap)
    NOI $23,220 @ 7.0% cap · market cap 5.95%
    Second Best
    Apartment 5plus
    $305.6K
    $267.4K – $356.5K (±1% cap)
    NOI $21,389 @ 7.0% cap · market cap 5.49%
    Theoretical Best
    Warehouse
    $2.02M
    $1.76M – $2.35M (±1% cap)
    NOI $141,182 @ 7.0% cap · market cap 36.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesnee
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.856729
    Latitude
    35.145859

    Nearby Similar for Sale

    • $250,000
      2,100 SF

      Prime Commercial Property in Chesnee

      Highly visible commercial property in Chesnee's growing downtown district.
      120 S Alabama Avenue, Chesnee, SC 29323
      View Details
    • $429,900
      2,693 SF

      New Duplex in Growing Location

      New construction duplex with strong income potential near Chesnee.
      1778/1780 Ezell Road, Chesnee, SC 29323
      View Details
    • $356,500
      3,589 SF

      Chesnee Duplex with Spacious Units

      Duplex with updated units, ideal for rental income.
      176 Sequoyah Drive, Chesnee, SC 29323
      View Details
    • $389,950
      2,598 SF

      Duplex with Two-Unit Rental

      Well maintained duplex in Chesnee offers two leased units with three bedrooms, two baths, and attached one-car garages.
      250 York Street, Chesnee, SC 29323
      View Details
    • $389,950

      Chesnee Duplex Investment Opportunity

      Duplex in Chesnee, SC, with rental income potential.
      303 Edgefiled Street, Chesnee, SC 29323
      View Details
    • $320,000
      2,012 SF

      Retail Property in Chesnee, SC

      Retail property available for sale in Chesnee, South Carolina.
      213 S Alabama Ave, Chesnee, SC
      View Details
    • $799,000

      Night Club with Tremendous Potential

      Well-located night club for sale with significant upside potential.
      To be disclosed, TBD, NC 29323
      View Details

    FAQs

    What type of property is this?
    Duplex - Two 3-bedroom, 2-bath units with one-car garages, currently occupied and generating immediate rental income.
    Where is this duplex located?
    The property is located at 254 York Street Chesnee, SC.
    What is the asking price?
    The asking price for this property is $389,950.
    What are key features of this property?
    This property features: Duplex built in 2022 with central air and heat pump heating; Each unit features 3 bedrooms and 2 full bathrooms; Each unit includes a one‑car garage
    (864) 494-4747
    We can help!
    Listing Contact
    Anatoly (Nathan) Shulikov
    Real Estate License ID: 63658
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    254 York Street, Chesnee, SC 29323
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!