New Construction
275 Vanderbilt Road Spartanburg, SC 29301
For Sale
$399,000
Pending
Newly built 2025 duplex with separate utility meters, modern finishes, and at least two parking spaces per unit.
Property Size2,662 SF
Days on Market197
Property Features for 275 Vanderbilt Road
General Information
Standard status
Pending
Size
2,662 SF
Property subtype
Multi-Family / Duplex
Building Details
Year Built
2025
Listing Agency:
Keller Williams Greenville Central
(864) 400-4200
Listed By:
Mark Rucker · License #47176
Source:
Compass
Added: Jan 14
Changed: Jul 23
Last Checked: Jul 23 at 3:49PM
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 Keller Williams Greenville Central
Investment Insights
Based on property information with market context.
Newly built in 2025, this duplex offers two separate residences, each featuring three bedrooms and 2.5 bathrooms with an open-concept layout. Interiors include granite countertops, soft-close cabinetry, stainless steel appliances, and durable luxury vinyl plank flooring across both levels. Each unit has a primary suite with a private en-suite bath and its own laundry area with hookups for added convenience. Separate utility meters are in place, and ample parking provides space for at least two vehicles per unit.
The property is located just off Main Street and Hwy 29 in Spartanburg, with convenient access to nearby dining, grocery, major retail, and Westgate Mall. Trailside at Three Creeks runs directly behind the property, offering an outdoor and exercise option within the community. Multiple newly constructed duplexes are available and may be purchased individually or together, providing flexibility for buyers looking to expand their holdings.
The property is located just off Main Street and Hwy 29 in Spartanburg, with convenient access to nearby dining, grocery, major retail, and Westgate Mall. Trailside at Three Creeks runs directly behind the property, offering an outdoor and exercise option within the community. Multiple newly constructed duplexes are available and may be purchased individually or together, providing flexibility for buyers looking to expand their holdings.
Key Highlights
- Newly built 2025 duplex with 2 stories and hardboard siding
- Each unit has 3 bedrooms and 2.5 bathrooms with an open‑concept layout
- Modern interior finishes include granite countertops, soft‑close cabinetry, stainless steel appliances, and luxury vinyl plank flooring
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 | $35.8k | $13.44 |
| − Vacancy | −$1.8k | −$0.67 |
| EGI | $34.0k | $12.77 |
| − OpEx | −$10.2k | −$3.83 |
| NOI | $23.8k | $8.94 |
2,662 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.5K
NOI $23,792 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$313.1K
$274.0K – $365.3K
NOI $21,916 @ 7.0% cap · market cap 5.49%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,660 @ 7.0% cap · market cap 36.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly built 2025 duplex with separate utility meters, modern finishes, and at least two parking spaces per unit.
Where is this duplex located?
The property is located at 275 Vanderbilt Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Newly built 2025 duplex with 2 stories and hardboard siding; Each unit has 3 bedrooms and 2.5 bathrooms with an open‑concept layout; Modern interior finishes include granite countertops, soft‑close cabinetry, stainless steel appliances, and luxury vinyl plank flooring
