Single-Level
For Sale
$230,000
309 Bahan Street, Taylors, SC 29687
MULTIFAMILY, Taylor, SC
Property Size1,064 SF
Price / SF$216.17
Days on Market96
Property Features for 309 Bahan Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Parking features
Off Street, Driveway
Elementary school district
10 (Greenville)
Middle school district
10 (Greenville)
High school district
10 (Greenville)
Directions
From Wade Hampton Blvd, take W Lee Road, then R onto Bahan. Property on L (across from Bahan Circle).
Subdivision
Taylors
Standard status
Active
Size
1,064 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2432
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Grv Upst · Keller Williams Realty
(864) 234-7500
Listed By:
Julia Lezcano · License #103025
(864) 451-1277
Added: May 19
Changed: Aug 20
Last Checked: Aug 22 at 3:06AM
MLS# 337322
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 1,064-square-foot duplex, built in 1965, contains two single-level residences, each arranged with one bedroom, one bathroom, living space, dining space, and a kitchen. Both units have side entries and rest on a crawl space foundation. Hardwood flooring serves the primary living areas, while vinyl flooring is used in the kitchens and bathrooms. Cooling is provided by wall or window units, and Unit A also has a wall gas furnace.
The property includes driveway and off-street parking, along with public water and public sewer. One residence is leased through April 30, 2027, and the other is leased through September 30, 2027, providing staggered lease terms across the two-unit configuration.
The property includes driveway and off-street parking, along with public water and public sewer. One residence is leased through April 30, 2027, and the other is leased through September 30, 2027, providing staggered lease terms across the two-unit configuration.
Key Highlights
- Two‑unit duplex totaling 1,064 square feet
- Each residence includes 1 bedroom and 1 bathroom
- Leases extend through April 30, 2027, and September 30, 2027
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
$10,811
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
4.70%
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%
$216,220
$216.2K
Cap Rate 7%
$154,443
$154.4K
Cap Rate 9%
$120,122
$120.1K
Market Conditions
NOI Build-Up for 1,064 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
$16.3K $15.36/SF
− Vacancy
−$899 −$0.84/SF
EGI
$15.4K $14.52/SF
− OpEx
−$4.6K −$4.35/SF
NOI
$10.8K $10.16/SF
Area
Greenville County, SC
Vacancy
5.50%
Lease Rate
$15.36 /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%
$216,220
Cap Rate 7%
$154,443
Cap Rate 9%
$120,122
Alternative Uses
Best Use
Multifamily LT 5
$154.4K
$135.1K – $180.2K
NOI $10,811 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$138.2K
$120.9K – $161.2K
NOI $9,673 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$454.6K
$397.8K – $530.4K
NOI $31,822 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 29687, SC
44,124
Population
18,606
Households
2.4
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
48.2 sq mi
ZIP Area
915
Density / Sq Mi
$73,379
Median Household Income
$40,601
Median Earnings
$1,170
Median Rent
$247,400
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 - Two leased residences offer separate living, dining, and kitchen areas with off-street parking and public utilities.
Where is this duplex located?
The property is located at 309 Bahan Street Taylors, SC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,064 square feet; Each residence includes 1 bedroom and 1 bathroom; Leases extend through April 30, 2027, and September 30, 2027
