309 Powell Mill Road, Spartanburg, SC 29301
MULTI_FAMILY - Spartanburg, SC
- Added:
- Mar 27, 2026
- Days on Market:
- 77
- Last Refresh:
- Jun 11 at 3:06 am
Property Features for 309 Powell Mill Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,824 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6354
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
Listing agent Grant McDowell License #107576 (864) 590-9019
Listing office EXP Realty LLC 220 N Main Street Ste 542 Ste 542, Columbia, SC (888) 440-2798
Listing date Mar 27, 2026
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 at 309 Powell Mill Rd in Spartanburg, located just off Highway 29 for convenient access to shopping and dining
- Two tenant‑occupied units with leases in place until 2027
- Each unit offers 2 bedrooms and 1 full bathroom with approximately 912 SF per side
- Vinyl flooring throughout each unit for easy maintenance
- New roof installed in 2020
- HVAC units replaced in 2021 (heat pump heating and cooling)
Overview
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 | $24.5k | $13.44 |
| − Vacancy | −$1.2k | −$0.67 |
| EGI | $23.3k | $12.77 |
| − OpEx | −$7.0k | −$3.83 |
| NOI | $16.3k | $8.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.979226
- Latitude
- 34.94437
