Brick
New
For Sale
$250,000
326/328 Marlowe Road, Boiling Springs, SC 29316
Each residence has two bedrooms and two bathrooms, with tenants currently in place.
Property Size2,060 SF
Lot Size0.50 Acres
Price / SF$121.36
Days on Market4
Property Features for 326/328 Marlowe Road
General Information
Standard status
Active
Size
2,060 SF
Lot size
0.50 Acres
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$22,800
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,072
Amenities
Yes
4
Square Feet
No
Public
21780
0.5
Two Spaces
Slab
2060
Building Details
Year Built
2007
Buildings
1
Stories
1
Construction
full brick
Tenancy
Multi
Listing Agency:
Expert Real Estate Team
(864) 895-9791
Listed By:
Leanne Carswell · License #SOUTHCAROLINA5561
(864) 380-5590
Source:
Cdanjoyner
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 3:09AM
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 Expert Real Estate Team
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Investment Insights
Based on property information with market context.
Built in 2007, this two-unit brick property contains 2,060 square feet. Each side is configured with two bedrooms and two bathrooms, and both units are occupied by tenants. The property sits on a 0.5-acre lot in Boiling Springs, South Carolina.
Marlowe Road provides access to I-85 and Highway 9. The property is also described as having access to shopping and dining in Boiling Springs, as well as Spartanburg, Greenville, Charlotte, BMW, and Greenville-Spartanburg International Airport.
Marlowe Road provides access to I-85 and Highway 9. The property is also described as having access to shopping and dining in Boiling Springs, as well as Spartanburg, Greenville, Charlotte, BMW, and Greenville-Spartanburg International Airport.
Key Highlights
- Two‑unit duplex with 2,060 square feet
- Both units have 2 bedrooms and 2 bathrooms
- Built in 2007 with a brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,411
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,220
$368.2K
Cap Rate 7%
$263,014
$263.0K
Cap Rate 9%
$204,567
$204.6K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$27.7K $13.44/SF
− Vacancy
−$1.4K −$0.67/SF
EGI
$26.3K $12.77/SF
− OpEx
−$7.9K −$3.83/SF
NOI
$18.4K $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 Rate 5%
$368,220
Cap Rate 7%
$263,014
Cap Rate 9%
$204,567
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.9K
NOI $18,411 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,960 @ 7.0% cap · market cap 6.78%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,946 @ 7.0% cap · market cap 44.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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Business Placement
Demographics for 29316, SC
29,459
Population
12,202
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
93%
High-School Grad
21.8 sq mi
ZIP Area
1,351
Density / Sq Mi
$75,808
Median Household Income
$44,015
Median Earnings
$1,133
Median Rent
$227,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and two bathrooms, with tenants currently in place.
Where is this duplex located?
The property is located at 326/328 Marlowe Road Boiling Springs, SC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,060 square feet; Both units have 2 bedrooms and 2 bathrooms; Built in 2007 with a brick exterior
