Building Details

Year Built 2026

Buildings 1

Listing Agency: Belle Realty and Associates

Listed By: Ricky Fields · License #135913 Show Phone

Source: Greenvilleheartproperties

Added: Aug 24 Changed: Oct 2 Last Checked: Oct 15 at 4:21AM

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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 Belle Realty and Associates

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Investment Insights

Based on property information with market context.

Completed in 2026, this duplex contains two single-level residences totaling 2,740 square feet. Each unit offers 1,370 square feet with three bedrooms, two full bathrooms, an attached one-car garage, a private deck, and a spacious backyard. Private entrances and generous driveway areas support separate household use, while the matching layouts create a consistent configuration across the property.

The property is located near Hillcrest Shopping Center in Converse, providing access to shopping, dining, and everyday services. Spartanburg-area amenities are also within reach. The duplex configuration supports use as a two-unit residential property, with each residence offering its own interior and exterior spaces.

Key Highlights

• Two‑unit duplex with 2,740 square feet total
• Each unit measures 1,370 square feet with 3 bedrooms and 2 full bathrooms
• Built in 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,489

Cap Rate

5.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$489,780 $489.8K

Cap Rate 7%

$349,843 $349.8K

Cap Rate 9%

$272,100 $272.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,740 SF

Gross rent

$36.8K $13.44/SF

− Vacancy

−$1.8K −$0.67/SF

EGI

$35.0K $12.77/SF

− OpEx

−$10.5K −$3.83/SF

NOI

$24.5K $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%

$489,780

Cap Rate 7%

$349,843

Cap Rate 9%

$272,100

Alternative Uses

Best Use

Multifamily LT 5

$349.8K

$306.1K – $408.2K (±1% cap)

NOI $24,489 @ 7.0% cap · market cap 5.22%

Second Best

Apartment 5plus

$322.3K

$282.0K – $376.0K (±1% cap)

NOI $22,558 @ 7.0% cap · market cap 4.80%

Theoretical Best

Warehouse

$2.13M

$1.86M – $2.48M (±1% cap)

NOI $148,899 @ 7.0% cap · market cap 31.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Furniture & Home Goods Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

Demographics for 29329, SC

283

Population

173

Households

1.6

Avg Household Size

41

Median Age

21%

College-Educated

100%

High-School Grad

0.3 sq mi

ZIP Area

943

Density / Sq Mi

$37,019

Median Household Income

$21,298

Median Earnings

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Single-level duplex with private entrances, attached garages, decks, and spacious backyards for flexible residential use.

Where is this duplex located?

The property is located at 361 /363 Main St Converse, SC.

What is the asking price?

The asking price for this property is $469,500.

What are key features of this property?

This property features: Two‑unit duplex with 2,740 square feet total; Each unit measures 1,370 square feet with 3 bedrooms and 2 full bathrooms; Built in 2026