Updated Duplex on Acre-Plus
For Sale
$329,900
Pending
37 Wedgefield Drive, Boiling Springs, SC 29316
Renovated two-unit property with new appliances, refreshed kitchens, and improved interior finishes.
Property Size1,977 SF
Days on Market54
Property Features for 37 Wedgefield Drive
General Information
Standard status
Pending
Size
1,977 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
Acres: 0.95, Area: 41382, Square Feet: 41382
Roof: Architectural
Sewer: Public Sewer
Tax Annual Amount: $7,289
Cooling Included, Cooling: Electric
Heating Included, Heating: Electric
Close Date: 2026-10-29, Contract Status Change Date: 2026-09-22, Listing Terms: None, Standard Status: Pending
Carport Included, Open Parking, Parking Features: Off Street, Carport, Paved
Elementary School: Hendrix, Middle Or Junior School: Boiling Springs, High School: Boiling Springs
5 total bedrooms
Built in 1977, Construction Materials: Brick Veneer, Wood Siding, Levels: Two, Stories: 2
City: Boiling Springs, County Or Parish: Spartanburg, MLS Area Major: 033, Postal Code: 29316, State Or Province: SC, Subdivision Name: Other
Number Of Units Total: 2, Parcel Number: 25012090.00, Property Condition: 31-50, Property Sub Type: Duplex
3 full bathrooms, 3 total bathrooms
Water Source: Public
Foundation Details: Crawl Space
Patio And Porch Features: Unit 1: Deck, Porch-Front, Unit 2: Deck, Porch-Front
Appliances: Electric Water Heater
Building Details
Building Size
1,977 SF
Year Built
1977
Buildings
1
Listing Agency:
Century 21 Blackwell & Co
(864) 578-2120
Listed By:
Preston Inglee · License #100294
(864) 752-5255
Source:
Blackstreaminternational
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 24 at 5:09PM
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 Century 21 Blackwell & Co
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Investment Insights
Based on property information with market context.
Built in 1977, this duplex includes two updated residential units on an over 1-acre parcel at the end of a private cul-de-sac. Improvements across both units include new appliances, renovated kitchens with granite countertops and backsplashes, updated bathroom vanities, LVP flooring, fresh paint, ceiling fans, and modern light fixtures. One unit has been newly renovated and is available for viewing, while access to the other is scheduled by appointment.
The property is near Spartanburg Regional and Mary Black Hospital, VCOM, chiropractic and medical programs, universities, and major employers. Its Boiling Springs setting also places it within the Greer/Spartanburg corridor. The two-unit layout supports residential income use, including an owner-occupant arrangement with a separate unit.
The property is near Spartanburg Regional and Mary Black Hospital, VCOM, chiropractic and medical programs, universities, and major employers. Its Boiling Springs setting also places it within the Greer/Spartanburg corridor. The two-unit layout supports residential income use, including an owner-occupant arrangement with a separate unit.
Key Highlights
- Duplex built in 1977 on an over 1‑acre lot
- Two updated units with new appliances and renovated kitchens
- Granite countertops, backsplash finishes, and updated bathroom vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,670
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,400
$353.4K
Cap Rate 7%
$252,429
$252.4K
Cap Rate 9%
$196,333
$196.3K
Market Conditions
NOI Build-Up for 1,977 SF
Gross rent
$26.6K $13.44/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$25.2K $12.77/SF
− OpEx
−$7.6K −$3.83/SF
NOI
$17.7K $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%
$353,400
Cap Rate 7%
$252,429
Cap Rate 9%
$196,333
Alternative Uses
Best Use
Multifamily LT 5
$252.4K
$220.9K – $294.5K
NOI $17,670 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$232.5K
$203.5K – $271.3K
NOI $16,276 @ 7.0% cap · market cap 4.93%
Theoretical Best
Warehouse
$1.53M
$1.34M – $1.79M
NOI $107,435 @ 7.0% cap · market cap 32.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit property with new appliances, refreshed kitchens, and improved interior finishes.
Where is this duplex located?
The property is located at 37 Wedgefield Drive Boiling Springs, SC.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex built in 1977 on an over 1‑acre lot; Two updated units with new appliances and renovated kitchens; Granite countertops, backsplash finishes, and updated bathroom vanities
