Duplex with Outdoor
New
For Sale
$249,900
4016 Pebblebrook Court, Spartanburg, SC 29301
The two-unit property offers matching floor plans, separate parking pads, and outdoor storage for each residence.
Property Size2,700 SF
Price / SF$92.56
Days on Market5
Property Features for 4016 Pebblebrook Court
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,923
Amenities
outdoor storage
Building Details
Building Size
2,700 SF
Year Built
1982
Stories
2
Units
2
Listing Agency:
Ellison Real Estate Company, LLC
(864) 580-7653
Listed By:
Tasha P Ellison · License #87577
(864) 706-6974
Source:
Cherokeefoothillsrealty
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 3:38AM
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 Ellison Real Estate Company, LLC
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Investment Insights
Based on property information with market context.
This 2,700-square-foot duplex contains two matching residences, each with two bedrooms and 1.5 bathrooms. One unit is vacant, while the other has a month-to-month occupant. Each side also has a two-car parking pad and outdoor storage. The property was built in 1982 and sits on a 0.54-acre parcel in Spartanburg School District 6.
Located at 4016 Pebblebrook Court, the duplex offers access to west Spartanburg amenities, Reidville Road, and I-26.
Located at 4016 Pebblebrook Court, the duplex offers access to west Spartanburg amenities, Reidville Road, and I-26.
Key Highlights
- Two matching units, each with 2 bedrooms and 1.5 bathrooms
- 2,700 square feet on a 0.54‑acre parcel
- One unit vacant; the other occupied under a month‑to‑month tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,229
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,580
$444.6K
Cap Rate 7%
$317,557
$317.6K
Cap Rate 9%
$246,989
$247.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$42.8K $15.84/SF
− Vacancy
−$2.4K −$0.87/SF
EGI
$40.4K $14.97/SF
− OpEx
−$18.2K −$6.74/SF
NOI
$22.2K $8.23/SF
Area
Spartanburg County, SC
Vacancy
5.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,580
Cap Rate 7%
$317,557
Cap Rate 9%
$246,989
Alternative Uses
Best Use
Multifamily LT 5
$344.7K
$301.7K – $402.2K
NOI $24,132 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$317.6K
$277.9K – $370.5K
NOI $22,229 @ 7.0% cap · market cap 8.90%
Theoretical Best
Warehouse
$2.10M
$1.83M – $2.45M
NOI $146,725 @ 7.0% cap · market cap 58.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
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Business Placement
Demographics for 29301, SC
34,531
Population
16,020
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
27.5 sq mi
ZIP Area
1,256
Density / Sq Mi
$56,606
Median Household Income
$37,761
Median Earnings
$1,126
Median Rent
$200,800
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 - The two-unit property offers matching floor plans, separate parking pads, and outdoor storage for each residence.
Where is this duplex located?
The property is located at 4016 Pebblebrook Court Spartanburg, SC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms and 1.5 bathrooms; 2,700 square feet on a 0.54‑acre parcel; One unit vacant; the other occupied under a month‑to‑month tenancy
