Nearly New Duplex With Covered
4048 Parris Bridge Road Unit 4050 Boiling Springs, SC 29316
4048 Parris Bridge Road Unit 4050, Boiling Springs, SC, 29316
$429,000
For Sale
$429,000
Built in 2023, this duplex offers two units with open-concept interiors and covered rear porches.
Property Size2,796 SF
Price / SF$153.43
Days on Market118
Property Features for 4048 Parris Bridge Road Unit 4050
General Information
- Standard status
- Active
- Size
- 2,796 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 2023
Listing agency
EXP Realty LLC
(864) 981-0222
Listed by
Adam Taylor · License #106028
(864) 981-0222
Source
Compass
Added: Mar 26 Updated: Jul 21 at 1:06AM Checked: Jul 21 at 6:54AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This nearly new 2023-built duplex provides two separate units with bright, open-concept main levels. Each unit includes a main-level primary suite with a walk-in closet and a contemporary en-suite bath, with seamless LVT flooring and recessed lighting throughout the main living areas. Kitchens feature quartz countertops, subway tile backsplash, and stainless steel appliances. The upper level adds a versatile loft, two additional bedrooms, and a second full bath, along with a dedicated laundry room and integrated storage space.
One unit is currently vacant and move-in ready, while the other side is occupied by a tenant through October 2026. Outside, each unit offers a covered rear porch overlooking a level, expansive backyard.
The property is positioned to deliver straightforward maintenance and modern functionality with no homeowners’ association oversight or fees stated in the remarks.
One unit is currently vacant and move-in ready, while the other side is occupied by a tenant through October 2026. Outside, each unit offers a covered rear porch overlooking a level, expansive backyard.
The property is positioned to deliver straightforward maintenance and modern functionality with no homeowners’ association oversight or fees stated in the remarks.
Key Highlights
- Nearly new duplex built in 2023 (2 stories) with stone and vinyl siding and a composition shingle roof
- No HOA reported, with garbage pickup by private service
- Unit mix includes one side vacant and move‑in ready and the other side occupied by a tenant through October 2026
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 | $37.6k | $13.44 |
| − Vacancy | −$1.9k | −$0.67 |
| EGI | $35.7k | $12.77 |
| − OpEx | −$10.7k | −$3.83 |
| NOI | $25.0k | $8.94 |
2,796 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.0K
$312.4K – $416.5K
NOI $24,990 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$328.8K
$287.7K – $383.7K
NOI $23,019 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,942 @ 7.0% cap · market cap 35.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Built in 2023, this duplex offers two units with open-concept interiors and covered rear porches.
Where is this duplex located?
The property is located at 4048 Parris Bridge Road Unit 4050 Boiling Springs, SC.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Nearly new duplex built in 2023 (2 stories) with stone and vinyl siding and a composition shingle roof; No HOA reported, with garbage pickup by private service; Unit mix includes one side vacant and move‑in ready and the other side occupied by a tenant through October 2026
