Duplex with Paved
New
For Sale
$258,000
4110 E Croft Circle, Spartanburg, SC 29302
MULTIFAMILY, Spartanburg, SC
Property Size1,400 SF
Lot Size0.54 Acres
Price / SF$184.29
Days on Market4
Property Features for 4110 E Croft Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3
Parking features
Driveway, Off Street
Elementary school
7-E.P. Todd
Middle school
7-Carver Jr
High school
7-Spartanburg
Elementary school district
7 Sptbg Co
Middle school district
7 Sptbg Co
High school district
7 Sptbg Co
Directions
Use GPS. From Spartanburg, take Henry St. Turn right onto Southport Rd. Turn right onto E. Croft Circle - house is on the the left
Subdivision
Spartanburg
Standard status
Active
Size
1,400 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1728
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
off-street parking
fire pit
Building Details
Year built
1976
Floors in Building
1
Roof type
Composition
Listing Agency:
EXP Realty LLC
(888) 440-2798
Listed By:
Cricket Allen · License #102112
(864) 414-4802
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 2:06PM
MLS# 341676
Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex, built in 1976, includes two residential units on a 0.54-acre lot. The property features central air, composition roofing, public water, and public sewer. Washer and dryer hookups are available in the units; the washer and dryer themselves do not convey.
A large paved off-street parking area provides driveway and additional off-street parking. The property also includes a yard with a fire pit. Camp Croft Park is 3.8 miles away, while the School of Deaf & Blind, Converse College, Wofford College, and Spartanburg Regional Medical Center are within the stated drive times.
A large paved off-street parking area provides driveway and additional off-street parking. The property also includes a yard with a fire pit. Camp Croft Park is 3.8 miles away, while the School of Deaf & Blind, Converse College, Wofford College, and Spartanburg Regional Medical Center are within the stated drive times.
Key Highlights
- Two‑unit duplex totaling 1,400 square feet
- 0.54‑acre lot with a large paved off‑street parking area
- Central air and composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$250,260
$250.3K
Cap Rate 7%
$178,757
$178.8K
Cap Rate 9%
$139,033
$139.0K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$18.8K $13.44/SF
− Vacancy
−$941 −$0.67/SF
EGI
$17.9K $12.77/SF
− OpEx
−$5.4K −$3.83/SF
NOI
$12.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$250,260
Cap Rate 7%
$178,757
Cap Rate 9%
$139,033
Alternative Uses
Best Use
Multifamily LT 5
$178.8K
$156.4K – $208.6K
NOI $12,513 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$164.7K
$144.1K – $192.1K
NOI $11,526 @ 7.0% cap · market cap 4.47%
Theoretical Best
Warehouse
$1.09M
$951.0K – $1.27M
NOI $76,080 @ 7.0% cap · market cap 29.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 29302, SC
17,356
Population
8,169
Households
2.1
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
342
Density / Sq Mi
$77,428
Median Household Income
$44,476
Median Earnings
$1,031
Median Rent
$264,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer rental flexibility with central air and convenient in-unit washer and dryer hookups.
Where is this duplex located?
The property is located at 4110 E Croft Circle Spartanburg, SC.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,400 square feet; 0.54‑acre lot with a large paved off‑street parking area; Central air and composition roof
