2-Unit
For Sale
$415,000
433 Burns Road, Spartanburg, SC 29307
Both residences offer three bedrooms, two-and-a-half bathrooms, and open-concept living areas.
Property Size2,952 SF
Price / SF$140.58
Days on Market13
Property Features for 433 Burns Road
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Listing Agency:
Marie Graziano, Open House Realty, LLC
Listed By:
XSell Upstate
(864) 659-7355
Source:
Xsellupstate
Added: Oct 1
Changed: Oct 13
Last Checked: Oct 12 at 7:28PM
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 Marie Graziano, Open House Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2022, this duplex comprises two residences, each with three bedrooms, two-and-a-half bathrooms, and an open layout connecting the living, dining, and kitchen areas. Laminate flooring extends through these shared spaces. Each kitchen has stainless steel appliances, granite countertops, and white cabinetry. Hardie siding and a metal roof finish the exterior, with parking available on site.
The property is at 433 Burns Road in Spartanburg, approximately one mile from I-85. One residence is rented through May 2026, while the other is owner-occupied. The property has no HOA.
The property is at 433 Burns Road in Spartanburg, approximately one mile from I-85. One residence is rented through May 2026, while the other is owner-occupied. The property has no HOA.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Built in 2022
- One residence rented through May 2026; the other is owner‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,384
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,680
$527.7K
Cap Rate 7%
$376,914
$376.9K
Cap Rate 9%
$293,156
$293.2K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$39.7K $13.44/SF
− Vacancy
−$2.0K −$0.67/SF
EGI
$37.7K $12.77/SF
− OpEx
−$11.3K −$3.83/SF
NOI
$26.4K $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%
$527,680
Cap Rate 7%
$376,914
Cap Rate 9%
$293,156
Alternative Uses
Best Use
Multifamily LT 5
$376.9K
$329.8K – $439.7K
NOI $26,384 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$347.2K
$303.8K – $405.1K
NOI $24,303 @ 7.0% cap · market cap 5.86%
Theoretical Best
Warehouse
$2.29M
$2.01M – $2.67M
NOI $160,419 @ 7.0% cap · market cap 38.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 29307, SC
19,034
Population
8,946
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
86%
High-School Grad
44.7 sq mi
ZIP Area
426
Density / Sq Mi
$61,330
Median Household Income
$39,543
Median Earnings
$1,043
Median Rent
$207,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two-and-a-half bathrooms, and open-concept living areas.
Where is this duplex located?
The property is located at 433 Burns Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Built in 2022; One residence rented through May 2026; the other is owner‑occupied
