2022-Built
New
For Sale
$415,000
433 Burns Road, Spartanburg, SC 29307
MULTIFAMILY, Spartanburg, SC
Property Size2,952 SF
Lot Size0.69 Acres
Price / SF$140.58
Days on Market6
Property Features for 433 Burns Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Rooms
Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 6
Parking features
Garage, Driveway
Elementary school
3-Cannons Elem
High school
3-Broome High
Elementary school district
3 Sptbg Co
Middle school district
3 Sptbg Co
High school district
3 Sptbg Co
Directions
I-85 N, Take exit 80, Right on Gossett Rd, Right on Jones Rd to Burns Rd, Turn right onto Burns Rd., drive about a 1/2 mile. Property on Right.
Subdivision
Spartanburg
Standard status
Active
Size
2,952 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6937
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Roof type
Metal
Listing Agency:
Better Homes & Gardens Young & · Better Homes and Gardens Real Estate
(864) 576-1000
Listed By:
Vickie Campbell · License #132554
(864) 404-6207
Added: Sep 30
Last Checked: Oct 5 at 10:06PM
MLS# 342361
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.
Completed in 2022, this duplex contains 2,952 square feet across two units on a 0.69-acre lot. Each residence has three bedrooms, 2.5 bathrooms, and an open living, dining, and kitchen area. Kitchens feature stainless steel appliances, granite countertops, and white cabinetry; laminate flooring runs through the main living areas. The exterior has Hardie siding and a metal roof. Heat pumps, central air, garage and driveway parking, public water, and septic service are listed for the property.
Both units are leased through May 2027. The property is approximately one mile from I-85, with access to Spartanburg, Greenville, Asheville, and Charlotte.
Both units are leased through May 2027. The property is approximately one mile from I-85, with access to Spartanburg, Greenville, Asheville, and Charlotte.
Key Highlights
- 2022 construction; 2,952 square feet across two units
- Each unit has 3 bedrooms and 2.5 bathrooms
- 0.69‑acre lot
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.
Property Analytics
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Current Use
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 - Two separately rented residences offer a three-bedroom layout and garage and driveway parking.
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: 2022 construction; 2,952 square feet across two units; Each unit has 3 bedrooms and 2.5 bathrooms; 0.69‑acre lot
