Two-Unit Duplex with
New
For Sale
$449,000
445 & 447 Burns Road, Spartanburg, SC 29307
Both residences have open main levels, private primary suites, and attached garages.
Property Size3,199 SF
Days on Market7
Property Features for 445 & 447 Burns Road
General Information
Standard status
Active
Size
3,199 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
Acres: 0.7, Area: 30492, Square Feet: 30492
Roof: Architectural
Sewer: Septic Tank
Tax Annual Amount: $9,315
Garage Included
Cooling Included, Cooling: Central Forced
Heating Included, Heating: Heat Pump
Contract Status Change Date: 2026-10-07, Listing Terms: None, Standard Status: Active
Open Parking, Parking Features: One Space, Garage, Paved
Elementary School: Cannons, Middle Or Junior School: Clifdale, High School: Gettys D Broome
6 total bedrooms
Building Area Total: 3199, Built in 2021, Construction Materials: Vinyl Siding, Levels: Two, Stories: 2
City: Spartanburg, County Or Parish: Spartanburg, MLS Area Major: 033, Postal Code Plus4: 5401, Postal Code: 29307-5401, State Or Province: SC, Subdivision Name: None
Number Of Units Total: 2, Parcel Number: 30800073.07, Property Condition: 1-5, Property Sub Type: Duplex
4 full bathrooms, 2 half bathrooms, 6 total bathrooms
Water Source: Public
Foundation Details: Slab
Patio And Porch Features: Unit 1: Porch-Front, Unit 2: Porch-Front
Appliances: Electric Water Heater
Building Details
Building Size
3,199 SF
Year Built
2021
Buildings
1
Listing Agency:
Redfin Corporation
(864) 206-5997
Listed By:
Danielle Simmons
(864) 884-9548
Source:
Blackstreaminternational
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 8:46PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
Built in 2021, this duplex contains two separate residences, each with 3 bedrooms, 2.5 bathrooms, and an attached one-car garage. Open-concept main floors connect to kitchens outfitted with granite counters, stainless steel appliances, white cabinetry, and ample work surfaces. Each primary suite has a walk-in closet and a private bathroom with a double-sink vanity; two additional bedrooms share a hall bathroom.
The property is approximately one mile from I-85, with routes toward Spartanburg and Greenville as well as Asheville and Charlotte. In total, the two residences provide six bedrooms, five bathrooms, and two garages.
The property is approximately one mile from I-85, with routes toward Spartanburg and Greenville as well as Asheville and Charlotte. In total, the two residences provide six bedrooms, five bathrooms, and two garages.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Built in 2021
- Attached one‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,591
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,820
$571.8K
Cap Rate 7%
$408,443
$408.4K
Cap Rate 9%
$317,678
$317.7K
Market Conditions
NOI Build-Up for 3,199 SF
Gross rent
$43.0K $13.44/SF
− Vacancy
−$2.1K −$0.67/SF
EGI
$40.8K $12.77/SF
− OpEx
−$12.3K −$3.83/SF
NOI
$28.6K $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%
$571,820
Cap Rate 7%
$408,443
Cap Rate 9%
$317,678
Alternative Uses
Best Use
Multifamily LT 5
$408.4K
$357.4K – $476.5K
NOI $28,591 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$376.2K
$329.2K – $439.0K
NOI $26,337 @ 7.0% cap · market cap 5.87%
Theoretical Best
Warehouse
$2.48M
$2.17M – $2.90M
NOI $173,842 @ 7.0% cap · market cap 38.72%
Zoning and permitted uses should be independently verified with authorities.
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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 have open main levels, private primary suites, and attached garages.
Where is this duplex located?
The property is located at 445 & 447 Burns Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Built in 2021; Attached one‑car garage for each residence
