Single-Family Home with Detached
Spartanburg, SC 29303 Spartanburg, SC 29303
New
Spartanburg, SC, 29303
$349,000
For Sale
$349,000
SINGLE_FAMILY - Spartanburg, SC
Property Size1,576 SF
Lot Size5.00 Acres
Price / SF$221.45
Days on Market2
Property Features
General Information
- Property type
- Residential
- Property subtype
- Farm
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,576 SF
- Lot size
- 5.00 Acres
Building Details
- Year built
- 1937
Listing agency
NextHome Experience Realty
(864) 809-7246
Listed by
Ron Hawkins
(864) 415-5792
Added: Jul 20 Checked: Jul 21 at 11:06AM
MLS# 336248
Copyright © 2026 NextHome, 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.
Located near downtown Spartanburg, this single-family home offers two large bedrooms and one bathroom. Inside, you’ll find a big eat-in kitchen and a family room with a fireplace, creating practical living space.
The property sits on approximately 5 acres and includes a fenced area at the back of the lot for livestock. A detached garage provides additional storage or parking capacity.
With the land size and configuration, there are multiple options to keep the property as-is for a mini-farm setting or to sub-divide the acreage for additional homes, subject to applicable requirements.
The property sits on approximately 5 acres and includes a fenced area at the back of the lot for livestock. A detached garage provides additional storage or parking capacity.
With the land size and configuration, there are multiple options to keep the property as-is for a mini-farm setting or to sub-divide the acreage for additional homes, subject to applicable requirements.
Key Highlights
- Built in 1937 with 2 bedrooms and 1 bathroom
- Includes a large eat‑in kitchen and a family room with fireplace
- Approximately 5 acres of land with options to keep as‑is or subdivide
Local Financial Insights For Apartment 5plus
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 | $25.0k | $15.84 |
| − Vacancy | −$1.4k | −$0.87 |
| EGI | $23.6k | $14.97 |
| − OpEx | −$10.6k | −$6.74 |
| NOI | $13.0k | $8.23 |
1,576 SF · lease $15.84/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,975 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,644 @ 7.0% cap · market cap 24.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two-bedroom, one-bath home on about 5 acres with a detached garage and a fenced area for livestock.
Where is this single family property located?
The property is located at Spartanburg, SC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Built in 1937 with 2 bedrooms and 1 bathroom; Includes a large eat‑in kitchen and a family room with fireplace; Approximately 5 acres of land with options to keep as‑is or subdivide
