156 Garrett Street, Spartanburg, SC 29302
Local realty services provided by:ERA Live Moore
156 Garrett Street,Spartanburg, SC 29302
$400,000
- 8 Beds
- 4 Baths
- 2,980 sq. ft.
- Multi-family
- Active
Listed by: shanda davey
Office: encore realty
MLS#:1565137
Source:SC_GGAR
Price summary
- Price:$400,000
- Price per sq. ft.:$134.23
About this home
Don't miss this prime investment property featuring four 2-bedroom, 1-bath units. Currently, three units are occupied with strong rental history, generating a combined rental income of $2,650/month, with the fourth unit previously renting for $900/month—total potential income of $3,550/month. Situated just off East Main Street in School District 7, this multifamily property is conveniently located near shopping, public transportation, and is within walking distance to Converse College. There is a newer roof, all appliances have been updated in the last 3 years. The area is experiencing notable new development, making this an ideal time to invest. Each unit is separately metered for utilities, offering added convenience and flexibility for tenants and owners alike, and the roof is new. The property is being sold "As Is", with the following lease expirations in place: Unit 1: Leased through 06/30/2026, Unit 2: Leased through 10/31/2025, Unit 3: Vacant, Unit 4: Leased through 07/31/2026. Whether you're a seasoned investor or just entering the market, this is a solid income-generating asset with strong rental history and growth potential. Schedule your showing today and take the next step toward building your portfolio!
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Home facts
- Year built:1916
- Listing ID #:1565137
- Added:105 day(s) ago
- Updated:November 15, 2025 at 01:08 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,980 sq. ft.
Heating and cooling
- Cooling:Central Forced, Electric
- Heating:Baseboard, Electric, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1916
- Building area:2,980 sq. ft.
- Lot area:0.17 Acres
Schools
- High school:Spartanburg
- Middle school:McCraken
- Elementary school:Drayton Mills
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$400,000
- Price per sq. ft.:$134.23
- Tax amount:$9,628
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