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. All appliances have been updated in the last 3 years and the seller will install a new range and refrigerator with acceptable offer. 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!
Property Details
Price:
$415,000
MLS #:
1565137
Status:
Active
Baths:
0
Address:
156 Garrett Street
Type:
Multi Family
Neighborhood:
033
City:
Spartanburg
Listed Date:
Aug 1, 2025
State:
SC
ZIP:
29302
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1916
Schools
Elementary School:
Drayton Mills
Middle School:
McCraken
High School:
Spartanburg
Interior
Exterior
Financial
Map
Community
- Address156 Garrett Street Spartanburg SC
- Area033
- CitySpartanburg
- CountySpartanburg
- Zip Code29302
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Listing courtesy of Shanda Davey at Encore Realty
© 2025 The data relating to real estate for sale on this web site comes in part from the MLS of Greenville, SC This information is deemed reliable, but not guaranteed. Neither, the MLS of Greenville, SC, nor the listing broker, nor their agents or subagents are responsible for the accuracy of information. The buyer is responsible for verifying all information. This information is provided by the MLS of Greenville, SC for use by its members and is not intended for the use for any other purpose.
© 2025 The data relating to real estate for sale on this web site comes in part from the MLS of Greenville, SC This information is deemed reliable, but not guaranteed. Neither, the MLS of Greenville, SC, nor the listing broker, nor their agents or subagents are responsible for the accuracy of information. The buyer is responsible for verifying all information. This information is provided by the MLS of Greenville, SC for use by its members and is not intended for the use for any other purpose.
156 Garrett Street
Spartanburg, SC
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