156 Garrett Street
Spartanburg, SC, 29302
$415,000
Beds
0 Baths
SqFt
0.17 Acres
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Don&#39'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&#39'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
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Schools

Elementary School:
Drayton Mills
Middle School:
McCraken
High School:
Spartanburg

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156 Garrett Street
Spartanburg, SC