$415,000 | 8 beds | 4 full baths | N/A half baths | N/A sqft

$415,000 No Recent Price Change
156 Garrett Street
Spartanburg, SC 29302
  • 8Beds
  • 4Full Baths
  • N/AHalf Baths
  • N/ASqFt
  • 1916Year Built
  • 0.17Acres
  • MLS# 1565137
  • Residential
  • Quadruplex
  • Active

  • Approx Time on Market16 days
  • Area033-Spartanburg
  • CountySpartanburg
  • Subdivision None

Overview

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/monthtotal 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!



Agriculture / Farm

Horse:  No

Amenities / Special Info

Community Features:  None

Association Fees / Info

Hoa:  No

Bathroom Info

Total Baths:  4

Fullbaths:  4

Bedroom Info

Beds:  8

Building Info

Levels:  Two

Foundation Details:  Crawl Space

Construction Materials:  Vinyl Siding

Year Built:  1916

New Construction:  No

Cooling:  Yes

Property Condition:  50+

Building Area Total:  2,980

Roof:  Composition

Exterior Features

Spa:  No

Pool Private:  No

Garage / Parking

Garage:  No

Carport:  No

Open Parking:  No

Parking Features:  Off Street

Attached Garage:  No

Handicap

Interior Features

Fireplace:  No

Lot Info

Acres:  0.17

Lot Area:  7405.2

Lot Size Units:  Square Feet

Misc

Other

Property Info

Senior Community:  No

County:  Spartanburg

Occupant Type:  Tenant, Vacant

Sqft Info

Living Area Units:  Square Feet

Unit Info

Number of Units Total:  4

Utilities / Hvac

Water Source:  Public

Appliances:  Electric Water Heater, Water Heater

Cooling:  Central Forced, Electric, Wall/Window Unit(s), Multi Units

Sewer:  Public Sewer

Heating:  Baseboard, Electric, Natural Gas

Heating:  Yes

Waterfront / Water

Waterfront:  No

View:  No

Schools

Elem:  Drayton Mills

Middle:  McCraken

High:  Spartanburg

Courtesy of Shanda Davey of Encore Realty 

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On longboatgroup.com since Fri, Aug 1st 2025
No Property History recorded for this listing.

Source of information: Greenville MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated On: 08-17-2025 3:03 PM EST.

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