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8 Unit Multi-Family Portfolio 2 Multifamily Properties Offered at $689,000 in Spartanburg, SC

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INVESTMENT HIGHLIGHTS

  • 6,300 SF across 3 buildings (built 1965 & 1990, remodeled 1990 & 2022). Zoned R-6, strong rental income. Prime opportunity in a thriving market.
  • Prime location with growth potential—ideal for investors!

EXECUTIVE SUMMARY

Seize the opportunity to invest in Spartanburg’s booming rental market with a well-positioned multifamily portfolio located less than five minutes from downtown. Residents will enjoy unparalleled access to a thriving cultural and entertainment scene, featuring diverse dining, boutique shopping, and a vibrant nightlife. Additionally, the properties’ proximity to esteemed institutions like Wofford College and Converse University makes them highly desirable for students, faculty, and professionals.
Outdoor enthusiasts will appreciate nearby Cleveland Park and Hatcher Garden & Woodland Preserve, offering scenic green spaces for relaxation and recreation. Adding to the area’s appeal, Fifth Third Park, a state-of-the-art baseball stadium, is set to open in April 2025 as part of Project Core, a $425 million mixed-use development. This transformative project will introduce a hotel, rooftop bar, office spaces, modern apartments, and a lively public plaza—enhancing Spartanburg’s economic and social landscape.
With close proximity to one of the most significant investments in Spartanburg’s history, these properties offer investors a lucrative opportunity to capitalize on Spartanburg’s ongoing growth, ensuring strong rental demand and long-term appreciation potential.

ATTACHMENTS

OM Portfolio

PROPERTY FACTS

Price $689,000
Price / SF $108.33 / SF
Cap Rate 7%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 6,360 SF
Total Land Area 0.61 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
664-666 S Liberty St, Spartanburg, SC 29306 Multifamily 3,200 SF 1965 -
425 Arch St, Spartanburg, SC 29301 Multifamily 3,160 SF 1990 -
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  • Listing ID: 35136907

  • Date on Market: 3/14/2025

  • Last Updated:

  • Address: 8 Unit Multi-Family Portfolio, Spartanburg, SC

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