156 Garrett St Spartanburg, SC 29302
Drayton NeighborhoodEstimated payment $3,063/month
Total Views
1,741
8
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Multiple cooling system units
- Baseboard Heating
- Multiple Water Heaters
- Spartanburg High School Rated A-
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. 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
Home Type
- Multi-Family
Year Built
- Built in 1916
Lot Details
- 7,405 Sq Ft Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Crawl Space
Utilities
- Multiple cooling system units
- Central Air
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Baseboard Heating
- Multiple Water Heaters
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 7-12-04-025.00
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,628 | $18,000 | $1,314 | $16,686 |
| 2023 | $9,628 | $18,000 | $1,314 | $16,686 |
| 2022 | $3,663 | $6,078 | $450 | $5,628 |
| 2021 | $3,660 | $6,078 | $450 | $5,628 |
| 2020 | $3,620 | $6,078 | $450 | $5,628 |
| 2019 | $1,524 | $1,732 | $263 | $1,469 |
| 2018 | $1,524 | $1,732 | $263 | $1,469 |
| 2017 | $1,099 | $1,506 | $450 | $1,056 |
| 2016 | $1,099 | $1,506 | $450 | $1,056 |
| 2015 | $1,061 | $1,512 | $450 | $1,062 |
| 2014 | $1,041 | $1,512 | $450 | $1,062 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | For Sale | $415,000 | +38.3% | -- |
| 09/15/2022 09/15/22 | Sold | $300,000 | 0.0% | $107 / Sq Ft |
| 07/29/2022 07/29/22 | Pending | -- | -- | -- |
| 07/25/2022 07/25/22 | For Sale | $299,900 | +122.1% | $107 / Sq Ft |
| 02/28/2019 02/28/19 | Sold | $135,000 | -9.4% | $48 / Sq Ft |
| 01/29/2019 01/29/19 | Pending | -- | -- | -- |
| 10/23/2018 10/23/18 | For Sale | $149,000 | -- | $53 / Sq Ft |
Source: Greater Greenville Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $300,000 | -- | |
| Deed | $300,000 | -- | |
| Deed | $135,000 | None Available | |
| Deed | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $225,000 | New Conventional | |
| Closed | $225,000 | New Conventional | |
| Previous Owner | $184,000 | New Conventional | |
| Previous Owner | $152,396 | Commercial | |
| Previous Owner | $0 | Unknown |
Source: Public Records
Similar Homes in Spartanburg, SC
Source: Greater Greenville Association of REALTORS®
MLS Number: 1565137
APN: 7-12-04-025.00
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