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$395,000
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Property Description
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. There is a newer roof, all appliances have been updated in the last 3 years. 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!
Full Property Details
Full Property Details for 156 Garrett St
General
- Price: $395,000
- Taxes: $9,628
- Status: Active
- Type: Multi-Family
- Source: 2257
- MLS ID: 1578770
- Updated: 1/9/2026
- Added to Site: 8 day(s) ago
Interior
- Appliances: Electric Water Heater, Water Heater
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Features: Off Street
Location
- Area: 33
- County: Spartanburg
- Subdivision: None
School Information
- Elementary School: Drayton Mills
- Middle School: McCraken
- High School: Spartanburg
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Forced, Electric, Wall/Window Unit(s), Multi Units
- Heating Type: Baseboard, Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Vinyl Siding
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 2,980
- Year Built: 1916
- Property Condition: 50
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405.2
Financial Considerations
- Tax Amount: $9,628
- Terms: None
Disclosures and Reports
- Documents Avail.: Lead Based Paint Doc., Seller Disclosure, SQFT Sketch
- Property ID: 71204025
Listed by Encore Realty
Get Pre-Approved Today
Schools
Schools serving 156 Garrett St
School District:Spartanburg School District 7
| Name | Grades | Distance |
|---|---|---|
Drayton Mills Elementary 1500 Skylyn Drive, Spartanburg, SC 29307 | K-5 | 1.2 mi |
Mccracken Middle School 300 Webber Road, Spartanburg, SC 29307 | 6-8 | 2.7 mi |
Spartanburg High School 2250 East Main Street, Spartanburg, SC 29307 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 156 Garrett St
Date
Details
Price
Change
Source
1/09/2026
Listed
$395,000
31.67%
MLS
9/12/2022
Sold
$300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 156 Garrett St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,686
1%
$18,000
—
2024
$9,628
2%
$18,000
—
2023
$9,448
158%
$18,000
196%
2022
$3,663
—
$6,078
—
2021
$3,660
140%
$6,078
-79%
2019
$1,524
—
$28,865
—
2018
$1,524
39%
$28,865
15%
2017
$1,098
—
$25,100
—
2016
$1,098
5%
$25,100
—
2014
$1,041
2%
$25,200
1567%
2013
$1,021
—
$1,512
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 156 Garrett St
156 Garrett Street, Spartanburg, SC 29302 (MLS# 1578770) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 156 Garrett Street is currently listed for $395,000 and was received on January 09, 2026. Want to learn more about 156 Garrett Street? Do you have questions about finding other Multi-Family real estate for sale in Spartanburg? You can browse all Spartanburg real estate or contact a Coldwell Banker agent to request more information.

