39 Spartanburg Street, Greenville, SC 29607

$564,550

Located in Greenville's highly sought-after Overbrook neighborhood, 39 Spartanburg St., an all-brick, recently renovated, fully occupied triplex, presents a unique investment opportunity. This vibrant area seamlessly blends historic charm with contemporary appeal and has recently been featured in Forbes, making it a prime location for investors and residents. This fully-rented… Read More triplex, built in 1946, boasts a rich income history and promising potential for appreciation with below-market rents in two units. Following thoughtful renovations, the property now showcases modern kitchens and appliances in Units A and C, all while preserving the stunning original hardwood floors that celebrate its storied history. The newly (2025) painted exterior, quaint walkways, sidewalks, and public library box enhance its curb appeal. With approximately 2,100 square feet of living space thoughtfully divided into three distinct, separately-metered, two-bedroom, one-bathroom units, this property is designed to meet the ever-growing demand of tenants to live in close proximity to Greenville's vibrant Downtown (1.5 miles) cultural and arts scene. With a current Net Operating Income (NOI) of $41,448, a Capitalization (CAP) rate of 7.34%, and a long-term tenant history, this investment embodies strong financial health and reliability. Furthermore, the property features a roof made of durable architectural shingles, which retains over half its expected lifespan, along with well-maintained HVAC systems that promise tenant comfort and minimize maintenance costs. The sizable 0.208-acre lot provides a convenient, recently (2024) poured driveway for parking—an enviable amenity in this sought-after area. The walk-in basement provides each tenant additional storage space, another added value differentiator. Outdoor enthusiasts will delight in the proximity to the Swamp Rabbit Trail (0.7 miles), perfect for leisurely walks and invigorating bike rides, while beautiful green spaces at Timmons Park (0.7 miles) beckon for relaxation. The David Hellams Community Center (0.2 miles)brims with local activities, a covered basketball court, and a playground. Culinary aficionados will revel in the nearby dining options, including Fork & Plough (0.2 miles), Clare's Creamery(0.2 miles), Scout's Doughnuts (0.3 miles) and Harry's Hoagie Shoppe (0.2 miles). For those keen on fitness, establishments like The WRKT Greenville Pilates studio (0.2 miles) and C.O.R.E. Grow Strong Pilates studio and athletic clothier (0.4 miles) provide excellent opportunities to stay active and engaged. With all units currently rented, this property provides immediate income, making it an attractive addition to any investment portfolio. Its charm, the neighborhood's national recognition, picturesque surroundings, and convenient amenities truly set it apart. Seize the opportunity to make this Greenville treasure a part of your investment journey! To respect the residents and allow prospective purchasers to view the property, we will hold an open house on Thursday, April 24, between 11:00 AM and 1:00 PM. We have moved up the open house based on numerous inquiries and interested parties. Do not disturb tenants or walk the property without permission from the listing brokerage. More photos of Units B and C, current lease agreements, and other supplements are available upon request. Read Less

Courtesy of Tyler A. V. Hudzik, The Gallo Company.

Listing Snapshot

Days Online

Last Updated

Apr 26, 2025

Property Type

Single Family Residence

Beds

Full Baths

Lot Size

0.21 Acres

Year Built

1946

MLS Number

1554441

30 Days Snapshot Of 29607

$481k

-8%

(avg) sold price

200

+65%

homes sold

-20%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Appliances: "Dishwasher", "Dryer", "Refrigerator", "Washer", "Electric Oven", "Free-Standing Electric Range", "Range", "Microwave", "Electric Water Heater"

Basement

Basement: "None"

Building

Architectural Style: "Traditional", Built in 1946, Construction Materials: "Brick Veneer", Levels: "One", Stories: 1

Cooling

Cooling Included, Cooling: "Central Air"

Exterior Features

Exterior Features: "Other"

Fireplaces

Fireplace Features: "None", Fireplaces Total: 0

Floors

Flooring: "Wood"

Foundation

Foundation Details: "Crawl Space"

Garage

Garage Spaces: 0

Heating

Heating Included, Heating: "Natural Gas"

Home Owner's Association

Fee Includes: "None"

Interior Features

Interior Features: "Ceiling Fan(s)", "Ceiling Smooth", "Granite Counters"

Kitchen

Area: 121, Length: 11, Width: 11

Laundry

Features: "1st Floor", "In Kitchen", "Stackable Accommodating"

Lot

Acres: 0.21, Area: 9147.6, Features: "1/2 Acre or Less", "Sloped", "Few Trees", Square Feet: 9147.6

Living Room

Area: 144, Length: 12, Width: 12

Primary Bedroom

Area: 110, Length: 11, Width: 10

Parking

Open Parking, Parking Features: "See Remarks", "Paved", "None", Parking Total: 0

Property

Parcel Number: 0190.0002006.00, Property Condition: "50+", Property Sub Type: Single Family Residence

Roof

Roof: "Architectural"

Sewer

Sewer: "Public Sewer"

Taxes

Tax Annual Amount: $6,864

Utilities

Utilities: "Cable Available", Water Source: "Public"

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