Apartment Acquisitions · Spartanburg
Sell Your Commercial Property In Spartanburg, SC
We are an active buyer of Spartanburg commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Spartanburg · Converse Heights · Boiling Springs · Duncan — Spartanburg County, SC
Local Demand
Our View On Spartanburg
Spartanburg is a Spartanburg County city of 38,910 residents, and renters hold 46.1% of its occupied homes, per ACS 2020-2024. Median gross rent in Spartanburg was $1,099 a month, below the $1,180 South Carolina median. Owners who sell commercial property in Spartanburg, SC deal with a 6% rental assessment ratio and 491.5 combined mills in the city and School District 7. Spartanburg Regional Healthcare System and Wofford College anchor in-town demand, while BMW's Greer plant draws workers from across Spartanburg County.
BMW Plant Spartanburg
BMW's plant at 1400 Highway 101 S in Greer employs more than 11,000 people and assembles over 1,500 vehicles daily.Spartanburg Regional Healthcare
Spartanburg Regional lists more than 10,800 employees, with Spartanburg Medical Center on East Wood Street in Spartanburg.Wofford College
Wofford College, on North Church Street in Spartanburg, enrolls 1,781 undergraduates from 42 states and 18 countries.Our Buy Box
What We Buy In Spartanburg
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Spartanburg Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Spartanburg
Renters occupy 46.1% of Spartanburg homes, or 7,347 households, in ACS 2020-2024. Buildings with five or more units hold 20.3% of Spartanburg housing, or 3,540 units, per table B25024.
The stock is old. In Spartanburg, 67.6% of homes were built before 1980, and the median year built is 1968, per table B25034.
Rents and affordability in Spartanburg
Median gross rent in Spartanburg is $1,099 a month, $81 below the state median, per ACS 2020-2024. Median household income in Spartanburg is $51,964, per table B19013.
In Spartanburg, 49.9% of renters pay 30% or more of income on housing, per table B25070. Investors who sell commercial real estate in Spartanburg, SC can point to HUD's FY2027 benchmarks below.
| Unit size | HUD FY2027 FMR, Spartanburg, SC HUD Metro FMR Area |
|---|---|
| Efficiency | $1,055 |
| 1 bedroom | $1,099 |
| 2 bedrooms | $1,196 |
| 3 bedrooms | $1,457 |
| 4 bedrooms | $1,722 |
Figures come from HUD's fair market rent data.
Property taxes in Spartanburg County
A $2,000,000 Spartanburg rental owes about $58,980 a year in county, city and school millage. Rentals are assessed at 6% of fair market value under S.C. Code 12-43-220(e), so assessed value is $120,000.
The 2025 SCAC rate report lists 85.6 county mills, 103.2 City of Spartanburg mills and 302.7 District 7 school mills. That totals 491.5 mills. A deed is an assessable transfer under S.C. Code 12-37-3150.
Plan for state deed fees when you sell commercial property in Spartanburg, SC. S.C. Code 12-24-10 sets $1.85 per $500, or $7,400 on $2,000,000.
Landlord rules in Spartanburg
Spartanburg has no rent control. S.C. Code 27-39-60 bars counties and cities from regulating rent on private residential or commercial rentals.
Deposits must be returned with itemized deductions within 30 days under S.C. Code 27-40-410. A landlord may terminate after rent is five days late, with written notice, under 27-40-710. Other lease breaches allow a 14-day notice to cure.
What it means for a Spartanburg owner
A 46.1% renter share and rents below HUD benchmarks give Spartanburg buyers room to underwrite. Owners ready to sell commercial property in Spartanburg, SC can test pricing with our cap rate calculator.
If you want to sell your apartment building in Spartanburg, Skyline Capital Investments buys 5+ unit properties. Start on our sell my apartment building page.
Before You Sell
Pricing Your Building In Spartanburg
More about selling in South Carolina →Investing in Spartanburg? See apartment syndications in Spartanburg →
- Spartanburg rentals are assessed at 6% of fair market value under S.C. Code 12-43-220(e).
- Before selling commercial property in Spartanburg, budget $7,400 in state deed fees on $2,000,000.
- To sell commercial real estate in Spartanburg, SC, compare rents with the $1,196 HUD two-bedroom benchmark.
Seller Guides
Selling A Building In Spartanburg
Learn More
Taxes & Rules For Spartanburg Property
The South Carolina rules that shape any deal in Spartanburg: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Spartanburg Seller FAQ
What should I know before I sell commercial property in Spartanburg, SC?
A deed is an assessable transfer under S.C. Code 12-37-3150, so a Spartanburg sale triggers reappraisal. Buyers model taxes at 491.5 combined mills from the 2025 rate report. The state deed fee adds $1.85 per $500 of value.
What do buyers look at when I sell commercial real estate in Spartanburg, SC?
Buyers weigh renter demand and rent levels. Renters hold 46.1% of Spartanburg's occupied homes in ACS 2020-2024. Median gross rent is $1,099 a month, and HUD's FY2027 two-bedroom fair market rent is $1,196. Buildings with five or more units hold 20.3% of Spartanburg homes.
How much are property taxes on a Spartanburg apartment building?
At a 6% ratio, a $2,000,000 Spartanburg building has $120,000 assessed value. At 491.5 mills, county, city and District 7 levies total about $58,980 a year. Owners who sell multifamily property in Spartanburg should share recent tax bills with buyers.
Does Spartanburg have rent control?
No. S.C. Code 27-39-60 bars any South Carolina county or municipal corporation from regulating rent on private residential or commercial rental property. Spartanburg owners set rents through leases and the market, so buyers can underwrite rent growth without a local cap.
How old are Spartanburg apartment buildings?
Most are older. In ACS 2020-2024, 67.6% of Spartanburg homes were built before 1980, and the median year built is 1968. Buyers budget for roofs, plumbing and electrical updates when pricing older Spartanburg buildings. That work often shapes the final offer.
Will you buy a Spartanburg property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Spartanburg County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Spartanburg without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Spartanburg?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Tell Us About Your Property In Spartanburg
A few details are enough to start. We respond to every Spartanburg submission, including off-market and pocket listings.
