Investor multifamily property listings for sale in South Carolina. View SC apartment communities & complexes for sale by price, town, city, major market, cap rate, list date, region, days on market, and more. Search for all investment property portfolio commercial multifamily housing for sale in SC here. View multi-family properties for sale in Charleston, Columbia, Greenville, Myrtle Beach, and all the surrounding communities & neighborhoods. This page includes entire apartment neighborhoods for sale in South Carolina, as well as duplex, triplex, quadplex units, and mobile home parks

MLS Listings Data

Total Listings:139
Average Price:$1,083,819
Highest Listing Price:$6,750,000
Average Days On Market:80
Average Price/SqFt:$518

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Number of MLS Listings 1 - 12 of 139

This Luxury Simplified custom designed commercial development was...

This Luxury Simplified custom designed commercial development was completed in 2018 and is located 1/2 a block from Center Street. 'Slightly off Center' includes four- four bedroom properties, each includes a private swimming pool and over 1,600 ft^ of luxury living space. This development was designed to provide the owners with the ability to maximize vacation rental income by utilizing a hybrid marketing approach. This development is rented as singles, two duplex options, a tri-plex, or a quad-plex, and continues to satisfy the consumer demand for unique luxury multi-family vacation rental options in Charleston. Each single property has a private pool, but when rented as a multi-family the exterior garden space opens-up to the other, providing the ability to entertain

$ 6,750,000
View details Beds - 16 Baths - Sqft - 1600
Great location next to the College of Charleston campus. All four...

Great location next to the College of Charleston campus. All four properties (31 Coming, 29 Coming, 1 Montagu and 1-1/2 Montagu) are contiguous and must be purchased as a package (will not be sold individually). Parking for approximately 20 cars. All properties are currently leased.

$ 6,450,000
View details Beds - 28 Baths - Sqft - 4300
162 Spring is a fully operating short term rental and legally zoned in the...

162 Spring is a fully operating short term rental and legally zoned in the short term rental overlay of Downtown Charleston. This property features 5 units in 3 separate buildings. The front building includes (2) 2BR/2BA apartments, and a fully leased commercial space in the front. The middle and back building are both 4BR/3BA homes built in 2018.In addition, this property has 7 off-street parking spaces. All furniture to convey.

$ 4,995,000
View details Beds - 8 Baths - Sqft - 390
This Luxury Simplified custom designed commercial multi-family development...

This Luxury Simplified custom designed commercial multi-family development was completed in 2019 and is A1/2 a block from Center Street. The 'Retreats on Hudson' commercial development includes three single family homes with each property having a private swimming pool. There are two, three-bedroom properties with over 1,500 ft^ living space, and one-five bedroom property with ~2,400 ft^ living space. This development was designed to provide the owners with the ability to maximize vacation rental income by utilizing a hybrid marketing approach. This development is rented as singles, a six-bedroom option, and a 10-11 bedroom compound and continues to satisfy the consumer demand for unique luxury multi-family vacation rental options in Charleston.

$ 4,750,000
View details Beds - 11 Baths - Sqft - 2393
Amazing opportunity to purchase 66 units just a short drive from Fort...

Amazing opportunity to purchase 66 units just a short drive from Fort Jackson base, and down town Columbia. The property is located near shopping & dining and right off HWY 77. 66 condominium units out of 126 total in the community. Units are all two bedrooms two baths with 1,250 sf. Financial information is available upon request. Zoned RM-HD. Most units were completely renovated in the past 24 months. 70% of the HVAC systems were replaced in the past 24 months. Very high occupancy rate. Local management company in place.

$ 4,500,000
View details Beds - 0 Baths - Sqft - 65000
24 Units, all 3BR 1.5BA. Complex has undergone extensive renovation (see...

24 Units, all 3BR 1.5BA. Complex has undergone extensive renovation (see attachments). 100% occupied, all tenants are on a month to month lease, with NO subsidized / SEC 8. All units are currently rented below market value, so there is room for capital improvement. This is a PERFECT 1031 property, or portfolio add for someone looking for a clean and operational complex.

$ 4,500,000
View details Beds - 3 Baths - Sqft - 935
Zoned Urban Commercial. A UC District allows for high density residential...

Zoned Urban Commercial. A UC District allows for high density residential development within a commercial zoning district. This property includes a beautiful 5,650 square feet building plus a 3,595 SF vacant lot that can be developed. Currently there are up to 18 parking spaces on-site (12 of the above referenced parking spaces are single spaces, and 5-6 spaces are additional ''stacked'' spaces).This is a gorgeous free-standing property beautifully landscaped with unique touches such as exterior gas lanterns, heart pine flooring, exposed brick walls, and original fireplaces. It is obvious that this property has been meticulously cared for over the years.The entire first floor is leased by Hagan Fine Art and includes 6 large offices, 1 large conference room, kitchenette, & a work /

$ 3,960,000
View details Beds - 0 Baths - Sqft - 0
INVESTORS****This a centrally located UNIQUE BLOCK TO BLOCK LIST OF...

INVESTORS****This a centrally located UNIQUE BLOCK TO BLOCK LIST OF PROPERTIES DOWNTOWN CHARLESTON** mins from I-26, 526 and King Street, Aquarium with a view of the Cigar Factory and Ravenel Bridge this is a wonderful completely renovated tri-plex in a convenient downtown location. It consists of 3 separate apartments, with a total of 6 bedrooms with new hardwoods floors throughout each unit. Two BURNED Homes 2 vacant lots, 1 two bedroom cottage, I Will provide rental income upon request.THIS PROPERTY IS BEING SOLD AS A PACKAGE**The listing consists of 5 properties.... Listing agent to be present for all showings. Tenants are in place. Please provide a 24 hours notice for all showings. Buyer to confirm and do their own due diligence.

$ 3,600,000
View details Beds - 6 Baths - Sqft - 480
Renovated, turnkey investment property located on Folly Beach South...

Renovated, turnkey investment property located on Folly Beach South Carolina. Possessing 4 short term rental licenses, this quadruplex is one of a kind for the island as such properties rarely exchange. Recent improvements on the 2 buildings include: new roofs, duct work, HVAC units, interior and exterior paint, flooring, decking, stainless steel appliances, butcherblock countertops and renovated bathrooms. New furniture throughout to convey with purchase. The quarter- acre property has two structures, each with two, 900+ SF units. Each unit holds 2- beds and 1- bath. Each of the four units has two off- street parking places. No mandatory flood insurance required.

$ 3,500,000
View details Beds - 8 Baths - Sqft - 970
Beautiful Greek Revival, the William A Hussey house, located in the heart...

Beautiful Greek Revival, the William A Hussey house, located in the heart of Wraggborough circa 1849, has been meticulously restored per National Register of Historic Places guidelines and a portion of the Federal Historic Tax Credits are transferrable. This stunning property currently consists of 5 separately metered units bringing in $164,400 in gross annual income, which would be well-suited for potential conversion back into a grand, single-family residence with 1st floor apartment. Featuring soaring, 12 foot ceilings with intricate crown molding, several working fireplaces with pristine mantles, original hardwood floors throughout, marble counters in kitchens/baths, stainless steel appliances, gas ranges, back porches, and a professionally designed/landscaped courtyard.

$ 3,495,000
View details Beds - 5 Baths - Sqft - 0
INCREDIBLE INVESTMENT OPPORTUNITY! 3 of the homes are Ocean Front (E8,...

INCREDIBLE INVESTMENT OPPORTUNITY! 3 of the homes are Ocean Front (E8, E10, and B4), 1171 is one house back from the ocean. GREAT ocean views, incredible rental income history, desirable area. All 4 homes are being sold together, price includes the business name "Sandy Beach Rentals" the website, VRBO page, Property management for 1 year, all current and future reservations will convey, and handyman services provided at a fee. Properties are sold fully furnished minus items in the sheds. E8, E10, and B4 are all 5 bedrooms with 3 baths, house 1171 is a 7 bedroom 3 bath house.

$ 3,200,000
View details Beds - 0 Baths - Sqft - 1600
80 Society offers five condos within an Antebellum Mansion downtown...

80 Society offers five condos within an Antebellum Mansion downtown featuring gorgeous wood and brick detailing throughout. Ideally located between King and Meeting Streets, just steps from Muse Restaurant & Wine Bar. These condos have been completely renovated with luxury finishes. Outdoor is a private courtyard/patio area offering the perfect gathering space. Units B, C, E, and F are 1 bed, 1 bath units, unit D is a 3 bed, 3 bath unit.

$ 2,700,000
View details Beds - 6 Baths - Sqft - 432

Buying Multifamily

 

Important Info for investing in apartment buildings

More income quicker

Multifamily properties have many rental units that produce more cash flow at a faster rate than a single rental unit. Rather than having to buy several single-family rentals over time, you can make more cash flow with the purchase of just one building.

Vacancy

With a multi-unit investment like an apartment building, there are multiple rental units that can be used to offset a loss in rents from vacancy. If 20% of the units are vacant, 80% are still producing income which allows you to cover costs like debt service, property taxes, or other related property expenses.

Economy of scale

The economy of scale is spreading fixed costs over an increased number of units. Property expenses and holding costs relating to an apartment building are typically far less than a portfolio of single-family rental properties because there are multiple units under one roof.

Property taxes, insurance, and management fees are generally fixed and the cost to replace the HVAC of a single-family home or a small apartment building that has six units under one roof is relatively the same. As the number of rental units increases, income is increased while reducing your cost, making it more cost-effective than multiple single-family rentals.

Valuation Differences

To value a one-to-four unit residential building, we will use the Comparable Sales Approach which means property’s value will fluctuate by comparing to the sales price your neighbors received from selling their property. However, five-plus-unit residential buildings are being valued by using Income Approach which means the property’s value relies on the net operating income (NOI) and Cap Rates the building is bringing in. 

 

Negatives of investing in apartment buildings:

 

Affordability

The largest barrier to entry into investing in apartment buildings is affordability. Multifamily properties can be expensive and require much more initial capital to get started. Investors should expect to have around 20% of the purchase price. There are opportunities to raise capital using multiple resources. Hence why new real estate investors will begin with single-family properties first.

Management

Managing an apartment building can fall under both pro and con, similar to managing a single-family rental. On one side, you’re managing all of the tenants in one location, typically under one roof. You don’t have to drive all over town. However, there are more tenants and units to maintain and manage, meaning more responsibility, organization, and in general more potential problems. Finding a good and robust management software can help considerably for a well-organized system.