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:155
Average Price:$905,672
Highest Listing Price:$6,450,000
Average Days On Market:24
Average Price/SqFt:$405

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Number of MLS Listings 1 - 12 of 155

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
BRAND NEW 16 3-BED , 2.5 BATH WITH SINGLE CAR GARAGE UNITS WITHIN SHORT...

BRAND NEW 16 3-BED , 2.5 BATH WITH SINGLE CAR GARAGE UNITS WITHIN SHORT DISTANCE TO GRANDE DUNES, YMCA , HOSPITAL,MEDICAL CENTERS AND SHOPPING.. FEW MINUTES TO THE BEACH. READY TO MOVE IN IN SEP 2022. GREAT RENTAL LOCATION

$ 5,999,000
View details Beds - 16 Baths - Sqft - 26224
Located in the heart of downtown Charleston, this iconic residence...

Located in the heart of downtown Charleston, this iconic residence overlooks both the Charleston Harbor and White Point Garden, exuding history and charm with one of the best views in all of the city. This listing includes the first two floors of the building which are divided into a first floor 1BD/1.5BA unit and a second floor 2BD/2BA unit.The home, known in historical circles as the Louis Desaussure House, was built in 1858 in the Greek Revival style while also incorporating Italianate elements. Desaussure then sold the house in 1888 to Bernard O'Neill, a wealthy wholesale grocer, who added the cast-iron balconies which still remain today.The expertly maintained property retains many beautifully preserved historic details including 12 foot ceilings, detailed moldings, hardwood

$ 5,500,000
View details Beds - 3 Baths - Sqft - 1913
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
120 President is a 4 unit, fully licensed and fully sprinkled STR. The...

120 President is a 4 unit, fully licensed and fully sprinkled STR. The property consists of one building with four 2BR/1BA apartments. Each apartment has been renovated with new bathrooms, kitchens, paint, wallpaper, fixtures, and furnishings.In addition to off-street parking, property has 4 leased (transferable) spaces in the adjacent lot.There is a master deed and HPR in place, which allows each of the 4 units to be utilized as a condominium, if desired.There are 5 water meters and 5 electric meters (one for each unit and one house meter). All furniture to convey.

$ 2,935,000
View details Beds - 8 Baths - Sqft - 710
This is a once-in-a-lifetime opportunity to own an income-producing...

This is a once-in-a-lifetime opportunity to own an income-producing property in the heart of Charleston. This spacious, 4-unit property is a blank canvas ready to be restored. As you walk through each unit, you will find touches of architectural history. These features include multiple fireplaces, casings around the windows and doors, original flooring, and the details in the staircase. The impressive windows allow in a tremendous amount of natural light and some of the most picturesque views that the area has to offer. The outside of the property has signature double front porches that provide a retreat to escape and/or to entertain and multiple decks and porches are a part of other units. Completed with the surrounding cobblestone street and adorned with Crepe Myrtle trees.

$ 2,890,000
View details Beds - 13 Baths - Sqft - 839
Excellent opportunity to own cash flowing multi-family property in the...

Excellent opportunity to own cash flowing multi-family property in the heart of Mt. Pleasant. The property consists of ten two bedroom one and a half bathroom townhomes that are approximately 1100 square feet each. The superior location of this single building property affords it strong rents and 100% occupancy. The Mt. Pleasant rental market continues to see impressive year over year rent growth. Contact Broker for additional information and to schedule showings. **All information deemed accurate but not guaranteed. If square footage is important please measure.**Buyer to pay .25% transfer fee required by the POA.

$ 2,750,000
View details Beds - 0 Baths - Sqft - 0
his multi-family investment has a total of six (6) units and includes ten...

his multi-family investment has a total of six (6) units and includes ten (10) private parking spaces in the rear of the property. The property is 100% Leased with over $117,000/year in gross income. This site also is also zoned for short term rentals. There is a mixture of two and one bedroom units with all having one bathroom each. The location of the property is very convenient to many businesses and amenities. Across the street is MUSC and right next to the property is the Ashley Inn. Within walking distance is Walgreens and many restaurants (Laurel, Xiao Bao Biscuit, Fuel, Bon Banh Mi, Gnome Cafe and several restaurants on Spring Street). The property was recently painted on the exterior and additional landscaping has been completed. Other recent improvements include the re

$ 2,600,000
View details Beds - 5 Baths - Sqft - 0
The William Waller House, circa 1840, is situated on a large .23 acre lot...

The William Waller House, circa 1840, is situated on a large .23 acre lot located in the heart of Radcliffeborough and just steps from Upper/Central King St., Marion Square, the College of Charleston, and MUSC. The property features 4 units, and 12 bedrooms 10 full and 2 half baths, . Current gross annual income is $14,400/month ($172,800 annually) with renewals in place through 7/31/23 at $14,750/month (w/90 day kick-out clause) making it ideal for use as a primary residence or as an investment property. The large lot can easily accommodate 10+ off-street parking spaces. All of the units were renovated extensively in 2019-20 with updated electrical, plumbing, HVAC, lighting, and all new kitchens and baths.

$ 2,549,000
View details Beds - 12 Baths - Sqft - 2964
ESTATE SALE; Elegant South of Broad home redesigned by award-winning...

ESTATE SALE; Elegant South of Broad home redesigned by award-winning architect Reggie Gibson and meticulously renovated by Bennett Hofford Construction Co. Three bedrooms each with an en suite bath plus a powder room downstairs, formal living room & dining room plus an upstairs parlor. All rooms access a full-length porch upstairs and down. Carriage house attached offers an additional space or an excellent rental. Off-street parking and perfect yard await your review. 'Come see!

$ 2,498,000
View details Beds - 4 Baths - Sqft - 2511

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.