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 a duplex, triplex, and quadplex units. 

MLS Listings Data

Total Listings: 226
Average Price: $978,092
Highest Listing Price: $11,500,000
Average Days On Market: 83
Average Price/SqFt: $398

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Number of MLS Listings 1 - 12 of 226

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 7 properties throughout the Tri-County area.... 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.

$ 11,500,000
View details Beds - 6 Baths - Sqft - 480
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.

$ 5,450,000
View details Beds - 28 Baths - Sqft - 4300
Portfolio of three identical properties (47, 47.5, 49 Spring) which are...

Portfolio of three identical properties (47, 47.5, 49 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! Interior images are of 47.5 Spring, buildings are nearly identical. Properties may be purchased individually, or as a package of 2. Pkg of 2 See MLS 20022875, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows:

$ 4,799,000
View details Beds - 6 Baths - Sqft - 580
Rare opportunity to purchase a substantial downtown building with parking....

Rare opportunity to purchase a substantial downtown building with parking. The retail space consists of 2,354 sq ft that is currently leased by an established art gallery. There are 2 one bedroom apartments on the second floor and 1 one bedroom apartment on the third floor. All are in excellent condition with lots of exposed brick and beams. Two of the apartments have rooftop decks. The apartments are excellent candidates for a condo conversion given the location, condition, roof top decks, parking, and the intact historic fabric. Property is in process of being subdivided and individual units are available.

$ 4,250,000
View details Beds - 0 Baths - Sqft - 0
Stunning, Historic 6 unit turn key short-term rental property located in...

Stunning, Historic 6 unit turn key short-term rental property located in the heart of Cannonborough-Elliotborough. This beautiful 6,400 square foot STR property is fully permitted/operational with 6 units and a total of 17 bedrooms and 12 full bathrooms with 5-3 bedroom/2 bath units & 1-2 bedroom/2 bath unit. All of the units have been professionally & tastefully decorated and the building is being sold fully-furnished to include all appliances, fixtures, and furnishings. The structure was renovated from the studs out in 2017 and features all new HVAC, framing, plumbing, electrical, flooring, and commercial sprinkler system. Professional management is currently in place and the property consistently receives 5-star reviews. Anticipated gross income for 2020 is $400k+.

$ 4,250,000
View details Beds - 12 Baths - Sqft - 0
Excellent opportunity to purchase a fully renovated historic compound...

Excellent opportunity to purchase a fully renovated historic compound encompassing 10 units with 15 bedrooms over 3 buildings-a Merchant's Residence, Wharf Warehouse & Carriage House. All 10 units have their own legally entitled TMS #'s allowing each unit to be sold as individual condos. All units have undergone a comprehensive renovation to include all new HVAC, electrical, plumbing, and tankless hot water in the last 5 years. This property boasts tall ceilings, the meticulous restoration of all original masonry, heart pine floors, charming exposed fireplaces, and french doors. Each unit offers an outdoor space, a courtyard or piazza. While located close to the corner of East Bay Street these units still maintain the quiet privacy of quaint Ansonborough. Off street parking (5 spaces)

$ 4,195,000
View details Beds - 8 Baths - Sqft - 1157
This listing includes 23 units at McDaniel Heights Condos. 2 bedroom/1...

This listing includes 23 units at McDaniel Heights Condos. 2 bedroom/1 bath condo units at Faris Ridge. MLS 1427332, 1427336, 1429658, 1429661, 1429662, 1429664, 1429665, 1429676, 1430968, 1430984, 1430985, 1431012, 1431014, 1431020, 1431022, 1431026, 1431027, 1431028, 1431027, 1431028, 1431034, 1431049, 1431061, 1431069,1431079 Individual units priced at from $126,900 - 222,900 Lease rates range from $795/mo (long-term tenant) to $1050/mo. 23 units over 36.6% of HOA Vote is controlled Leases transfer with sale at closing. Taxes based on 6% rate. Less than 2 miles to Prisma Health System, Swamp Rabbit Trail, Greenville Medical School Campus, and downtown Greenville. This is a thriving area convenient to Greenville Tech, Laurens Rd, Downtown. Great Schools and great opportunity to invest in this area.

$ 3,885,000
View details Beds - 4 Baths - 4 Sqft - +/-
Almost 13,000 SF of desirable, high end rentals, this incredible...

Almost 13,000 SF of desirable, high end rentals, this incredible investment includes 4 buildings, 7 units, 28 bedrooms sprawling over an entire city block. Two modern new builds, w/ 4 units, all 4 br's & 4.5 baths, 1750 sf each. These units are graciously configured to spread out over 3 private floors, w/ highly desirable private roof top decks, luxury kitchens, shiplap ceilings, coastal chic design & views galore. Flanking either end of these new construction buildings, are 2 historic Charleston homes, one fronting Ashley Avenue (2 units) & another fronting Orrs Court (1 unit). Both historic buildings were just renovated in January 2018. All structures raised out of Flood Zone and built to the highest standards. Entire property is fully leased through July 31, 2021

$ 3,750,000
View details Beds - 16 Baths - Sqft - 2050
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, which would be well-suited for potential conversion back into a grand, single-family residence. 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. No detail was overlooked during the total restoration.

$ 3,499,000
View details Beds - 5 Baths - Sqft - 0
Portfolio of two identical properties (47, 47.5 Spring) which are legally...

Portfolio of two identical properties (47, 47.5 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! Interior images are of 47.5 Spring, both buildings are identical. Properties may also be purchased individually, or as a package of 3. Pkg of 3 See MLS 20033071, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows: King

$ 3,399,000
View details Beds - 6 Baths - Sqft - 580
New construction multifamily consists of two buildings, for a total of 30...

New construction multifamily consists of two buildings, for a total of 30 units. Building 1 will be completed by the end of 2020, and building 2 by the Summer of 2021. This is a rare opportunity to own one of the only new construction Multifamily in the rapidly growing market of Conway, South Carolina. The property is located 7 miles from Coastal Carolina University, and it is nearby shopping centers, great schools and other in-demand attractions.

$ 3,095,000
View details Beds - 30 Baths - Sqft - 19000
A great opportunity to step into an existing business with continual cash...

A great opportunity to step into an existing business with continual cash flow that has bookings into 2021. The 196 Rutledge Avenue Inn, circa 1910, has been operating since 2011. We invite you to review for yourself over 800-5 star reviews of our rental history. The main house was renovated down to the studs in 2008. All electric, plumbing, and HVAC were updated at that time. A ''cottage'' was built at 194 Rutledge Avenue in 2008, beside the main house. There is off-street parking for 8 cars. The main house boasts high ceiling with original molding and mahogany inlaid wood floors. Units A and B have spacious open-concepts, measuring over 1350 sq. ft with two large bedrooms and two and a half bathrooms. Units C & D are 800 sq.ft each and feature 1BR/1BA. Agent is part owner.

$ 2,899,995
View details Beds - 6 Baths - Sqft - 1275

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.