Investor multi-family 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.
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South Saluda Ave Apartments located in the historic Hollywood-Rosehill neighborhood of Columbia, South Carolina for sale. The property's well-established location and recent improvements offer a new owner an excellent stabilized investment opportunity. Apartment complex for sale in Columbia SC. Great multifamily investor opportunity for their portfolio in an established historic neighborhood of Columbia SC. Renovated in 2018 the buildings are two stories and units feature 2 bedrooms & 1 Bath each and 1200 sq ft.
- 7.02%
- Avg Occupancy 99%
- 24 Units
- Class B
This multifamily apartment complex has 7 buildings for a total of 28 units. 16 units are two bedroom and 12 units are one bedroom. The site has 28 parking spaces behind the buildings and has ample on street parking as well. Each unit contains a refrigerator, stove and radiant heat/window unit. This property consists of multifamily housing located at 511-537 Saluda Avenue, Columbia, South Carolina, in immediate proximity to the University of South Carolina and the Five Points retail/restaurant hub, a diverse shopping and commercial district that has been a central feature in Columbia, SC culture for over 100 years. Filled with 150 unique retailers, restaurants and businesses, the area hosts multiple major events throughout the year, including the St. Patrick’s Day festival. Also within blocks of the property are the University of South Carolina campus, the City of Columbia Central Business District, the South Carolina State Government Complex, the historic Wales Garden residential neighborhood, and the Vista hospitality district.
- 7 buildings
- 28 total units
- 7 additional basement units that could be rented if uplifted
- TMS: 11307-03-15
30 total units (15 duplexes) for sale. Welcome to a great investor opportunity in the Midlands of South Carolina located in Columbia SC Northeast area, close proximity to two commercial corridors (Two Notch Rd. & Killian Rd.).
- Cap Rate 6.9%
- Occupancy Avg 96%
- 30 Units (15 townhome duplexes)
- 39,000 sq ft
- 2 Stories
- Granite Countertops
- Washer & Dryer Connections
- Fully equipped kitchens
- Avg rent $1000+/- month
11 Duplexes (22 units in all). Welcome to your next investment portfolio acquisition at 1725 Springwood Lake in Columbia SC comprised of 11 Duplexes (22 units in all). The total sq ft of space is 22,666 with avg price per sq $72.80. Homes are close to desirable shopping and dining options, big box stores and easy access to Two Notch Rd. and Hwy 77. Located on the Northeast side of Columbia near the "Windsor" area. The homes have vinyl siding and asphalt shingle roofs. Each unit averages $660 per month in rent per month. Rent rate ranges from $600 to $675 with Gross Rents of $13,900 per month.
Great investment property!!! This multifamily property has a high-performance history. Sale includes 7 total properties on the parcel. The sale includes two 10-unit buildings, a tri-plex and two lots that offer an upside potential to build additional units. All units have similar 2 bedroom, 1 bath floor plans. Close to Ridgewood Park Community Center and easy access to shopping, dining, I-20, and just a short drive to Downtown Columbia SC. An additional lot could be used to build more units or sold. HIGHLIGHTS -
- 23 total units
- 8.8% Cap Rate
- total 25,338 sq ft
Located at on the corner of Rosewood Dr and South Ott. The address of the properties is, 3400 Rosewood Dr, 202 S Ott Rd, and 3407 Moss Ave. This property is located just 6 minutes to USC. Located 1 minute from Publix and Rosewood Shopping center. These 6 units have been renovated from top to bottom in 2017. All new HVAC units, all new windows and all new roofs in 2017. Along with a new parking lot and manicured landscaping. This location is in one of the best parts of downtown Columbia. Ideal for students and young professionals. With the University growing this location is only becoming more valuable. Management is willing to stay. This property is extremely well maintained and cash flowing well with an extremely low maintenance cost. The property is submetered for everything except water which the Land Lord is responsible for. Units make up four 2 bedrooms & 1 full bath homes, and two 3 bedrooms, 2 bath homes. HIGHLIGHTS -
- 6 Units
- All New roofs
- All new HVAC
- All New Windows
- Brick Construction
One of a kind new construction turnkey multifamily opportunity in the heart of Myrtle Beach. Surrounded by condos and apartment complexes, Claypond Rd features 60 units consists of 5 buildings, 3-story each. Four 2 bedroom buildings, and one 1 bedroom building. Investors looking for a turnkey income producing property, this is the ideal situation! One of Grand Strand's most experienced real estate valuation firm conducted an appraisal study and confirmed the demand and return on investment.
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.
CAP 7.2 Portfolio of Three Buildings. Units renovated in 2019. Properties are the best performing on the peninsula crushing other STR units and have seen double digit gains since inception annually. Legally zoned, permitted and operating under Short Term Rentals.Each Building has 1st floor commercial space of 580 sqft fully leased out. The 2nd & 3rd floor operates under short term rentals and has 3 bed 2.5 bath 1,818 sqft.You've got 7 private off-street parking, comfy beds and are a block from King Street, what else could you ask for! Big flat screen TV, high-speed Wi-Fi Internet with a work desk in loft area.
The Jacobson Building has been in the same family for generations and is now available for purchase. The front portion of the bottom floor contains Normandy Farms Bakery. The rear portion of the first floor has a one bedroom short-term rental unit with a separate entrance and a large storage space as well as access to an elevator that services the top floor penthouse. The second floor contains another 1 bedroom short-term rental unit overlooking Broad St. as well as a very large 2 bedroom 2 full bath short-term rental unit. The top floor was recently remodeled and redesigned by local architect, Buz Morris. It is a 1 bedroom 1 1/2 bath penthouse and is accessed by its own staircase as well as a private elevator. It has amazing views out of huge windows that
This 10 unit, fully renovated historic compound consists of 3 buildings - a Merchant's Residence, Wharf Warehouse & Carriage House. All 10 units have legally entitled individual TMS #'s, meaning this property can also be sold as condos. Comprehensive renovation- All new HVAC, electrical, plumbing, tankless hot water. Meticulous restoration of all original masonry, heart pine floors, fireplaces & french doors. Timeless & Chic. Near the corner of East Bay, these Society St. maisonettes benefit from the quiet privacy of quaint Ansonborough. Each unit has outdoor space, whether a piazza or courtyard. Off Street Parking (6 spaces) & a Centrally located Fountain on the Grounds offer Convenience, paired with Tranquility & Charm. 10 units total- 5 one BR units & 5 two BR units. All units leased!
Rare opportunity to purchase a substantial downtown building with parking. The retail space consists of 2,354 sq ft that is currently an 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.
South Saluda Ave Apartments located in the historic Hollywood-Rosehill neighborhood of Columbia, South Carolina for sale. The property's well-established location and recent improvements offer a new owner an excellent stabilized investment opportunity. Apartment complex for sale in Columbia SC. Great multifamily investor opportunity for their portfolio in an established historic neighborhood of Columbia SC. Renovated in 2018 the buildings are two stories and units feature 2 bedrooms & 1 Bath each and 1200 sq ft. 7.02% Avg Occupancy 99% 24 Units Class B
This multifamily apartment complex has 7 buildings for a total of 28 units. 16 units are two bedroom and 12 units are one bedroom. The site has 28 parking spaces behind the buildings and has ample on street parking as well. Each unit contains a refrigerator, stove and radiant heat/window unit. This property consists of multifamily housing located at 511-537 Saluda Avenue, Columbia, South Carolina, in immediate proximity to the University of South Carolina and the Five Points retail/restaurant hub, a diverse shopping and commercial district that has been a central feature in Columbia, SC...
30 total units (15 duplexes) for sale. Welcome to a great investor opportunity in the Midlands of South Carolina located in Columbia SC Northeast area, close proximity to two commercial corridors (Two Notch Rd. & Killian Rd.). Cap Rate 6.9% Occupancy Avg 96% 30 Units (15 townhome duplexes) 39,000 sq ft 2 Stories Granite Countertops Washer & Dryer Connections Fully equipped kitchens Avg rent $1000+/- month
11 Duplexes (22 units in all). Welcome to your next investment portfolio acquisition at 1725 Springwood Lake in Columbia SC comprised of 11 Duplexes (22 units in all). The total sq ft of space is 22,666 with avg price per sq $72.80. Homes are close to desirable shopping and dining options, big box stores and easy access to Two Notch Rd. and Hwy 77. Located on the Northeast side of Columbia near the "Windsor" area. The homes have vinyl siding and asphalt shingle roofs. Each unit averages $660 per month in rent per month. Rent rate ranges from $600 to $675 with Gross Rents of $13,900 per...
Great investment property!!! This multifamily property has a high-performance history. Sale includes 7 total properties on the parcel. The sale includes two 10-unit buildings, a tri-plex and two lots that offer an upside potential to build additional units. All units have similar 2 bedroom, 1 bath floor plans. Close to Ridgewood Park Community Center and easy access to shopping, dining, I-20, and just a short drive to Downtown Columbia SC. An additional lot could be used to build more units or sold. HIGHLIGHTS - 23 total units 8.8% Cap Rate total...
Located at on the corner of Rosewood Dr and South Ott. The address of the properties is, 3400 Rosewood Dr, 202 S Ott Rd, and 3407 Moss Ave. This property is located just 6 minutes to USC. Located 1 minute from Publix and Rosewood Shopping center. These 6 units have been renovated from top to bottom in 2017. All new HVAC units, all new windows and all new roofs in 2017. Along with a new parking lot and manicured landscaping. This location is in one of the best parts of downtown Columbia. Ideal for students and young professionals. With the University growing this location is only becoming more...
One of a kind new construction turnkey multifamily opportunity in the heart of Myrtle Beach. Surrounded by condos and apartment complexes, Claypond Rd features 60 units consists of 5 buildings, 3-story each. Four 2 bedroom buildings, and one 1 bedroom building. Investors looking for a turnkey income producing property, this is the ideal situation! One of Grand Strand's most experienced real estate valuation firm conducted an appraisal study and confirmed the demand and return on investment.
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.
CAP 7.2 Portfolio of Three Buildings. Units renovated in 2019. Properties are the best performing on the peninsula crushing other STR units and have seen double digit gains since inception annually. Legally zoned, permitted and operating under Short Term Rentals.Each Building has 1st floor commercial space of 580 sqft fully leased out. The 2nd & 3rd floor operates under short term rentals and has 3 bed 2.5 bath 1,818 sqft.You've got 7 private off-street parking, comfy beds and are a block from King Street, what else could you ask for! Big flat screen TV, high-speed Wi-Fi Internet with a work...
The Jacobson Building has been in the same family for generations and is now available for purchase. The front portion of the bottom floor contains Normandy Farms Bakery. The rear portion of the first floor has a one bedroom short-term rental unit with a separate entrance and a large storage space as well as access to an elevator that services the top floor penthouse. The second floor contains another 1 bedroom short-term rental unit overlooking Broad St. as well as a very large 2 bedroom 2 full bath short-term rental unit. The top floor was recently remodeled and redesigned by local...
This 10 unit, fully renovated historic compound consists of 3 buildings - a Merchant's Residence, Wharf Warehouse & Carriage House. All 10 units have legally entitled individual TMS #'s, meaning this property can also be sold as condos. Comprehensive renovation- All new HVAC, electrical, plumbing, tankless hot water. Meticulous restoration of all original masonry, heart pine floors, fireplaces & french doors. Timeless & Chic. Near the corner of East Bay, these Society St. maisonettes benefit from the quiet privacy of quaint Ansonborough. Each unit has outdoor space, whether a piazza or...
Rare opportunity to purchase a substantial downtown building with parking. The retail space consists of 2,354 sq ft that is currently an 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.
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.
