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: | 235 |
| Average Price: | $1,048,232 |
| Highest Listing Price: | $9,745,000 |
| Average Days On Market: | 123 |
| Average Price/SqFt: | $336 |
SC Multifamily Investor Property For Sale currently has two hundred and thirty-five (235) for sale on MLS. SC Multifamily Investor Property For Sale listings have an average sales price of $1,048,232 ranging in price from $70,000 to $9,745,000. The average sq ft home size of SC Multifamily Investor Property For Sale Charleston SC is 3,118 square feet. The largest property for sale is 30,288 sqft and smallest 525 sqft. View property listings for sale by price, street, subdivision, age, property type, location, features, size, and listing date, and time on MLS with an of 123 days on the market.
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Welcome to Willow Place on Skinner Avenue, a charming retreat just minutes from Downtown Charleston, with the added bonus of no HOA! Nestled in a peaceful, one-way-in/out subdivision off Wappoo Road, this home has been thoughtfully upgraded for modern living. Recent updates include a new HVAC system, water heater, and dishwasher all installed in 2023, along with a roof replaced in 2016. Upstairs, you'll find all the bedrooms and a full bathroom, while the main level offers a convenient half bathroom. The layout balances a sense of separation in the living, dining, and kitchen areas while still feeling open and inviting. Double glass doors lead to a spacious sunroom, perfect for soaking up natural light, as well as a separate laundry room. Step outside onto theexpansive deck - ideal for outdoor entertaining - which overlooks a backyard complete with a firepit, perfect for gathering around on cool evenings. Beyond the yard, a natural buffer creates a private and serene space, great for people or pets to run and play. The kitchen is a standout, boasting granite countertops, a tile backsplash, upgraded cabinetry, and stainless-steel appliances. Note that some photos may not reflect the latest updates to this delightful home, making it even more of a must-see in person
$ 409,000
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$ 9,745,000
Nestled in the heart of Charleston's Historic District, this remarkable property offers a rare opportunity to own a piece of the city's rich history with 15 residential units (22 beds/22 baths), & 1 commercial unit. The offering consists of (9) 1/1 units, (5) 2/2 units, (1) 3/3 unit & 1 commercial unit. Comprised of 2 historically significant buildings from circa 1799 & 1890, this versatile property includes related outbuildings & 16 off-street parking spaces. With a prime location close to the Mills House Hotel & Waterfront Park, this property boasts picturesque views & unparalleled convenience. The main house at 46 Queen includes (7) updated 1/1 units spanning 4 floors. Charming details such as wide piazzas and exposed brick walls add warmth and character to the space. 48 Queenencompasses the related outbuildings (former kitchen house, stable house, and carriage house) to include (2) 2 bed/2 bath units and (2) 1 bed/1 bath units. 50 Queen features a retail space as well as four residential units, (3) 2 bed/2 bath units, and (1) 3 bed/3 bath unit. 50 Queen also offers updated units with exposed wooden beams and brick details. All buildings have fire sprinklers and both main buildings have high elevations and full basements with poured concrete floors. This historic gem offers endless possibilities for investors or those looking to create a unique residential or commercial space. The combination of its prime location, architectural beauty, and potential for various uses makes it a standout property in Charleston's vibrant real estate market.
$ 9,745,000
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$ 6,500,000
This spectacular four-unit building with nine on-site parking spaces is located in Ansonborough in the heart of the Historic District of Charleston, just one block from Market Street. Zoned GB (General Business) and located in the Accommodations overlay, the property is approved for a 4-unit accommodations use. It is currently operating as a 4-unit luxury vacation rental known as the Charleston Chestnut Mansion, but could also be utilized for long term rentals or a variety of other commercial uses. Each of the four fully equipped residential units has its own private entrance and is beautifully appointed with high quality materials and appliances. The first floor contains suite 101 (renovated in 2019) and suite 102, (renovated in 2021).These suites are just over 1,400 SF each and each have 2 bedrooms and 2 baths. Suite 201 makes up the entire second floor (renovated in 2016). This suite is approx. 3,339 SF and has 3 bedrooms and 3 baths with a private elevator. Suite 301 makes up the entire third floor (renovated in 2016). This suite is approx. 2,137 SF and has 2 bedrooms and 2 baths. The building is conveniently located near some of Charleston's best restaurants, shopping, art galleries, and parks. Originally two separate buildings, the property has been renovated and combined into one. The original building (located at 241 East Bay St) was constructed in 1871, and underwent a historic rehabilitation in 1986, at which point the contemporary addition to the north (located at 243 East Bay Street) was constructed and joined to the original edifice by a stucco and glass hyphen. The entire building underwent a second significant historical renovation by the current owner from 2015 - 2021, which included new mechanical systems, a comprehensive security system, new or newly refurbished windows, new interior noise-dampening thermal storm windows, and repairs to the standing seam metal roof and exterior stucco. Interior renovations began in 2016 with the upper floors and were finalized in 2019 and 2021 with the completion of the two first floor suites. Since completion of the renovations, both the exterior and interior of the building have been meticulously maintained.
$ 6,500,000
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$ 6,450,000
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
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$ 6,000,000
176-178 Broad includes 3 buildings that harmoniously blend historic charm with modern luxury. This exceptional property encompasses 9 units, (4) 1 bed/1 bath units, (4) 2 bed/2 bath units, & (1) 2 bed/1 bath unit totaling 14 bedrooms & 13 bathrooms. These units have been meticulously updated to provide modern comforts while preserving the historic elements that make Charleston properties so desirable. Residents will appreciate features such as exposed wood beams, decorative fireplaces, stunning wood floors, piazzas, & spiral staircases. Additionally, 9 off-street parking spaces are available & this property has the potential for a condo conversion. Perfectly situated close to Colonial Lake, this is an extraordinary blend of history, luxury, & prime location, making it an ideal investment.
$ 6,000,000
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$ 5,995,000
Welcome to Charleston's premier investment opportunity in the heart of downtown! This property offers luxurious urban living with 6 stunning townhouse style units, each boasting 4 bedrooms, 4.5 bathrooms, a garage and rooftop deck. Built before the implementation of height restrictions in the area, these residences stand tall, providing unparalleled panoramic views of the historic city skyline from their rooftop decks. The convenience of drive-under one-car garages, ensures ample parking for residents and guests. As you step inside, you are greeted by modern upgrades and exquisite finishes throughout. The charm of wood floors adds warmth and character to the living spaces, enhancing the overall ambiance of the interiors. Designed for contemporary living, these units offerspacious layouts, ideal for both relaxation and entertainment. The rooftop decks present an idyllic setting for enjoying Charleston's picturesque sunsets or hosting memorable gatherings with friends and family. Situated in a highly sought-after location, this property epitomizes convenience with its proximity to an array of bars, restaurants, and shops. Experience the vibrant energy of downtown Charleston right at your doorstep, with everything you need just a leisurely stroll away. For savvy investors, this presents an exceptional opportunity to capitalize on the demand for urban living in Charleston. With the potential to convert these units into condominiums and sell them individually, the possibilities for maximizing returns are endless. Don't miss out on this rare chance to own a piece of Charleston's downtown charm while seizing a lucrative investment opportunity. Schedule your private viewing today and envision the limitless potential that awaits within these remarkable residences. In 2022, the rooftop decks and boards were redone and all new TPO roofs installed. Unit breakdown (all units have 4 beds, 4.5 baths): Unit A: 1,859 SF, Unit B: 2,018 SF, Unit C: 2,195 SF, Unit D: 2,195 SF, Unit E: 1,955 SF, Unit F: 1,955 SF. There are 13 total off street parking spaces, including garages.
$ 5,995,000
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$ 5,900,000
Rare commercial-zoned property in Charleston's Accommodation Overlay District, The Charleston Compound offers a prime opportunity to create a boutique hotel with a pool, restaurant, outdoor dining, event space, and a private courtyard, just two blocks from King Street. This unique L-shaped estate includes 11 bedrooms, 8.5 baths, and 14 private parking spaces across four separate units, along with a valid 15x30 pool permit for the entire property.With legacy ''Hotels and Motels'' zoning--confirmed by the City--this property benefits from a highly flexible, transferrable business license. The property does not require STR permits or a Bed and Breakfast license and offers the potential to add more guest rooms, favorable parking requirements, and generous signage allowances.The transferrable pool permit is already in place, and future commercial development of the parking lot would be easier due to the zoning.
Currently, the property operates as a successful vacation rental and event space with expansive common areas and a dedicated laundry room. It is perfect for use as a boutique hotel or could be utilized as a short-term rental, Bed and Breakfast, or private estate. Additionally, a potential site plan is available for a Palm Beach-style courtyard with gated driveways, further enhancing privacy and development options. Buyer responsible for permits. Don't miss this rare opportunity to develop a boutique hotel with resort-style amenities in one of Charleston's most sought-after locations!
$ 5,900,000
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$ 5,500,000
Imagine owning a piece of Charleston history, a rare opportunity to purchase the historic McCauley Davis Building. Sitting amid a Broad St renaissance, this architectural marvel has been affectionately restored into a mixed-use of luxury private residences and commercial retail space. Sitting at street level on Broad, Unit A is a sophisticated retail space with open floor plan. Above, Unit C stands as a testament to luxury, a 3-story residence featuring 3 bedrooms and 3.5 baths with rooftop deck, while behind sits Unit B, a stunning 2 bedroom/2.5 bath residence. The attention to detail is nothing short of exquisite, from the hand-milled carpentry to the exposed brick and craftsmanship of the kitchens, every detail throughout has been immaculately considered.Unit B is a fully furnished 1,500 sqft of luxury living. Character exudes throughout with all the classic Charleston features: exposed brick and wood beams, heart pine floors, custom kitchen, copper lanterns, master bed balcony, and private outdoor terrace with fountain and garden. Turn this masterpiece into your primary residence, lock-n-leave, high-end rental, or combine with unit C and transform into a grand 5 bed/7 bath masterpiece. Unit C you'll be greeted by 2,500 sqft open floor plan that includes a stylish living room with terrace and custom kitchen with windows overlooking Broad St. Gas fireplaces in both rooms provide the perfect ambiance for hosting! Two spacious bedrooms on the 3rd floor of Unit C each have their own private bathrooms, including outdoor space with a private terrace. The entirety of the 4th floor is occupied by the master bedroom and bath. This exquisite master suite boasts a wine refrigerator, a bar for mixing drinks, and stairwell access to a massive rooftop deck, providing 360-degree views of the Charleston skyline. The master bathroom is the epitome of sophistication, surpassing conventional standards. This unit also comes fully furnished. The property is nestled just a few steps away from the city's top-tier restaurants, art galleries, and high-end shopping district on King Street. 29 Broad Street presents a lifestyle of unparalleled luxury and convenience. Whether you're seeking the perfect property, an elite location in Charleston, or a sophisticated turnkey income-generating investment, 29 Broad Street is sure to exceed all expectations.
$ 5,500,000
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$ 4,390,000
Fully Renovated Oceanfront Property now available and priced to sell! Reimagined and rebranded in 2022/2023, this stunning oceanfront property spans 0.43 acres on a high-visibility corner lot with seamless beach access. Boasting 41 modern units, including efficiency and double rooms, it offers stylish accommodations designed to attract guests year-round. Key features include a sleek modern design, a large pool, beachfront access, and a welcoming reception and lobby area, creating a unique and memorable guest experience. An on-site commercial laundry facility adds convenience and operational efficiency. Many aspects of the property have been upgraded within the last 2-3 years, including the roof, electrical, plumbing, interiors, furniture, fixtures, bathrooms, kitchens, and exterior. Fully operational and income-producing, this is a rare turnkey investment opportunity in a coveted coastal location.
$ 4,390,000
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$ 4,299,000
Unbeatable Location, Endless Potential: Just steps from the ocean and a short stroll to the iconic Sky Wheel, this prime .42-acre corner property is a rare gem. Boasting over 20,000 sq. ft. of fully renovated space in 2022, many details have been upgraded—new roof, plumbing, electrical, HVAC, flooring, appliances, and more. Featuring 32 fully operational units, including efficiencies, double rooms, and one-bedroom suites, the property is perfectly situated within walking distance of The Boardwalk and close to Broadway at the Beach, waterparks, shopping, dining, and entertainment hotspots. Includes a 3,000 sq. ft. commercial/retail space with income potential through leasing. Financials are available upon request. Don’t miss this opportunity to own a turnkey building in a high-demand location!
$ 4,299,000
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$ 3,950,000
Circa 1764. The Jonathan Badger House. Built by Charleston cabinet maker Badger, this fine Pre-Revolutionary structure is considered to be one of the best examples of exposed Flemish and English bond brick construction from the Georgian period within the old walled city. In its original form, with the main residence now combined with the kitchen house to offer modern comforts with 18th-century architecture. 3,200 sqft, 4 bedrooms, 4.5 bathrooms, generous off-street parking, charming walled garden, high elevation.
$ 3,950,000
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$ 3,850,000
Nestled on Charleston's iconic French Quarter on the corner of the gorgeous cobblestone Chalmers and Church Street, this stunning triplex offers a rare investment opportunity in one of the city's most desirable locations. This remarkable circa 1801 property comprises two charming residential dwellings at 19 and 21 Chalmers Street, IN ADDITION TO a thriving commercial space currently occupied by the esteemed Hagan's Fine Art Gallery & Studio. Yes, 3 units total!The property retains its historic charm with original wood floors throughout, vintage fireplaces, and breathtaking views that capture the allure of downtown Charleston. The two residential units offer a blend of vintage charm and modern convenience, perfect for discerning tenants who appreciate the character of an era gone by. Beyond the walls, two dedicated parking spaces ensure convenience in this sought-after area, while the cobblestone road adds a timeless elegance to the property's exterior. This triplex stands as an unparalleled investment, with the potential for both commercial and residential income streams. This property has been renovated and is meticulously maintained with newer HVACs, recoated roof, and more. Here's the chance to own a piece of Charleston's history where elegance, history, and prime location converge. All furniture conveys with exception to all furniture, artwork, and fixtures in the gallery. Not in a flood zone.
$ 3,850,000
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DetailsBuying 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.
