2491 Russell Street, Orangeburg, SC 29115
Local realty services provided by:ERA Greater North Properties
2491 Russell Street,Orangeburg, SC 29115
$629,000
- 6 Beds
- - Baths
- 5,650 sq. ft.
- Multi-family
- Active
Listed by: louis muir
Office: gatehouse realty, llc.
MLS#:26002541
Source:MI_NGLRMLS
Price summary
- Price:$629,000
- Price per sq. ft.:$111.33
About this home
Attention Investors! Rare Turnkey 8-Unit Cash-Flowing property near two Universities. Opportunities like this are hard to find. Property is ideally positioned on the main entrance from I-26 into up and coming Orangeburg, and within walking distance to both South Carolina State University and Claflin University - a prime rental location. Offered at just $78,625 per unit, this fully occupied 8-unit complex generates an impressive $74,640 in GROSS ANNUAL RENT. The 5,652-sqft building underwent a major interior/exterior renovation just three years ago and is in high demand among tenants. In addition, the spacious 0.87-acre lot offers additional land with potential for another building. The complex includes seven 2-bedroom/1-bath units and one 1-bedroom /1-bath unit. Tenants also enjoy ampleparking plus a covered carport. This property also positions itself in the path of progress. Orangeburg is undergoing some major transformations, with substantial funding directed toward community and infrastructure improvements. Recent and ongoing projects include a brand-new City Hall and Library/Conference Center on Russell Street, the newly completed, state of the art Orangeburg Wilkinson High School, and new county courthouse scheduled to break ground this year. These developments are helping drive economic activity, employment, and long-term area stability all positive indicators for real estate investors. Adding to the upside, South Carolina State University has experienced a 33% increase in enrollment over the past five years, creating a notable housing shortage. This surge presents a strategic opportunity for investors to operate the property as dedicated student housing, where demand continues to outpace supply. With its high-visibility location next to universities, strong rental income, and future development potential, this property is an outstanding addition to any investment portfolio....
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Home facts
- Year built:1974
- Listing ID #:26002541
- Updated:May 09, 2026 at 03:08 PM
Rooms and interior
- Bedrooms:6
- Living area:5,650 sq. ft.
Structure and exterior
- Year built:1974
- Building area:5,650 sq. ft.
- Lot area:0.87 Acres
- Foundation Description:Slab
Schools
- High school:Orangeburg-Wilkinson High School
- Middle school:Robert E. Howard Middle
- Elementary school:Whittaker Elementary School
Finances and disclosures
- Price:$629,000
- Price per sq. ft.:$111.33
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