2491 Russell Street, Orangeburg, SC 29115
Local realty services provided by:ERA Greater North Properties
2491 Russell Street,Orangeburg, SC 29115
$250,000
- 6 Beds
- - Baths
- 5,650 sq. ft.
- Multi-family
- Active
Listed by: louis muir
Office: gatehouse realty, llc.
MLS#:26023327
Source:MI_NGLRMLS
Price summary
- Price:$250,000
- Price per sq. ft.:$44.25
About this home
Attention Investors! Rare 8-Unit building near two Universities. Property is ideally positioned on the main entrance from I-26 into up and coming Orangeburg. Within walking distance to both South Carolina State University and Claflin University - a prime rental location. A fire occurred in May of this year in one of the upstairs units. Building is in need of repair and currently vacant and not habitable. The property is priced accordingly and sold ''As is''. Please do not enter any of the units or walk the stairs of the building. Previous to the fire the building was fully occupied with a gross rent of $74,640 and a wait list of tenants queued to rent. The 5,652-sqft building underwent a major interior/exterior renovation three years ago prior to the fire. The lot is spacious at 0.87 of anacre and located on the main road Russell Street leading into downtown Orangeburg. The complex includes seven 2-bedroom/1-bath units and one 1-bedroom /1-bath unit. There is also ample parking 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, and strong rental income potential, this property with some work would be a great addition to any investment portfolio....
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Home facts
- Year built:1974
- Subdivision & Development:Wilkinson Heights
- Listing ID #:26023327
- Updated:August 18, 2026 at 03:51 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:$250,000
- Price per sq. ft.:$44.25
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