Three-Property Rental
510 Sycamore St. Conway, SC 29526
510 Sycamore St., Conway, SC, 29526
$750,000
For Sale
$750,000
MULTI_FAMILY - Conway, SC
Property Size3,927 SF
Price / SF$190.99
Days on Market37
Property Features for 510 Sycamore St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,927 SF
Building Details
- Year built
- 1946
- Number of units
- 3
Listing agency
Anchor Realty
(843) 365-5272
Listed by
Jay McDowell · License #98372
(843) 798-1639
Added: Jun 15 Updated: Jun 16 at 2:46PM Checked: Jul 21 at 10:06AM
MLS# 2615335
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale package includes three income-producing rental properties offered together. All three properties are currently occupied, supporting an income stream tied to the existing tenants. The portfolio is designed for an owner looking to add multiple residential income assets in a single transaction rather than acquiring separate buildings.
The properties are located in the heart of downtown Conway, South Carolina. The listing notes convenient proximity to shopping, restaurants, entertainment, and everyday necessities, along with accessibility that tenants typically look for in a central setting.
For investors and buyers building or expanding a rental portfolio, the key practical advantage here is the ability to acquire three occupied residences as a group. This structure can appeal to those seeking manageable scale within a single offering while maintaining the continuity that comes with existing occupancy. Buyers who want residential income exposure in a downtown Conway location may find this multi-property package aligns well with their acquisition strategy.
The properties are located in the heart of downtown Conway, South Carolina. The listing notes convenient proximity to shopping, restaurants, entertainment, and everyday necessities, along with accessibility that tenants typically look for in a central setting.
For investors and buyers building or expanding a rental portfolio, the key practical advantage here is the ability to acquire three occupied residences as a group. This structure can appeal to those seeking manageable scale within a single offering while maintaining the continuity that comes with existing occupancy. Buyers who want residential income exposure in a downtown Conway location may find this multi-property package aligns well with their acquisition strategy.
Key Highlights
- Package includes three income‑producing rental properties in downtown Conway
- All three properties are currently occupied for immediate rental income
- Properties were built in 1946
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $17.52 |
| − Vacancy | −$2.9k | −$0.74 |
| EGI | $65.9k | $16.78 |
| − OpEx | −$29.7k | −$7.55 |
| NOI | $36.3k | $9.23 |
3,927 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$517.9K
$453.1K – $604.2K
NOI $36,251 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.3K
$870.9K – $1.16M
NOI $69,668 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Purchase a package of three currently occupied rental properties in downtown Conway, providing rental income from day one.
Where is this single family property located?
The property is located at 510 Sycamore St. Conway, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Package includes three income‑producing rental properties in downtown Conway; All three properties are currently occupied for immediate rental income; Properties were built in 1946
