58-Bed Student Housing
For Sale
Contact for pricing
2350 Chestnut St, Orangeburg, SC 29115
Single-tenant master lease supports a full-service student housing operation with furnished bedrooms and included building services.
Property Size27,140 SF
Price / SF$154.75
Days on Market168
Property Features for 2350 Chestnut St
General Information
Standard status
Active
Size
27,140 SF
Property subtype
Hospitality, Multifamily
Zoning
B-1
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$347,994
Additional Details
Multifamily Units
58
Building Details
Year Built
1995
Buildings
2
Stories
2
Units
54
Tenancy
Single
Listing Agency:
Keller Williams Innovate South
Listed By:
Jeff Forman · License #111037
(843) 443-9400
Source:
Crexi
Added: Mar 19
Changed: Aug 31
Last Checked: Aug 31 at 6:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Innovate South
Investment Insights
Based on property information with market context.
Built in 1995, this apartment building contains 58 beds in a former hotel configuration adapted for student housing. The property includes private room arrangements, in-unit and shared amenities, parking, HVAC, plumbing, electrical service, internet, cable, janitorial service, and basic bedroom furnishings. The landlord provides these services within the base lease structure, while the tenant manages day-to-day operations.
The entire facility is leased to one student housing operator under a master commercial lease that began August 1, 2025, and runs through July 31, 2030, with a one-year extension option. Contractual rent increases of 2.5% occur in Year 2 and Year 4. The lease covers all 58 beds and includes no free-rent period, tenant improvement allowance, or security deposit obligation. Zoning is B-1.
The property is located approximately three miles from South Carolina State University and is also near Claflin University and Orangeburg-Calhoun Technical College. These institutions form the local student housing demand base.
The entire facility is leased to one student housing operator under a master commercial lease that began August 1, 2025, and runs through July 31, 2030, with a one-year extension option. Contractual rent increases of 2.5% occur in Year 2 and Year 4. The lease covers all 58 beds and includes no free-rent period, tenant improvement allowance, or security deposit obligation. Zoning is B-1.
The property is located approximately three miles from South Carolina State University and is also near Claflin University and Orangeburg-Calhoun Technical College. These institutions form the local student housing demand base.
Key Highlights
- 58 beds under a single master commercial lease
- Lease term runs from August 1, 2025, through July 31, 2030, with a one‑year extension option
- 2.5% rent increases scheduled in Year 2 and Year 4
Property Analytics
Current Use
Lease Details
58
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Single-tenant master lease supports a full-service student housing operation with furnished bedrooms and included building services.
Where is this apartment building located?
The property is located at 2350 Chestnut St Orangeburg, SC.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 58 beds under a single master commercial lease; Lease term runs from August 1, 2025, through July 31, 2030, with a one‑year extension option; 2.5% rent increases scheduled in Year 2 and Year 4
