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116-Unit Apartment Community
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501 Camelot Dr, Spartanburg, SC 29301

Units are being renovated while residents have access to community amenities.

Property SizeContact for details
Days on Market141

Property Features for 501 Camelot Dr

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence wrap up the finishing touches

Additional Details

Highway Access Yes
Multifamily Units 116
Listing Agency: Aline Capital
Listed By: Jonathan Kessler · License #932079
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:20AM

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 Aline Capital

Investment Insights

Based on property information with market context.

Timber Creek Apartments is a 116-unit multifamily community serving family-oriented residents in Spartanburg, South Carolina. Ownership has implemented a unit renovation program, with additional work remaining. Leasing activity has supported occupancy during the renovation process, with units commonly committed before upgrades are complete. The property also offers community amenities for residents.

The community is located at 501 Camelot Dr and sits two miles from Interstate 26, providing a direct connection to regional travel routes. Downtown Spartanburg, retail destinations, restaurants, schools, and medical care are all identified as nearby area resources.

Ownership has completed capital improvements during the past two years, and the renovation program gives future ownership an opportunity to complete remaining work and establish its own property branding.

Key Highlights

  • 116‑unit family‑oriented apartment community
  • Unit renovation program is underway, with additional work remaining
  • Units are typically leased before renovation work is fully complete

Property Analytics

Current Use

Timber Creek Apartments Apartment Complex Upstate Property Rentals Property Management Company Tha Barbie Kollection Cosmetic Store

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

116
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

772
Businesses Nearby

Demographics for 29301, SC

34,531
Population
16,020
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
27.5 sq mi
ZIP Area
1,256
Density / Sq Mi
$56,606
Median Household Income
$37,761
Median Earnings
$1,126
Median Rent
$200,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Units are being renovated while residents have access to community amenities.
Where is this apartment building located?
The property is located at 501 Camelot Dr Spartanburg, SC.
What are key features of this property?
This property features: 116‑unit family‑oriented apartment community; Unit renovation program is underway, with additional work remaining; Units are typically leased before renovation work is fully complete
(864) 234-3212 Call to check price and availability
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