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Apartment Building with Renovation Opportunity
For Sale
$520,000

501 Church St, Cheraw, SC 29520

Multifamily property with ground-floor and upper-level units, including updated spaces and one unfinished unit.

Property Size6,292 SF
Price / SF$82.64
Days on Market49

Property Features for 501 Church St

General Information

Standard status Active
Size 6,292 SF
Property subtype Residential Income
Listing Agency: Lewis Realty
Listed By: Mary Anderson · License #81328
Source: Exprealty
Added: Jul 2 Changed: Aug 17 Last Checked: Aug 18 at 1:56PM

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 Lewis Realty

Investment Insights

Based on property information with market context.

This multifamily property at 501 Church St in Cheraw, SC contains 6,292 square feet and is configured around eight potential rental units across ground-floor and upper-level spaces. Select units are occupied and producing rental income, while other units are vacant and available for placement.

Improvements completed in various units include HVAC split systems, flooring, cabinetry, windows, appliances, plumbing, and roof replacements. One unit has been stripped to the studs, leaving an unfinished area that may be renovated or adapted for shared tenant laundry use. The property is located within Cheraw’s Historic District.

Key Highlights

  • 8 potential rental units; 7 currently available for rental use
  • 6,292 SF multifamily property at 501 Church St, Cheraw, SC
  • Ground‑floor and upper‑level unit configuration

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Building Supply (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

339
Businesses Nearby

Demographics for 29520, SC

13,046
Population
6,554
Households
2
Avg Household Size
45
Median Age
16%
College-Educated
85%
High-School Grad
131.9 sq mi
ZIP Area
99
Density / Sq Mi
$41,786
Median Household Income
$35,153
Median Earnings
$805
Median Rent
$98,600
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 - Multifamily property with ground-floor and upper-level units, including updated spaces and one unfinished unit.
Where is this apartment building located?
The property is located at 501 Church St Cheraw, SC.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 8 potential rental units; 7 currently available for rental use; 6,292 SF multifamily property at 501 Church St, Cheraw, SC; Ground‑floor and upper‑level unit configuration
More about this property
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