Three-Property Rental
For Sale
$750,000
510 Sycamore St., Conway, SC 29526
MULTI_FAMILY - Conway, SC
Property Size3,927 SF
Price / SF$190.99
Days on Market49
Property Features for 510 Sycamore St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Inside City Limits
Elementary school
Waccamaw Elementary School
Middle school
Black Water Middle School
High school
Carolina Forest High School
Subdivision
21E Conway central--East edge of Conway / north & south of 501
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
Changed: Jun 16
Last Checked: Aug 2 at 2:06PM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 29526, SC
51,403
Population
20,301
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
294
Density / Sq Mi
$66,490
Median Household Income
$28,341
Median Earnings
$943
Median Rent
$232,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
