2491 Russell Street, Orangeburg, SC 29115 (MLS# 26002541)


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2491 Russell Street, Orangeburg, SC 29115

New Listing
$629,000
Property Type: MultiFamily Square Footage: 5,650 Lot Size (sq. ft.): 37,897 Status: Active
Current Price: $629,000 List Date: 1/28/2026 Last Modified: 1/28/2026

Description

Attention Investors! Rare Turnkey 8-Unit Cash-Flowing property near two Universities. Opportunities like this are hard to find. Property is ideally positioned on the main entrance from I-26 into up and coming Orangeburg, and within walking distance to both South Carolina State University and Claflin University - a prime rental location. Offered at just $78,625 per unit, this fully occupied 8-unit complex generates an impressive $74,640 in GROSS ANNUAL RENT. The 5,652-sqft building underwent a major interior/exterior renovation just three years ago and is in high demand among tenants. In addition, the spacious 0.87-acre lot offers additional land for expansion of another building on the western portion of the property. The complex includes seven 2-bedroom/1-bath units and one 1-bedroom

Supplements: /1-bath unit. Tenants also enjoy ample parking plus a covered carport. This property also positions itself in the path of progress. Orangeburg is undergoing some major transformations, with substantial funding directed toward community and infrastructure improvements. Recent and ongoing projects include a brand-new City Hall and Library/Conference Center on Russell Street, the newly completed, state of the art Orangeburg Wilkinson High School, and new county courthouse scheduled to break ground this year. These developments are helping drive economic activity, employment, and long-term area stability  all positive indicators for real estate investors. Adding to the upside, South Carolina State University has experienced a 33% increase in enrollment over the past five years, creating a notable housing shortage. This surge presents a strategic opportunity for investors to operate the property as dedicated student housing, where demand continues to outpace supply. With its high-visibility location next to universities, strong rental income, and future development potential, this property is an outstanding addition to any investment portfolio.

More Information MLS# 26002541

Contract Info

Primary Structure List Price/SqFt: 111.33 MLS List Date: 2026-01-28 Status: Active List Price: $629,000 Current Price: $629,000

Location, Tax & Legal

Legal Description: 0182-09-03-003 Tax Map #: 01820903003 Street #: 2491 Street Name: Russell Street Suffix: Street County: Orangeburg State: SC Zip Code: 29115 Area: 83 - ORG - Orangeburg County Tax District: Unknown Subdivision: Wilkinson Heights Elementary School: Whittaker Elementary School Middle School: Robert E. Howard Middle High School: Orangeburg-Wilkinson High School Directions: From Charleston merge onto I-26W toward Orangeburg. Take Exit 149, Orangeburg/Cameron, drive approx. 3 miles. Property will be on the right.

General Property Info

# Stories: 2 Ground Level: Yes Occupancy: Leased Potential Short Sale: No Other Structures Y/N: No Number of Units: 8 Primary Structure Apx SqFt: 5650 Year Built: 1974 Acreage: 0.87

Income, Expenses & Fees

Gross Income: 74640

SqFt Source

List Agent: 1

Unit 1

Bedrooms: 2 Baths: 1

Unit 2

Bedrooms: 2 Baths: 1

Unit 3

Bedrooms: 2 Baths: 1

Unit 4

Baths: 1

Roof

Architectural: 1

Exterior

Brick - Solid: 1 Vinyl Siding: 1

Foundation

Slab: 1

Garage/Parking

Other (Use Remarks): 1

Driveway

Concrete: 1

Architectural Style

More than 4: 1

New Owned/Pre-owned

Pre-Owned: 1

Equipment/Appliances

Ceiling Fan: 1 Electric Range: 1 Microwave: 1 Refrigerator: 1

Cooling

Wall Unit(s): 1

Heat

Wall Unit(s): 1

Sale Includes

Building and Land: 1

Proposed Financing

Cash: 1 Conventional Loan: 1

Tenant Pays

Electric: 1 Water & Sewer: 1

Possession

At Closing: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Utility Suppliers

City of Orangeburg: 1

Property Features

SqFt Source: List Agent Roof: Architectural Exterior: Brick - Solid; Vinyl Siding Foundation: Slab Driveway: Concrete Architectural Style: More than 4 Cooling: Wall Unit(s) Heat: Wall Unit(s) Sale Includes: Building and Land Tenant Pays: Electric; Water & Sewer Proposed Financing: Cash; Conventional Loan Possession: At Closing Utility Suppliers: City of Orangeburg
Listing Office: Gatehouse Realty, LLC
IDX
Last Updated: January - 28 - 2026
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


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