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2491 Russell Street

Orangeburg, SC 29115
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Bed 6

Bed

Bath 0

Bath

SqFt5,650

Sqft

Acres0.87

Acre(Lot)

Attention Investors! Rare 8-Unit building near two Universities. Property is ideally positioned on the main entrance from I-26 into up and coming Orangeburg. Within walking distance to both South Carolina State University and Claflin University - a prime rental location. A fire occurred in May of this year in one of the upstairs units. Building is in need of repair and currently vacant and not habitable. The property is priced accordingly and sold ''As is''. Please do not enter any of the units or walk the stairs of the building. Previous to the fire the building was fully occupied with a gross rent of $74,640 and a wait list of tenants queued to rent. The 5,652-sqft building underwent a major interior/exterior renovation three years ago prior to the fire. The lot is spacious at 0.87 of an acre and located on the main road Russell Street leading into downtown Orangeburg. The complex includes seven 2-bedroom/1-bath units and one 1-bedroom /1-bath unit. There is also 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, and strong rental income potential, this property with some work would be a great addition to any investment portfolio.

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Detail Ic Property Details

Property Type : Residential Income

Price : $250,000

AD Id : 89635532

MLS Id : 26023327

Beds : 6

Lot Size : 0.87 Acre

Living Area Size : 5,650

Year Built : 1974

County : Orangeburg

Subdivision: Ocean Inn

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Map

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Feature Features

  • Roofing Information

    Architectural
  • Interior Features

    Ceiling Fan(s) Roof: Architectural
  • Heating & Cooling

    Heating: Wall Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1974 Construction Materials: Brick, Vinyl Siding
  • Exterior Features

    Foundation Details: Slab

  • Lot Information

    Lot Size Area: 0.87 Lot Size Units: Acres Lot Square Feet: 37,897 Lot Acres: 0.87 Stories: 2 Main Square Feet: 0.87

    Property Information

    Property Type: Residential Income Structure Type: More than 4 Subdivision: Wilkinson Heights

  • Parking Information

    Other

  • Elementary School: Whittaker Elementary School
    Junior High School: Robert E. Howard Middle
    Senior High School: Orangeburg-Wilkinson High School
  • Utility Information

    City of Orangeburg
  • Location Information

    Direction: From Charleston Merge Onto I-26w Toward Orangeburg. Take Exit 149, Orangeburg/cameron, Drive Approx. 3 Miles. Property Will Be On The Right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
126 Roquemore Drive, Orangeburg, SC, 29115 $189,000 4 2 1,536 1,536 SqFt
4078 Charleston Highway, Orangeburg, SC, 29115 $195,000 3 2 1,568 1,568 SqFt
2080 Five Chop Road, Orangeburg, SC, 29115 $375,000 5 2 4,531 4,531 SqFt
2419 Gramling Road, Orangeburg, SC, 29115 $65,000 3 2.0 1,797 1,797 SqFt
117 Weatherford Road, Orangeburg, SC, 29115 $90,000 2 1 900 900 SqFt
1290 Oaklane Drive, Orangeburg, SC, 29115 $200,000 3 2 1,402 1,402 SqFt
815 Northwood Drive, Orangeburg, SC, 29115 $289,000 3 2 1,903 1,903 SqFt
903 Northwood Drive, Orangeburg, SC, 29115 $219,000 3 2 1,150 1,150 SqFt
215 Woodberry Drive, Orangeburg, SC, 29115 $339,900 3 2 1,600 1,600 SqFt
1090 Rodney Road, Orangeburg, SC, 29115 $219,900 3 2 1,475 1,475 SqFt

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ByOwner last updated this listing 08/26/2026 @ 04:30

MLS: 26023327 LISTED BY: Louis Muir, Gatehouse Realty, LLC SOURCE: CHS Regional MLS

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