MLS ID: 26023327
Under Contract - $149,900

About this property

Bedrooms 6
sq2 5650
Lot Size 0.8700 acres
Year Built 1974
DOM 45

Address

Address:
2491 Russell Street
Subdivision:
Wilkinson Heights
Zip Code:
29115
County:
Orangeburg
State:
SC

Features and Amenities

Roof
Architectural
Interior Features
Ceiling Fan(s)
Utilities
City of Orangeburg
Other
Wall Unit(s), Other

Description

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 spacious 0.87 Acre lot islocated 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.

Schools

Name Address Phone Type Grade
Brookdale Elementary 394 Brookdale Drive 8035345982 Public PK-5
Sheridan Elementary 1139 Hillsboro Road 8035351650 Public PK-5
Whittaker Elementary 790 Whittaker Parkway 8035336466 Public PK-5
Name Address Phone Type Grade
Mellichamp Elementary 350 Murray Road 8035348044 Public 3-5 SPED
Name Address Phone Type Grade
Robert E. Howard Middle 1255 Belleville Road 8035345470 Public 6-8 SPED
Name Address Phone Type Grade
William J. Clark Middle 919 Bennett Avenue 8035312200 Public 6-8
Name Address Phone Type Grade
Greater Faith Child Development Center 203 Dorchester Street 803-536-5258 Private K5
St. Andrews Methodist Kindergarten 1980 Columbia Road 803-536-3193 Private K5
Name Address Phone Type Grade
Wesley Christian School 2456 Broughton Street 803-536-6167 Private 4K-12th
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Price Change history

  1. $250,000 $44/SqFt

  2. $225,000 $40/SqFt

  3. $199,900 $35/SqFt

  4. $149,900 $27/SqFt

Mortgage Calculator

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Interest Rate as of: Thu, Oct. 01, 2026
$149,900Home Price
$149,900Monthly payment
$149,900Amount Financed
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Map

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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The information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS boards of the SC Realtors.

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2491 Russell Street, Orangeburg, SC, 29115