$520,000
 $2,791 est/mo Sourced by Back At You

501 Church Street,Cheraw, SC 29520

Cheraw, SC 29520

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Description

Excellent investment opportunity in the Historic District of Cheraw featuring eight potential rental units, with seven currently available for rental use. This multi-unit property offers a strongincome-producing opportunity with a combination of updated units, recent renovations, and future value-add potential. Several units have received improvements in recent years including updated HVAC split systems, flooring, cabinetry, windows, appliances, plumbing updates, and roof replacements. One unit has been stripped to the studs and presents an excellent opportunity for renovation or possible conversion into a shared laundry facility for tenants. Current rental income is already in place on select occupied units, while vacant units provide immediate opportunity for increased cash flow and tenant placement. The property includes a mix of ground-floor andupper-level units, with varying layouts and features throughout. Located in the heart of Cheraw’s Historic District, this property is positioned in an area with continued demand for rental housing, making it an attractive option for investors seeking long-term growth and income potential. Shown by appointment only. Preapproval letter or proof of funds required prior to showing.

Details

MLS #4383404
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site94
Listing Provided ByLewis Realty | Mary Anderson

Features

Bath(s) 4 Total
SQ Feet6,292
Story(s)2
Units7
Acreage0.17

Interior

CoolingCentral Air, Electric, Heat Pump
HeatingCentral, Electric, Heat Pump
AppliancesOther

Exterior

Construction MaterialsBrick Full
Foundation DetailsCrawl Space

Parking

Garage Yes / NoNo
Parking FeaturesOn Street

Taxes

Property213000

Area Information

StateSC
CountyChesterfield
CityCheraw
Zip Code29520
AreaChesterfield
School DistrictCheraw
Elementary SchoolCheraw Primary
High SchoolCheraw
Listing VS Median (in 29520)
Price:
$520,000
low | high
Med:
$269,000
98.269230769231% of Average
sqft:
6,292
low | high
Med:
2,337
100% of Average
$ / sqft:
$83
low | high
Med:
$115
10.723149336757% of Average
On site:
94
low | high
Med:
160
58.75% of Average
Sourced by Back At You

Market Activity 29520

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 20, 2026 at 12:04:01 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateSC
CountyChesterfield
CityCheraw
Zip Code29520
AreaChesterfield
School DistrictCheraw
Elementary SchoolCheraw Primary
High SchoolCheraw
Listing VS Median (in 29520)
Price:
$520,000
low | high
Med:
$269,000
98.269230769231% of Average
sqft:
6,292
low | high
Med:
2,337
100% of Average
$ / sqft:
$83
low | high
Med:
$115
10.723149336757% of Average
On site:
94
low | high
Med:
160
58.75% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $390K - $650K
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
501 Church Street Property Photo 1
$520,000
501 Church Street
Cheraw, SC 29520
Listing Updated: July 9, 2026 at 4:40:24 PM PDT