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.
Property Details
- Cooling
- Central Air, Electric, Heat Pump
- Heating
- Central, Electric, Heat Pump
- Cooling Features
- Central Air, Electric, Heat Pump
- Bathrooms
- 4.0
- Full Baths
- 4
- Acres
- 0.0
- Square Feet
- 6292.0
- Lot Size (sqft)
- 0.17
- Parking Features
- On Street
- Property Type
- Multi-Family
- Year Built
- 1950
- Foundation
- Crawl Space
- Sewer Information
- Public Sewer
- Utility Source
- City
- Appliances
- Other
- Elementary School
- Cheraw Primary
- Middle School
- Long
- High School
- Cheraw
- County
- Chesterfield
- Region
- Cheraw
- Original List Price
- $520,000
- Days on Market (Cumulative)
- 118
- Pets
- 1
- MLS #
- 4383404
- Property Subtype
- Apartment
- Parcel Number
- 272-001-005-012
- MLS #
- 4383404
- Date Listed
- May 18, 2026
- Address
- 501 Church Street
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-05-19T00:20:06Z. 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. Some IDX listings have been excluded from this website.
Provided By
Listed by Mary Anderson (#CARR28505)
Listing Office: Lewis Realty (#CARR04029)
