501 Church Street, Cheraw, SC 29520
Chesterfield County
Key Facts
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 strong income-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 and upper-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 Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1950
Living Area
6,292 sq ft
Zoning
res
MLS® Listing#
4382511
Property Features
Appliances
Cooling
Heating
Laundry
Construction
Foundation
Sewer
Water Source
Schools
- Elementary:
- Cheraw Primary
- Middle:
- Long
- High:
- Cheraw
Financial Details
HOA
None
Assessed Value
$213,000
Parcel Number
272-001-005-012
Affordability Calculator
$104,000
Estimated monthly payment
$2,768/mo
Principal $416,000 · Est. interest $580,357 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cheraw, SC
- $240,000
- Median Listing Price
- 75
- Median Days on Market
- 1,906
- Median Sq Ft
- $129
- Median Price / Sq Ft
- 76
- Active Listings
- This home’s price is 117% above the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cheraw, SC.
Location
Points of Interest in Cheraw, SC
Showing the Cheraw area map.
Nearby Schools
St David's School
School · 0.2 mi away
Faith Christian Academy
School · 0.4 mi away
Cheraw Primary School
Elementary · 0.6 mi away
Robert Smalls Elementary School
Elementary · 0.7 mi away
Long Middle School
Secondary · 1.1 mi away
Cheraw Intermediate School
Elementary · 1.2 mi away
Cheraw High School
Secondary · 1.5 mi away
Wallace Elementary Middle
Elementary · 3.4 mi away
Charity Early Learning Center
School · 3.5 mi away
Jesus Is Lord Christian School
School · 4.8 mi away
Chesterfield Ruby Middle School
School · 10.1 mi away
Chesterfield County School Offices
School · 12.0 mi away
Bennettsville Intermediate School
Elementary · 12.0 mi away
Chesterfield High School
Secondary · 12.1 mi away
Bennettsville Primary School
Elementary · 12.2 mi away
Bennettsville Elementary School
Elementary · 12.6 mi away
Marlboro County School District
School · 12.7 mi away
Rosenwald Elementary School
Elementary · 13.2 mi away
Edwards Elementary School
Elementary · 13.5 mi away
Marlboro County High School
Secondary · 13.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 109 Mason Dr., Cheraw, SC | $375,000 | 3 | — | 2,392 |
| 109 Mason Dr, Cheraw, SC | $375,000 | 3 | — | 2,392 |
| 305 Virginia Ave, Cheraw, SC | $384,900 | 5 | — | 2,900 |
| 305 Virginia Avenue, Cheraw, SC | $384,900 | 5 | 4 | 2,900 |
| 2384 Hwy 52 South, Cheraw, SC | $389,000 | 3 | — | 2,115 |
| 225 Hawthorne Lane, Cheraw, SC | $399,000 | 4 | — | 3,010 |
Moving Cost Estimate
EXIT Agents in Cheraw
Listing Courtesy: Lewis Realty - mary-lewisrealty@att.net
Last Updated: 2026-07-02
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