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Apartment at 902 Railroad Street, Anderson
Apartment at 902 Railroad Street, Anderson, photo 2 of 19
Apartment at 902 Railroad Street, Anderson, photo 3 of 19
Apartment at 902 Railroad Street, Anderson, photo 4 of 19
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19 photos

$700,000

Bedrooms
18
Bathrooms
9
Living area
N/A
Year built
1995
902 Railroad Street
Anderson, SC 29621
Listed by Magnolia Rental Property Mgmt

Highlights

Property type
Apartment
Lot size
0.81 acres
On market
24 days

About this home

Investment Opportunity in the Heart of Anderson! This fully occupied 9-unit apartment complex offers an excellent opportunity to add an income-producing property to your investment portfolio. The property consists of two duplexes and a 5-plex with 100% occupancy and over $7,000 in monthly rental income. Each unit features 2 bedrooms and 1 full bath for a total of 18 bedrooms and 9 full baths! Each unit also has it's own private back deck. All units are Housing Authority approved, with some Housing Authority tenants currently in place. Conveniently located near Anderson University, this property is just minutes from downtown Anderson, local restaurants, shopping, entertainment, and everyday amenities. Anderson University's growing presence and the continued development of the surrounding area add to the appeal of this centrally located investment property. With established tenants, consistent rental income, and no current vacancies, this is an opportunity for investors seeking an occupied multifamily property in a desirable Anderson location. Property is 100% occupied; please do not disturb tenants. We will be scheduling tours and answering questions until official call for offers by 5pm Monday November 10, 2026. Interested buyers must review the video tour prior to scheduling an in-person walkthrough.

Property details

MLS
Greater Greenville MLS
MLS #
1606837
Property type
Apartment
Subdivision
N/A
Status
Active
Days on market
24
On market date
N/A
Stories
1
Total bathrooms
9
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.81 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Nevitt Forest Elementary
1.98 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: Good (2025)
Enrollment
503
Student:teacher ratio
14.8:1
District
Anderson 05
Middle
McCants Middle
1.91 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
584
Student:teacher ratio
13.3:1
District
Anderson 05
High
T. L. Hanna High
4.54 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,892
Student:teacher ratio
18.9:1
District
Anderson 05

Walkability

Blended score for Anderson's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

69
Walkable
out of 100
EPA National Walkability Index
11.0 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores4
Parks14
Schools13
Transit stops0
Pharmacies2

Market position

How this listing compares to current activity in Anderson, from live MLS data.

On the market 24 days -- 39 fewer days than Anderson's current average of 63 days.
For reference, the median list price across 494 active listings in Anderson right now is $327,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Adjust tax / insurance estimates
Est. monthly payment
$4,365/mo
$140,000 down
$560,000 loan
Principal & interest$3,632
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by Greater Greenville MLS. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.