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$520,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 501 Church St
General
- Price: $520,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4383404
- Updated: 5/18/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Other
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Other Rooms
- Laundry: Other - See Remarks
Parking
- Parking Features: On Street
Location
- County: Chesterfield
School Information
- Elementary School: Cheraw Primary
- Middle School: Long
- High School: Cheraw
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Central Air, Electric, Heat Pump
- Heating Type: Central, Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Full
- Square Feet: 6,292
- Year Built: 1950
Lot Features
- Street/Road Desc.: Concrete, Paved
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 272-001-005-012
- Lot Number: 347/1125
Listed by Lewis Realty
Get Pre-Approved Today
Schools
Schools serving 501 Church St
School District:Chesterfield County School District
| Name | Grades | Distance |
|---|---|---|
Cheraw Primary School 321 High Street, Cheraw, SC 29520 | PK-2 | 0.5 mi |
Cheraw Intermediate School 421 Chesterfield Highway, Cheraw, SC 29520 | 3-5 | 1.2 mi |
Long Middle School 1010 West Greene Street, Cheraw, SC 29520 | 6-8 | 1.1 mi |
Cheraw High School 649 Chesterfield Highway, Cheraw, SC 29520 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 Church St
Date
Details
Price
Change
Source
5/18/2026
Listed
$520,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 Church St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,777
14%
$11,010
15%
2024
$4,201
2%
$9,580
—
2023
$4,113
4%
$9,580
—
2022
$3,948
1%
$9,580
—
2021
$3,919
-2%
$9,580
—
2020
$3,988
100%
$9,580
—
2019
-100%
$9,580
—
2015
$3,631
—
$9,580
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 Church St
501 Church Street, Cheraw, SC 29520 (MLS# 4383404) is a Single Family property with 0 bedrooms and 4 full bathrooms. 501 Church Street is currently listed for $520,000 and was received on May 18, 2026. Want to learn more about 501 Church Street? Do you have questions about finding other Single Family real estate for sale in Cheraw? You can browse all Cheraw real estate or contact a Coldwell Banker agent to request more information.

