4115 Liberty Hwy Anderson, SC 29621
Estimated payment $43,417/month
Highlights
- Very Popular Property
- 3.9 Acre Lot
- Cooling Available
- North Pointe Elementary School Rated A
- Community Pool
- Central Heating
About This Home
North Gate Apartments represents a rare opportunity to acquire a stabilized, well-maintained multifamily community in the rapidly growing Upstate South Carolina market. Built in 1981 and family-owned for decades, this 52-unit property offers investors consistent occupancy, strong tenant demand, and value-add potential through modest renovations and operational improvements.
Property Summary
Units: 52 two-bedroom, one-bathroom apartments (~1,000 sq. ft. each)
Total NRA: ~52,000 sq. ft.
Buildings: Garden-style layout with pool and common areas
Construction: Brick veneer with pitched roofs
Years Built: 1979-1981
Rent Roll & Operations
Current Rents: $990–$1,255 per unit, depending on floor level
Lease Term: Standard 12-month leases
Occupancy: Historically strong with low turnover due to desirable location and management practices
Income Requirement: Tenants must earn 3x rent with background, credit, and rental history screening—supporting strong tenant quality and reducing delinquency
Amenities & Features
Community: Swimming pool, courtyard, picnic & grilling areas, ample parking
In-Unit: Washer/dryer hookups, fully equipped kitchens, walk-in closets, cable & internet ready
Utilities: Trash pickup included, tenants responsible for other utilities
Location Advantages
North Gate Apartments sits just off Liberty Highway with immediate access to I-85, connecting Anderson to Greenville, Clemson, and Atlanta. The property is minutes from Anderson’s main retail corridors, grocery stores, dining, and medical services.
Employment Drivers: Anderson University, AnMed Health Medical Center, Michelin, Bosch, and Electrolux all provide strong regional employment bases.
Education: Zoned to desirable Anderson District 5 schools (North Pointe Elementary, McCants Middle, T.L. Hanna High).
Higher Education: Anderson University (5 miles), Tri-County Tech (9 miles), Clemson University (14 miles).
Market Strength
Anderson is part of the Greenville-Spartanburg-Anderson CSA, one of the fastest-growing regions in the Southeast. Multifamily fundamentals remain robust with continued in-migration, limited new supply in Anderson proper, and strong rent growth relative to household income. North Gate is positioned as a quality, affordable option within a market where new construction often prices above $1,400+ for similar two-bedroom units.
Investment Highlights
Stabilized Asset: 52-unit property with consistent occupancy and cash flow.
Affordable Rents: Below-market rents with immediate room for incremental increases.
Value-Add Potential: Light renovations (interior updates, amenity upgrades, RUBS program) could enhance NOI.
Strong Location: Minutes from I-85, retail, employment, and schools.
Institutional Fundamentals: Solid construction, proven tenant demand, long-term ownership history.
Conclusion
North Gate Apartments offers investors a well-located, cash-flowing multifamily property in the heart of Anderson, SC. With below-market rents, stable operations, and clear value-add levers, this asset is well positioned to deliver both steady income and long-term appreciation in one of the Southeast’s most dynamic growth corridors.
Listing Agent
Western Upstate Keller William Brokerage Phone: (864) 940-0575 License #129564 Listed on: 08/29/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $51,145
Year Built
- Built in 1979
Home Design
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 1,000 Sq Ft Home
- 2-Story Property
Kitchen
- Dishwasher
- Disposal
Location
- Outside City Limits
Schools
- North Pointe Elementary School
- Mccants Middle School
- Tl Hanna High School
Utilities
- Cooling Available
- Central Heating
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 121-03-01-001
Community Details
Overview
- 52 Units
Recreation
- Community Pool
Pet Policy
- Pet Restriction
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $51,145 | $303,130 | $28,630 | $274,500 |
| 2023 | $51,145 | $303,130 | $28,630 | $274,500 |
| 2022 | $49,758 | $303,130 | $28,630 | $274,500 |
| 2021 | $45,437 | $134,080 | $20,660 | $113,420 |
| 2020 | $44,655 | $134,080 | $20,660 | $113,420 |
| 2019 | $44,655 | $134,080 | $20,660 | $113,420 |
| 2018 | $44,093 | $134,080 | $20,660 | $113,420 |
| 2017 | -- | $134,080 | $20,660 | $113,420 |
| 2016 | $41,040 | $126,800 | $18,780 | $108,020 |
| 2015 | $41,305 | $126,800 | $18,780 | $108,020 |
| 2014 | $40,502 | $126,800 | $18,780 | $108,020 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $7,200,000 | 0.0% | $7,200 / Sq Ft |
| 01/22/2025 01/22/25 | Price Changed | $990 | -10.0% | $1 / Sq Ft |
| 11/12/2024 11/12/24 | Price Changed | $1,100 | +11.1% | $1 / Sq Ft |
| 10/17/2024 10/17/24 | Price Changed | $990 | +16.5% | $1 / Sq Ft |
| 09/25/2024 09/25/24 | Price Changed | $850 | -22.7% | $1 / Sq Ft |
| 09/21/2024 09/21/24 | Price Changed | $1,100 | +11.1% | $1 / Sq Ft |
| 10/15/2023 10/15/23 | Price Changed | $990 | +16.5% | $1 / Sq Ft |
| 09/16/2023 09/16/23 | Price Changed | $850 | -14.1% | $1 / Sq Ft |
| 08/08/2023 08/08/23 | For Rent | $990 | 0.0% | -- |
| 06/26/2023 06/26/23 | Price Changed | $990 | +4.2% | $1 / Sq Ft |
| 06/22/2023 06/22/23 | Price Changed | $950 | -4.0% | $1 / Sq Ft |
| 06/22/2023 06/22/23 | For Rent | $990 | 0.0% | -- |
| 03/04/2023 03/04/23 | Price Changed | $990 | +11.2% | $1 / Sq Ft |
| 03/01/2023 03/01/23 | Price Changed | $890 | -10.1% | $1 / Sq Ft |
| 08/31/2022 08/31/22 | Price Changed | $990 | -10.0% | $1 / Sq Ft |
| 08/29/2022 08/29/22 | Price Changed | $1,100 | +15.8% | $1 / Sq Ft |
| 08/26/2022 08/26/22 | Price Changed | $950 | -13.6% | $1 / Sq Ft |
| 08/12/2022 08/12/22 | For Rent | $1,100 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $382,000 | Credit Line Revolving | |
| Closed | $75,000 | Credit Line Revolving | |
| Closed | $300,000 | Credit Line Revolving | |
| Closed | $200,000 | Commercial |
Source: Western Upstate Multiple Listing Service
MLS Number: 20291973
APN: 121-03-01-001
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The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc
This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.
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