52 Unit Apartment Complex in Anderson SC for Sale by Locke & Key Associates - North Gate Apartments

At Locke and Key Associates at Keller Williams, we’re excited to present a rare opportunity for commercial investors: North Gate Apartments in Anderson, South Carolina. This 52-unit garden-style community has been family-owned and carefully maintained for decades, offering both stability and upside in one of the Southeast’s most dynamic growth markets.

Why North Gate Stands Out

Built between 1979 and 1981, North Gate Apartments features 52 spacious two-bedroom, one-bath units, each 1,000 square feet. The property totals roughly 52,000 square feet of rentable area, designed in a timeless, low-maintenance layout.

With rental rates ranging between $990 and $1,250, the community is positioned as an affordable option in a market where new construction often commands much higher rents. Occupancy has historically been strong, supported by quality tenant screening standards requiring income verification, credit checks, and rental history reviews.

A Property Built for Consistent Returns

Investors will appreciate North Gate’s combination of steady income and future upside. Current ownership has kept the property well maintained, while still leaving room for value-add improvements such as:

• Interior upgrades (appliance packages, flooring, and finishes)

• Amenity enhancements to elevate resident experience

• Utility billing (RUBS program) to increase NOI

• Modest rent adjustments that remain well within market affordability

The result? A stabilized, cash-flowing asset with the potential for even stronger returns.

Desirable Location in the Upstate

Location is everything in real estate—and North Gate delivers. Situated at 4115 Liberty Highway, the community offers quick access to Interstate 85, connecting Anderson to Greenville, Clemson, Charlotte, and Atlanta.

Residents enjoy close proximity to shopping centers, grocery stores, medical services, and top-rated schools in Anderson School District 5. Major employers such as Michelin, Bosch, Electrolux, AnMed Health, and Anderson University help create a stable renter base. For students and faculty, Anderson University, Tri-County Technical College, and Clemson University are all within a short commute. This prime location ensures long-term demand, strong tenant retention, and a robust foundation for future rent growth.

Market Momentum

The Upstate of South Carolina continues to rank as one of the Southeast’s fastest-growing regions. Anderson benefits directly from Greenville’s economic boom while offering lower costs of living and fewer barriers to entry.

With population growth, limited new multifamily supply in Anderson, and rising housing demand, North Gate is well positioned as a competitive, affordable housing option that will continue to attract tenants for years to come.

Key Highlights for Investors

• 52 units, two-bedroom, one-bath each (1,000 sq. ft.)

• Consistent occupancy with long-term tenant stability

• Rents below market, leaving room for upward adjustments

• Strong community amenities: pool, courtyard, ample parking

• Solid construction and proven operational history

• Strategic location near I-85, schools, retail, and employers

GALLERY

Offered by Locke and Key Associates

As your trusted partner in both residential and commercial real estate, Locke and Key Associates at Keller Williams and Realtor David Locke is proud to present North Gate Apartments as an exclusive investment opportunity.

This property represents the best of both worlds: stable in-place cash flow and clear value-add potential. Whether you’re a seasoned multifamily investor or seeking to diversify your portfolio into the Southeast’s growth markets, North Gate offers the fundamentals you’re looking for.

📞 To learn more about this listing or schedule a confidential discussion, contact David Locke, Realtor® with Locke and Key Associates at Keller Williams today at 864-940-0575.

#CommercialRealEstate #MultifamilyInvestment #AndersonSC #SouthCarolinaRealEstate #InvestmentOpportunity #LockeAndKeyAssociates #KWCommercial #ApartmentInvesting #CREInvesting #PassiveIncome #RealEstatePortfolio #ValueAddInvestment #MultifamilyAssets #RealEstateGrowth #UpstateSC #InvestorOpportunity #CashFlowProperty #SouthEastInvesting #AndersonApartments #RealEstateWealth