5 Woodland Dr, Anderson, SC 29621

Offered at $300,000 ($187,500/acre), this 2-acre RM-10 development site on Woodlands Drive in Anderson, SC is a rare multifamily development opportunity in a high-demand rental corridor adjacent to Anderson University.

The property supports a proposed max 20-unit multifamily layout, offering developers an efficient unit count with favorable density, manageable construction scale, and strong projected absorption. The site’s proximity (<1.2 miles) to Anderson University one of the fastest-growing private universities in the South (4,500+ students) drives consistent rental demand from students, faculty, staff, and university-related professionals.

Anderson University’s continued expansion, including its newly launched football program, has accelerated enrollment growth, campus investment, and off-campus housing demand. This creates a durable tenant base, and supports above-average occupancy and rent stability relative to the broader Anderson market.

Low basis relative to replacement cost
Scalable +/-20 -unit size suitable for private capital or local syndication
Strong rent drivers tied to university growth and limited nearby multifamily supply
Favorable zoning (RM-10) supporting density for entitlements without a rezoning application
Woodlands Drive offers a residential setting with immediate access to campus, downtown Anderson, and major employment and retail nodes, supporting long-term value appreciation and exit liquidity.

This offering is well-suited for investors seeking development yield, predictable lease-up, and institutional-quality fundamentals at a local-market entry point.