5 Woodland dr
Anderson, SC 29621
Tr 5 Woodland Drive · Land For Sale · 2.00 AC

Offered at $375,000 ($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.