122 Thompson St, Walterboro: Brand-New 4-Bed Home, Tenant-Ready Investment, No HOA | $295,000

by The Family Real Estate Group

Brand-new 4-bedroom ranch-style home at 122 Thompson St Walterboro SC

Imagine collecting $2,200 in monthly rental income from a property that literally requires zero maintenance—because it was just built this year—all while owning a piece of one of South Carolina's fastest-growing Low-Country markets without the burden of monthly HOA fees.

Welcome to 122 Thompson St in Walterboro, where brand-new 2025 construction meets turn-key investment opportunity. This isn't your typical "fixer-upper" or aging rental property. This is a 4-bedroom, 2-bath ranch-style home with a tenant already in place, modern finishes throughout, and 1,300 square feet of low-maintenance living space positioned perfectly in the heart of Walterboro—just one hour from Charleston and strategically located near I-95.

Whether you're a first-time buyer looking for move-in-ready simplicity, an investor seeking immediate cash flow, or a portfolio builder hunting for a stress-free addition to your holdings, 122 Thompson St checks every box.

Feature	Details
Bedrooms	4
Bathrooms	2 full
Square Footage	1,300 sq ft
Price	$295,000 ($227/sq ft)
Year Built	2025
Lot Size	0.18 acres (7,841 sq ft)
Style	Ranch
HOA	NO HOA
Special Status	Tenant-Occupied

Schedule a showing at 122 Thompson St →

What Makes 122 Thompson St Special

Key Features:

✓ Brand-New 2025 Construction – Zero deferred maintenance, everything under warranty

✓ Tenant-Ready Investment – Currently rented at $2,200/month with lease in place

✓ NO HOA Fees – Save $200-$400/month compared to similar properties

✓ Modern Ranch Design – Single-level living, ideal for families and accessibility

✓ Heart of Walterboro – Central location near downtown, shopping, schools, and I-95 access

This property answers the most common frustration of today's market: you don't have to choose between affordability and quality. At $227 per square foot with 2025 construction standards, you're getting energy-efficient systems, modern layouts, and that new-home smell—without the new-home premium pricing you'd find closer to Charleston.

Updated kitchen in 2025 new construction home Walterboro South Carolina

Want a full property breakdown? Download our listing sheet →

The Walterboro Advantage: Affordable Low-Country Living with Charleston Access

Map showing 122 Thompson St location in Walterboro near I-95 and Charleston

Walterboro has quietly positioned itself as one of the smartest real estate plays in the Charleston metro area. While everyone else battles bidding wars in Mount Pleasant and Summerville, savvy buyers and investors are discovering what locals have known for decades: Walterboro delivers authentic Low-Country lifestyle at prices that actually make sense.

Neighborhood Character:

Historic downtown Walterboro SC near Thompson Street via town website — Dowtown Walterboro via town website

Walterboro, SC is an established community of ~5,500 residents with deep historic roots (the "Front Porch of the Low-Country"). The town blends small-town Southern charm with strategic positioning between Charleston, Beaufort, and Savannah. Median home prices hover around $175,000-$225,000 for existing homes, making this $295,000 new construction competitively priced.

Thompson Street sits in a developing residential area experiencing new construction growth, exactly where you want to be as an investor or owner-occupant. The neighborhood features a mix of new builds and established homes, with families, young professionals, and retirees creating a stable, diverse tenant and buyer pool.

Location, Location, Commutability

Commute Times:

66 minutes to Downtown Charleston
60 minutes to Joint Base Charleston (Air Force Base)
50 minutes to North Charleston (Boeing, major employers)
35 minutes to Summerville
30 minutes to Beaufort
10 minutes to Downtown Walterboro

Nearby Shopping/Dining (within 5-10 minutes):

Walmart Supercenter
Food Lion
Bi-Lo
Walterboro Historic Downtown District (restaurants, shops)
Fast food and local dining options along Robertson Blvd and Bells Hwy

Yes, Walterboro requires a commute for Charleston jobs—but that's precisely why the rent-to-price ratio is so attractive. You're capturing Charleston-adjacent demand at Walterboro pricing. And with remote work normalizing, many buyers now prioritize affordability and space over a 20-minute commute.

I-95 Corridor: Your Secret Weapon

Thompson Street is just minutes from I-95, the Eastern Seaboard's main artery. This isn't just convenient—it's strategic:

Easy weekend getaways to Savannah (90 min), Hilton Head (75 min), Myrtle Beach (2.5 hrs)
Major employer accessibility without living in high-cost zones
Interstate visibility makes Walterboro a growing logistics and distribution hub
Military families rotating through Charleston bases love the affordability + highway access

For investors, I-95 proximity = consistent tenant demand from travelers, contractors, and families relocating for work who want affordable Low-Country access.

Questions This Section Addresses:

Is Walterboro a good neighborhood?
What's nearby?
How's the commute?
Why choose this area over Charleston suburbs?

Explore more Walterboro properties →

What the Numbers Say: For Buyers & Investors

For First-Time Buyers: Is This Affordable?

Let's break down what ownership actually costs at 122 Thompson St:

Purchase Price: $295,000

Estimated Monthly Payment: ~$2,150/month
(Assuming 10% down ($29,500), 7% interest rate, includes estimated property taxes and insurance)

HOA Savings: $0 – that's $200-400/month saved compared to HOA communities

Compare to Rent: Average 4-bedroom rental in Walterboro = $1,700-$2,200/month. At $2,150/month to own versus $2,000/month to rent, you're building equity for roughly the same cost as renting.

Property Tax Context: Colleton County has relatively low property taxes compared to Charleston County. Estimated annual taxes: ~$1,800-$2,100.

First-Time Buyer Tip:
"At $295,000 with 10% down, you'd need household income around $65,000-$70,000/year to qualify comfortably. FHA loans (3.5% down) and VA loans (0% down for qualified veterans) are excellent options here. Plus, buying new construction means you're covered by builder warranties—huge peace of mind for first-timers nervous about surprise repairs."

For Investors: What's the ROI?

This is where 122 Thompson St gets exciting:

Current Status: Tenant-occupied with active lease

Current Rent: $2,200/month ($26,400/year)

Purchase Price: $295,000

Estimated Expenses:

Property Taxes: ~$175/month ($2,100/year)
Insurance: ~$125/month ($1,500/year)
Maintenance Reserve: ~$110/month ($1,300/year) – minimal for new construction
Total Monthly Expenses: ~$410/month

Gross Rental Yield: 8.9%
(Annual rent $26,400 ÷ Purchase price $295,000 = 8.9%)

Net Operating Income (NOI): ~$21,500/year
($26,400 rent - $4,900 expenses)

Cash-on-Cash Return (25% down):

Down Payment: $73,750
Monthly Mortgage Payment (P&I only at 7%): ~$1,470
Net Monthly Cash Flow: $2,200 rent - $410 expenses - $1,470 mortgage = +$320/month ($3,840/year)
Cash-on-Cash Return: ~5.2% on your down payment

Key Investor Advantages:

New Construction = Low Maintenance: No immediate cap-ex needs; everything's under warranty
Tenant in Place: No vacancy period, immediate cash flow from day one
Strong Rent-to-Price Ratio: At 8.9% gross yield, this outperforms most Charleston-area investments
Appreciation Potential: Walterboro is growing; new construction neighborhoods typically see 3-5% annual appreciation
Tenant Profile: Walterboro attracts military families, healthcare workers (Colleton Medical Center), and professionals commuting to Charleston—stable, long-term tenants

Local Occupancy Rate: ~94% (tight rental market)

Questions This Section Addresses:

Can I afford this?
What's the rental income potential?
Is this a good investment?
What are carrying costs?

Run the numbers yourself—use our mortgage calculator →

Is 122 Thompson St Right for You?

Perfect for Life Starters If...

✓ You want brand-new everything without the stress of building from scratch

✓ You're tired of bidding wars in Charleston and want a home you can actually afford

✓ You value low maintenance (new appliances, new systems, warranties) over DIY projects

✓ You need 4 bedrooms for a growing family or home office setup

✓ You're military stationed at Joint Base Charleston and want to build equity while serving

✓ You prefer no HOA rules—paint your house, park your boat, do your thing

Perfect for Equity Maximizers If...

✓ You're downsizing from Charleston and want to pocket $100K+ in equity while staying in the Low-Country

✓ You're relocating for retirement and want new construction without maintenance headaches

✓ You value central location with easy access to medical facilities, shopping, and I-95

✓ You're looking for a rental property to supplement retirement income

Perfect for Portfolio Builders If...

✓ You want immediate cash flow from a tenant-occupied property

✓ You're seeking new construction to minimize maintenance costs and maximize NOI

✓ You understand the Low-Country growth story and want to position early in an appreciating market

✓ You're building a turnkey rental portfolio and need properties that practically manage themselves

✓ You value strong rent-to-price ratios (8.9% gross yield beats most Charleston investments)

✓ You're a 1031 exchange investor looking to deploy capital into a cash-flowing asset

Questions This Section Addresses:

Is this home right for me?
What type of buyer does this suit?

Not sure? Let's talk—book a 15-min consult →

Living in Walterboro: What You Need to Know

Schools (Colleton County School District)

Zoned Schools:

Bells Elementary School (PK-5) – 2600 Bells Highway, Walterboro, SC 29488
Colleton County Middle School (6-8) – 500 Forest Circle, Walterboro, SC 29488
Colleton County High School (9-12) – 500 Forest Circle, Walterboro, SC 29488

Colleton County School District serves approximately 6,000 students across the county. The district also features Thunderbolt Career and Technology Center, offering 15 career cluster programs for high schoolers interested in trades and technical careers.

For families seeking private education, Colleton Preparatory Academy (rated B+ by Niche) offers PK-12 education and is one of the highest-rated schools in Walterboro.

Top Employers Nearby

Major Employers (with commute times):

Colleton Medical Center (5 min) – Healthcare
Colleton County School District (5 min) – Education
PruittHealth (5 min) – Healthcare services
Food Lion Distribution (10 min) – Retail/logistics
Joint Base Charleston (60 min) – Military
Boeing South Carolina (60 min) – Aerospace manufacturing
Volvo Cars (65 min) – Automotive manufacturing

Higher Education:

University of South Carolina Salkehatchie (Walterboro campus) – Offers first two years of USC degrees plus bachelor's programs in Liberal Studies, Nursing, and Education

Lifestyle Snapshot

Population: ~5,500

Median Household Income: ~$40,000

Known For: Historic downtown district, "Front Porch of the Low-Country," antique shops, Southern hospitality, strategic I-95 location

Recreation: Great Swamp Sanctuary (nature trails), downtown historic walking tours, local festivals, proximity to ACE Basin (one of the largest undeveloped estuaries on the East Coast)

Dining Favorites: Duke's Barbecue (SC institution since 1949), Redneck Bistro, Hiott's Pharmacy Soda Fountain (historic lunch counter), local seafood spots

Cost of Living: 15% below U.S. national average; housing costs 20%+ below Charleston metro

Walterboro is unapologetically small-town South Carolina—which is exactly its appeal. You won't find trendy breweries on every corner, but you will find authenticity, affordability, and a community where neighbors still wave. For families and investors, that translates to stability and value.

Questions This Section Addresses:

Are Walterboro schools good?
Where do people work?
What's the community like?
What's there to do?

Learn more about Walterboro neighborhoods →

Why Buy (or Invest) with The Family Real Estate Group

One-Stop Shop: We don't just sell homes, we build new construction homes, too. Can't find what you want? Our custom home division can design your dream from the ground up. We've been serving the Charleston tri-county area (and beyond to markets like Walterboro) for 35+ years—longer than most of our competitors have been in business.

Local Expertise: The Sotiroglou family knows the Low-Country inside and out. We understand Walterboro's growth trajectory, the rental market dynamics, and exactly what makes a property a smart investment versus a money pit.

Investor Support: For portfolio builders, we connect you with trusted property managers, lenders who understand investment properties, and contractors for any value-add work. We speak your language—cap rates, NOI, 1031 exchanges—because we're investors ourselves.

Transparent Process: From pre-approval to closing, we guide you step-by-step with zero pressure. First-time buyer? We'll walk you through every form, every acronym, every decision point. Seasoned investor? We'll get out of your way and make sure the deal closes smoothly.

Questions This Section Addresses:

Why should I work with TFREG?
What makes you different from other brokerages?
Do you understand investment properties?

Meet the TFREG team →

Ready to See 122 Thompson St?

This property won't last. Here's why:

New construction under $300K is rare in the Low-Country—most new builds start at $350K+. Tenant-occupied investments with immediate cash flow are even harder to find. And no HOA properties? They're disappearing fast as developers default to HOA-controlled communities.

You're looking at the intersection of affordability, cash flow, and low maintenance. Whether you're buying your first home or your fifteenth rental, 122 Thompson St delivers.