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    Summerville Quadplex Near Downtown Title is generated by Realmo AI

    102 Candlelite Path, Summerville, SC 29483

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    Claim this Listing
    For Sale
    Under Contract
    $1,050,000

    MULTI_FAMILY - Summerville, SC

    Property size:
    7,264 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $144/SF
    Added:
    Jan 7, 2026
    Days on Market:
    159
    Last Refresh:
    Jun 15 at 8:06 am

    Property Features for 102 Candlelite Path

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Rooms
    Bedroom 7, Bedroom 11, Bedroom 9, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 12, Bedroom 3, Bedroom 5, Bedroom 10, Bedroom 6, Bedroom 8
    Parking
    1
    Standard status
    Active Under Contract
    Size
    7,264 SF
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1969
    Floors in Building
    2
    Number of units
    4
    Building materials
    Block/Masonry, Masonite, Wood Siding

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    Listing Contact
    Philip Sykes
    Philip Sykes

    Listing agent Philip Sykes License #28254

    Listing office The Cassina Group Mount Pleasant, SC

    Listing date Jan 7, 2026

    MLS# 26000458 Listing URL

    Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Quadraplex in Summerville, minutes from downtown.
    • Zoned commercial, offering versatile usage options.
    • Four units in great condition, each with 3 bedrooms and 2 full baths.
    • New roof recently installed.
    • Individually metered units for water/sewer & electricity.
    • Each unit has covered parking with storage.

    Overview

    This quadplex presents a fantastic opportunity in the older section of Summerville, located just minutes from downtown. Zoned commercial, the property features four units in great condition. A new roof has recently been installed. Each unit is approximately 1800 square feet and includes 3 bedrooms and 2 full baths. The downstairs area is open, featuring large ceiling-to-floor windows that provide ample natural light. Each unit has one bedroom on the first floor and two bedrooms upstairs, with all units sharing the same floor plan. Washer and dryer hookups are available in each unit. Covered parking with a storage area is provided for each unit. Each unit is individually metered for water/sewer and electricity. The plumbing lines to the building have been recently updated. The units are easy to lease and have long-term tenants. The property size is 7264 square feet and the lot size is 0.6 acres.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $126.4k $17.40
    − Vacancy −$8.8k −$1.21
    EGI $117.6k $16.19
    − OpEx −$35.3k −$4.86
    NOI $82.3k $11.34
    7,264 SF · lease $17.40/SF/yr · vacancy 6.93% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.18M
    $1.03M – $1.37M (±1% cap)
    NOI $82,344 @ 7.0% cap · market cap 7.84%
    Second Best
    Apartment 5plus
    $1.09M
    $950.0K – $1.27M (±1% cap)
    NOI $75,997 @ 7.0% cap · market cap 7.24%
    Theoretical Best
    Office A
    $5.44M
    $4.76M – $6.34M (±1% cap)
    NOI $380,532 @ 7.0% cap · market cap 36.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.201026
    Latitude
    33.00058

    FAQs

    What type of property is this?
    Quadplex - Quadplex in great condition, commercially zoned, minutes from downtown.
    Where is this quadplex located?
    The property is located at 102 Candlelite Path Summerville, SC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Quadraplex in Summerville, minutes from downtown.; Zoned commercial, offering versatile usage options.; Four units in great condition, each with 3 bedrooms and 2 full baths.
    More about this property
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