Renovated Duplex Near Downtown
1038 Harbor View Road Charleston, SC 29412
1038 Harbor View Road, Charleston, SC, 29412
$799,000
For Sale
$799,000
MULTI_FAMILY - Charleston, SC
Property Size2,017 SF
Lot Size0.34 Acres
Price / SF$396.13
Days on Market195
Property Features for 1038 Harbor View Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 3
- Standard status
- Active
- Size
- 2,017 SF
- Lot size
- 0.34 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1967
- Building materials
- Brick
Listing Agency
NAI Charleston, LLC
(843) 804-6818
Charleston, SC
Listed by
Gigi Gilden
(843) 804-6818
Added: Jan 5 Checked: Jul 19 at 11:06 am
MLS# 26000531
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.
Investment Insights
Based on property information with market context.
Located off Harbor View Road, across from the Harris Teeter retail center, this fully leased duplex at 1038 Harbor View Road in Charleston, SC, presents an investment opportunity. The property, renovated in 2025, features two units, each approximately 996 square feet, totaling 2017 square feet. Each unit includes new appliances and updated kitchen and bathroom finishes. The property sits on a 0.34-acre lot and is newly fenced with a separated backyard, providing privacy for the tenants. The property is located within 12 minutes of downtown Charleston.
Key Highlights
- Fully leased duplex with 2 units, each approximately 996 SF
- Completely renovated in 2025 with brand‑new appliances and updated kitchen and bathroom finishes
- Brick construction, built in 1967
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 | $39.9k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.7k | $18.71 |
| − OpEx | −$11.3k | −$5.61 |
| NOI | $26.4k | $13.10 |
2,017 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.4K
$330.2K – $440.3K
NOI $26,418 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$545.8K
$477.6K – $636.8K
NOI $38,208 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully leased, renovated duplex offering immediate cash flow potential.
Where is this duplex located?
The property is located at 1038 Harbor View Road Charleston, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully leased duplex with 2 units, each approximately 996 SF; Completely renovated in 2025 with brand‑new appliances and updated kitchen and bathroom finishes; Brick construction, built in 1967
