Quadplex with Separate
For Sale
$632,500
104 Jedi Lane, Summerville, SC 29485
Residential Income, Summerville, SC
Property Size4,012 SF
Lot Size0.31 Acres
Price / SF$157.65
Days on Market340
Property Features for 104 Jedi Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 1
Subdivision
Evergreen
Elementary school
Flowertown
Middle school
Gregg
High school
Summerville
Directions
Dorchester Rd. To Bacons Bridge Rd .. Right On Heber. Then Right On Jedi. Quad Will Be On The Left
Standard status
Active
Size
4,012 SF
Lot size
0.31 Acres
Building Details
Year built
1979
Floors in Building
2
Number of units
4
Listing Agency:
Matt O'Neill Real Estate
(843) 654-7777
Listed By:
Paul Kelton · License #117366
(843) 284-8460
Added: Oct 15, 2025
Changed: Sep 13
Last Checked: Sep 19 at 5:06PM
MLS# 25027979
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 at 104 Jedi Lane in Summerville, this four-unit multifamily property contains two-bedroom, one-and-a-half-bath residences within a 4,012-square-foot building. The 0.31-acre property was built in 1979 and is being offered as-is, with each unit separately metered for utilities.
Recent improvements include a roof installed in 2025 and replacement windows installed throughout the building in 2026. The property is 5.4 miles from I-26, 3.5 miles from downtown Summerville, and 6.4 miles from Nexton Square. Major employment centers are also within driving distance, including Boeing at 13.6 miles, Volvo at 16 miles, and the Joint Naval Base at 17.4 miles.
Recent improvements include a roof installed in 2025 and replacement windows installed throughout the building in 2026. The property is 5.4 miles from I-26, 3.5 miles from downtown Summerville, and 6.4 miles from Nexton Square. Major employment centers are also within driving distance, including Boeing at 13.6 miles, Volvo at 16 miles, and the Joint Naval Base at 17.4 miles.
Key Highlights
- Quadplex with four two‑bedroom, one‑and‑a‑half‑bath units
- 4,012‑square‑foot multifamily building on 0.31 acres
- Utilities are separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$909,600
$909.6K
Cap Rate 7%
$649,714
$649.7K
Cap Rate 9%
$505,333
$505.3K
Market Conditions
NOI Build-Up for 4,012 SF
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.
Gross rent
$69.8K $17.40/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$65.0K $16.19/SF
− OpEx
−$19.5K −$4.86/SF
NOI
$45.5K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$909,600
Cap Rate 7%
$649,714
Cap Rate 9%
$505,333
Alternative Uses
Best Use
Multifamily LT 5
$649.7K
$568.5K – $758.0K
NOI $45,480 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$599.6K
$524.7K – $699.6K
NOI $41,974 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,173 @ 7.0% cap · market cap 33.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 29485, SC
57,181
Population
23,382
Households
2.4
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
48.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$83,287
Median Household Income
$47,371
Median Earnings
$1,473
Median Rent
$311,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units offer one-and-a-half baths, individual utility meters, and recent building-wide improvements.
Where is this quadplex located?
The property is located at 104 Jedi Lane Summerville, SC.
What is the asking price?
The asking price for this property is $632,500.
What are key features of this property?
This property features: Quadplex with four two‑bedroom, one‑and‑a‑half‑bath units; 4,012‑square‑foot multifamily building on 0.31 acres; Utilities are separately metered for each unit
