Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Magwood Drive Summerville, SC 29485

    View on Map
    For Sale
    Under Contract
    $646,500

    MULTI_FAMILY - Summerville, SC

    Property size:
    3,887 SF
    Lot size:
    0.27 Acres
    Added:
    Oct 15, 2025
    Days on Market:
    169
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 109 Magwood Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 5
    Standard status
    Active Under Contract
    Size
    3,887 SF
    Lot size
    0.27 Acres

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    4

    We can help!

    Listing Contact
    Paul Kelton

    Listing agent Paul Kelton

    Listing office Matt O'Neill Real Estate Mt. Pleasant, SC

    Listing date Oct 15, 2025

    MLS# 25027981

    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.

    Overview

    Summerville Quadplex Investment Opportunity

    The property at 109 Magwood Drive in Summerville, SC, is a quadplex featuring spacious two-bedroom, one and a half bath units. The property is currently 75% occupied. Its location provides access to major employers such as Boeing (13.8 miles), Volvo (16.1 miles), and the Joint Naval Base (17.6 miles), as well as retail and dining options in downtown Summerville (3.7 miles) and Nexton Square (6.5 miles). Key transportation routes, including I-26, are 5.5 miles away. The property, situated on a 0.27-acre lot, offers 3887 square feet of space. This quadplex is suitable for investors looking to expand their multifamily portfolio in the Charleston area. The property is being sold As-Is.
    Property Profile Insight Report 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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.192863
    Latitude
    32.976771

    Nearby Similar for Sale

    • $646,500
      4,012 SF

      Summerville Quadplex Investment Opportunity

      Well-located Summerville quadplex near major employers and retail.
      104 Jedi Lane, Summerville, SC 29485
      View Details
    • $646,500
      3,887 SF

      Summerville Quadplex Investment Opportunity

      Fully occupied quadplex in Summerville, SC, with solid rental history.
      103 Magwood Drive, Summerville, SC 29485
      View Details
    • $149,000

      Land in Summerville, SC

      Land available in Summerville, South Carolina.
      228 Comiskey Park Circle, Summerville, SC 29485
      View Details
    • $249,990
      3,008 SF

      Summerville Triplex Customization Opportunity

      Triplex near Historic Downtown Summerville, customize to fit your vision.
      780 E Cain Street, Summerville, SC 29485
      View Details
    • $620,000
      4,010 SF

      Summerville Quadplex: Investment Opportunity

      Well-maintained quadplex in a convenient Summerville location.
      107 Magwood Drive, Summerville, SC 29485
      View Details
    • $620,000
      4,010 SF

      Summerville Quadplex: Investment Opportunity

      Well-maintained quadplex in a convenient Summerville location.
      105 Magwood Drive, Summerville, SC 29485
      View Details
    • $740,000
      4,000 SF

      Summerville Quadplex: Investment Opportunity

      Well-maintained quadplex in Summerville with immediate cash flow potential.
      121 Langley Drive, Summerville, SC 29485
      View Details
    • $475,000
      2,639 SF

      Commercial Property in Growing Corridor

      2,639 SF property suitable for various commercial uses.
      1745 Central Ave, Summerville, SC 29483
      View Details
    • $239,000
      1,128 SF

      Charming Duplex with Pond View

      Summerville duplex featuring a serene pond view and desirable location.
      144 Townsend Way, Summerville, SC 29483
      View Details
    • $875,000
      2,000 SF

      Office/Warehouse Building with Fenced Yard

      2,000 SF office/warehouse on 1.32 acres near I-26.
      219 Old Summerville Rd, Summerville, SC 29486
      View Details
    • $1,200,000
      7,264 SF

      Summerville Quadplex Near Downtown

      Four units in great condition, commercially zoned near downtown.
      102 Candlelite Path unit: 102,104,106,108, Summerville, SC 29483
      View Details
    • $289,900
      1,657 SF

      Refreshed Single-Story Home in Summerville

      Low-maintenance home near shopping, dining, and medical offices.
      127 Manning Court, Summerville, SC 29485
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-located Summerville quadplex with investment potential near major employers.
    Where is this quadplex located?
    The property is located at 109 Magwood Drive Summerville, SC.
    What is the asking price?
    The asking price for this property is $646,500.
    What are key features of this property?
    This property features: Quadplex in highly desirable Summerville location; Strong investment potential with 75% occupancy; Spacious two‑bedroom, one and a half bath units
    (843) 654-7777
    We can help!
    Listing Contact
    Paul Kelton
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!