3-Unit Triplex with
For Sale
$800,000
166 President, Charleston, SC 29403
Residential Income, Charleston, SC
Property Size2,256 SF
Lot Size0.06 Acres
Price / SF$354.61
Days on Market108
Property Features for 166 President
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4
Subdivision
Elliotborough
Elementary school
Mitchell
Middle school
Simmons Pinckney
High school
Burke
Directions
I-26 To Exit 221a. Continue Down Septima Clark Then Right On President St. Home On The Right Corner
Standard status
Active
Size
2,256 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private balcony
brick fence
Building Details
Year built
1935
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
AgentOwned Realty
(843) 725-5059
Listed By:
Teddy Nelson
(843) 725-5059
Added: May 14
Changed: Aug 19
Last Checked: Aug 29 at 5:06PM
MLS# 26014035
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.
Built in 1935, this 2,256-square-foot triplex contains three separate residences with a documented mix of Unit A with 2 bedrooms and 1 bathroom, Unit B with 3 bedrooms and 2 bathrooms, and Unit C with 1 bedroom and 1 bathroom. The property sits on 0.06 acres and includes wood floors, a private balcony, a brick fence, vinyl siding, and a metal roof.
Located at 166 President in Charleston, the property is within walking distance of MUSC, The Citadel Military College, the VA Hospital, and Publix. Public water and public sewer serve the property, supporting its existing multifamily configuration.
Located at 166 President in Charleston, the property is within walking distance of MUSC, The Citadel Military College, the VA Hospital, and Publix. Public water and public sewer serve the property, supporting its existing multifamily configuration.
Key Highlights
- Three‑unit property with 2,256 square feet on 0.06 acres
- Unit mix includes 2 Bd/1 Ba, 3 Bd/2 Ba, and 1 Bd/1 Ba residences
- Built in 1935 with wood floors and a private balcony
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
$29,548
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
3.69%
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%
$590,960
$591.0K
Cap Rate 7%
$422,114
$422.1K
Cap Rate 9%
$328,311
$328.3K
Market Conditions
NOI Build-Up for 2,256 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
$44.7K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.2K $18.71/SF
− OpEx
−$12.7K −$5.61/SF
NOI
$29.5K $13.10/SF
Area
Charleston, SC
Vacancy
5.50%
Lease Rate
$19.80 /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%
$590,960
Cap Rate 7%
$422,114
Cap Rate 9%
$328,311
Alternative Uses
Best Use
Multifamily LT 5
$422.1K
$369.4K – $492.5K
NOI $29,548 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,384 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$610.5K
$534.2K – $712.3K
NOI $42,736 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property with three separate residences, wood floors, and access to public water and sewer.
Where is this triplex located?
The property is located at 166 President Charleston, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑unit property with 2,256 square feet on 0.06 acres; Unit mix includes 2 Bd/1 Ba, 3 Bd/2 Ba, and 1 Bd/1 Ba residences; Built in 1935 with wood floors and a private balcony
