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Charleston Multi-Family Investment Opportunity

166 President Charleston, SC 29403

166 President, Charleston, SC, 29403
$800,000
For Sale
Claim this Listing
$800,000

MULTI_FAMILY - Charleston, SC

Property Size2,256 SF
Lot Size0.06 Acres
Price / SF$354.61
AddedMay 14
Days on Market63
Last RefreshJul 15 at 5:06 am

Property Features for 166 President

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1
Standard status
Active
Size
2,256 SF
Lot size
0.06 Acres

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1935
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Roof type
Metal

Listing agent Teddy Nelson

Listing office AgentOwned Realty Mount Pleasant, SC

Listing date May 14, 2026

MLS# 26014035 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.

This three-unit multi-family home is located in Downtown Charleston, SC, and presents an investment opportunity. The property offers income potential for long-term tenants and the possibility of short-term rental income. The home includes three distinct units. Unit A features 2 bedrooms and 1 bathroom, Unit B has 3 bedrooms and 2 bathrooms, and Unit C offers 1 bedroom and 1 bathroom. The property's location provides walkability to MUSC, The Citadel Military College, and the VA Hospital, as well as amenities like Publix. Classic Charleston charm is evident throughout, with features such as wood floors, a private balcony, and a brick fence. The property is situated on a lot of 0.06 acres and the property size is 2256 square feet.

Key Highlights

  • 3‑unit multi‑family home built in 1935, featuring a total of 6 bedrooms across the three units
  • Unit A: 2 bed, 1 bath; Unit B: 3 bed, 2 bath; Unit C: 1 bed, 1 bath
  • Public water and public sewer services

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 $44.7k $19.80
− Vacancy −$2.5k −$1.09
EGI $42.2k $18.71
− OpEx −$12.7k −$5.61
NOI $29.5k $13.10
2,256 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$422.1K
$369.4K – $492.5K (±1% cap)
NOI $29,548 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K (±1% cap)
NOI $27,384 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$610.5K
$534.2K – $712.3K (±1% cap)
NOI $42,736 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Electrical Service HVAC Service Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Plumbing Service Tanning Salon Home Appliance Store

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

FAQs

What type of property is this?
Triplex - Three-unit property with income potential in Downtown Charleston, SC.
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: 3‑unit multi‑family home built in 1935, featuring a total of 6 bedrooms across the three units; Unit A: 2 bed, 1 bath; Unit B: 3 bed, 2 bath; Unit C: 1 bed, 1 bath; Public water and public sewer services
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