Updated Residential Income
20 Amherst Street Charleston, SC 29403
For Sale
$429,900
MULTI_FAMILY - Charleston, SC
Property Size993 SF
Lot Size0.04 Acres
Price / SF$432.93
Days on Market61
Property Features for 20 Amherst Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Laundry Room, Bedroom 2, Kitchen
Interior features
High Ceilings, Eat-in Kitchen
Standard status
Active
Size
993 SF
Lot size
0.04 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1852
Floors in Building
2
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Compass Carolinas, LLC
(803) 415-6007
Listed By:
Gentry Radwanski
(803) 415-6007
Added: May 28
Changed: Jul 21
Last Checked: Jul 27 at 10:06AM
MLS# 26015545
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 updated residential income property features a 2-bedroom, 1-bath layout with original character and modern improvements. Interiors include hardwood floors, 9-foot ceilings, and a classic decorative fireplace, along with Charleston-style side porches. The bathroom was renovated in 2024, and the home has new HVAC and ductwork installed in 2025, a brand-new hot water heater in 2026, and a freshly resealed and painted metal roof.
Located in downtown Charleston, the property is described as minutes from upper King Street, the Cigar Factory area, Marion Square, and the Arthur Ravenel Jr. Bridge, supporting an easy walk-and-drive lifestyle.
Per the provided information, the HOA covers property and flood insurance, water, an annual termite bond, and general maintenance, helping reduce monthly overhead and ongoing upkeep.
Located in downtown Charleston, the property is described as minutes from upper King Street, the Cigar Factory area, Marion Square, and the Arthur Ravenel Jr. Bridge, supporting an easy walk-and-drive lifestyle.
Per the provided information, the HOA covers property and flood insurance, water, an annual termite bond, and general maintenance, helping reduce monthly overhead and ongoing upkeep.
Key Highlights
- 2‑bedroom, 1‑bath home built in 1852 with updated interiors
- 9‑foot ceilings and hardwood floors, plus a classic decorative fireplace
- Renovated bathroom completed in 2024
Financial Insights For Apartment 5plus
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 | $23.1k | $23.28 |
| − Vacancy | −$1.2k | −$1.21 |
| EGI | $21.9k | $22.07 |
| − OpEx | −$9.9k | −$9.93 |
| NOI | $12.1k | $12.14 |
993 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$172.2K
$150.7K – $200.9K
NOI $12,053 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated 2-bedroom, 1-bath unit with original hardwood floors, 9-foot ceilings, and major mechanical upgrades through 2026.
Where is this multifamily property located?
The property is located at 20 Amherst Street Charleston, SC.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath home built in 1852 with updated interiors; 9‑foot ceilings and hardwood floors, plus a classic decorative fireplace; Renovated bathroom completed in 2024
