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    265 Coming St, Unit unit AB Charleston, SC 29403

    Sponsored
    For Sale
    $3,250,000

    MULTI_FAMILY - Charleston, SC

    Property size:
    3,312 SF
    Lot size:
    0.11 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 28 at 3:06 am

    Property Features for 265 Coming St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Rooms
    Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 7
    Bedrooms
    8
    Parking
    2
    Size
    3,312 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    3
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Marjorie Corbin

    eXp Realty Charleston (888) 440-2798

    Listing agent Marjorie Corbin

    Listing date Feb 16, 2026

    MLS# 25032576 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.

    Learn more

    Property Insight Report

    Overview

    Charleston Multi-Family Investment Opportunity

    Located in Downtown Charleston, this property presents a rare investment opportunity featuring two newly constructed luxury residences. Built in 2024, the property consists of two separate, three-story single-family detached structures. Together, the residences total over 3,300 square feet, including eight bedrooms, seven full bathrooms, and two half bathrooms. Each home features a layout that balances open living areas with private bedroom suites. The property includes four off-street parking spaces. The residences are fully leased from 2024 through May 2027, generating $15,700 per month and $188,400 in annual gross income. Leases include annual rent increases of $100 per bedroom, resulting in projected income of $16,500 per month and $198,000 annually for 2026. The property is situated on an X Flood Zone lot, eliminating the requirement for flood insurance. Zoned DR-2F, the site benefits from efficient land use and modern systems. The property reflects a commitment to quality construction and thoughtful architectural detail, blending enduring craftsmanship with modern efficiency. Interior design features curated material selections and attention to scale. This property offers a stabilized, low-maintenance asset in an urban corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.945048
    Latitude
    32.793762

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    FAQs

    What type of property is this?
    Single family property - Turnkey investment property with long-term leases in place.
    Where is this single family property located?
    The property is located at 265 Coming St, Unit unit AB Charleston, SC.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Turnkey investment property generating $15,700 per month with long-term leases through May 2027 and zero vacancy since construction.; - Newly constructed (2024) luxury residences built by Old City Builders.; - Projected income increases to $16,500 per month in 2026 due to built-in annual rent escalations.
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    265 Coming St, Unit unit AB Charleston, SC 29403
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    Charleston, SC 29403
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    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
    265 Coming St, Unit unit AB Charleston, SC 29403
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    Listing Contact
    Marjorie Corbin
    (888) 440-2798
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