Three-Unit Residential
New
For Sale
$1,500,000
4 Oakdale Place, Charleston, SC 29407
Residential Income, Charleston, SC
Property Size3,596 SF
Lot Size0.26 Acres
Price / SF$417.13
Days on Market2
Property Features for 4 Oakdale Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2
Subdivision
Avondale
Elementary school
St. Andrews
Middle school
C E Williams
High school
West Ashley
Directions
Take Hwy 61/ashley River Rd Towards Downtown. Turn Left Onto Oakdale Place. The Home Is The 2nd To The Last On The Left.
Standard status
Active
Size
3,596 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
2
Number of units
3
Listing Agency:
Brand Name Real Estate
(843) 737-0708
Listed By:
Shawn Bergen
(843) 416-2000
Added: Sep 14
Last Checked: Sep 15 at 12:06AM
MLS# 26025761
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 3,596-square-foot residential property, built in 1955, is configured as a main home with two additional rental units. The primary residence includes two bedrooms and two baths on the main level, along with a dining room, office area, and screened porch. An upper-level addition provides another bedroom and bath, exterior access, and a balcony with views toward Charleston Harbor. Each apartment includes a living area, kitchen space, bedroom, and bathroom.
The property sits on 0.26 acres in Charleston's West Ashley area and offers views toward Downtown Charleston. The apartments share a paved parking area and landscaped green space. Separate electric meters serve each apartment, the lower level of the main house, and the upper level, while the units share a water meter. Public water and public sewer are available, and a sizable workshop adds functional space for projects or storage.
The property sits on 0.26 acres in Charleston's West Ashley area and offers views toward Downtown Charleston. The apartments share a paved parking area and landscaped green space. Separate electric meters serve each apartment, the lower level of the main house, and the upper level, while the units share a water meter. Public water and public sewer are available, and a sizable workshop adds functional space for projects or storage.
Key Highlights
- 3,596‑square‑foot triplex‑style property on 0.26 acres
- Main residence with two bedrooms and two baths on the primary level
- Two separate apartments, each with a living area, kitchen space, bedroom, and bathroom
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
$47,099
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
3.14%
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%
$941,980
$942.0K
Cap Rate 7%
$672,843
$672.8K
Cap Rate 9%
$523,322
$523.3K
Market Conditions
NOI Build-Up for 3,596 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
$71.2K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$67.3K $18.71/SF
− OpEx
−$20.2K −$5.61/SF
NOI
$47.1K $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%
$941,980
Cap Rate 7%
$672,843
Cap Rate 9%
$523,322
Alternative Uses
Best Use
Multifamily LT 5
$672.8K
$588.7K – $785.0K
NOI $47,099 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$623.6K
$545.6K – $727.5K
NOI $43,649 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$973.1K
$851.5K – $1.14M
NOI $68,120 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 29407, SC
35,373
Population
18,723
Households
1.9
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,297
Density / Sq Mi
$80,568
Median Household Income
$51,827
Median Earnings
$1,388
Median Rent
$407,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Flexible residential income property with separate living areas, dedicated electric metering, workshop space, and shared parking.
Where is this triplex located?
The property is located at 4 Oakdale Place Charleston, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,596‑square‑foot triplex‑style property on 0.26 acres; Main residence with two bedrooms and two baths on the primary level; Two separate apartments, each with a living area, kitchen space, bedroom, and bathroom
