Four-Unit
7424 Rock Street North Charleston, SC 29420
For Sale
Under Contract
$604,900
MULTI_FAMILY - North Charleston, SC
Property Size3,060 SF
Lot Size0.35 Acres
Price / SF$197.68
Days on Market149
Property Features for 7424 Rock Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 5, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 8, Bedroom 2
Standard status
Active Under Contract
Size
3,060 SF
Lot size
0.35 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
4
Building materials
Brick Veneer
Roof type
Asphalt
Listing Agency:
AgentOwned Realty Preferred Group
(843) 725-5059
Listed By:
Mike Hillman
(843) 725-5059
Added: Mar 2
Changed: Jul 15
Last Checked: Jul 29 at 11:06PM
MLS# 26005802
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.
The property at 7424 Rock Street is a well-maintained four-unit residential quadplex. It totals approximately 3,600 square feet, with each unit offering about 900 square feet of living space. The apartments are configured as 2-bedroom, 1-bathroom homes with kitchen updates including cabinetry and breakfast bars. Ceiling fans are included throughout, and each unit has dedicated washer and dryer connections.
The building is located in North Charleston, within the 29420 area. The remarks note convenient access off Ashley Phosphate Road and straightforward connectivity to I-26 for regional travel.
This quadplex can be a practical fit for buyers seeking a multi-unit residential asset with unit-level laundry connections and tenant-paid utilities, since the property is described as having tenants responsible for all utility costs. With consistent unit layouts across all four apartments, it may also be appealing to operators who prefer repeatable tenancy and maintenance within the same building configuration.
The building is located in North Charleston, within the 29420 area. The remarks note convenient access off Ashley Phosphate Road and straightforward connectivity to I-26 for regional travel.
This quadplex can be a practical fit for buyers seeking a multi-unit residential asset with unit-level laundry connections and tenant-paid utilities, since the property is described as having tenants responsible for all utility costs. With consistent unit layouts across all four apartments, it may also be appealing to operators who prefer repeatable tenancy and maintenance within the same building configuration.
Key Highlights
- 4‑unit quadruplex with 3,600 sq. ft. total living area, including 900 sq. ft. per unit
- Brick veneer construction with central heating and central air
- Year built 1968; asphalt roof
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 | $61.7k | $20.16 |
| − Vacancy | −$4.0k | −$1.30 |
| EGI | $57.7k | $18.86 |
| − OpEx | −$17.3k | −$5.66 |
| NOI | $40.4k | $13.20 |
3,060 SF · lease $20.16/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$577.0K
$504.9K – $673.2K
NOI $40,393 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$537.8K
$470.6K – $627.4K
NOI $37,645 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$830.9K
$727.1K – $969.4K
NOI $58,164 @ 7.0% cap · market cap 9.62%
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?
Quadplex - Well-maintained four-unit building with 2-bedroom layouts and dedicated washer and dryer connections in each unit.
Where is this quadplex located?
The property is located at 7424 Rock Street North Charleston, SC.
What is the asking price?
The asking price for this property is $604,900.
What are key features of this property?
This property features: 4‑unit quadruplex with 3,600 sq. ft. total living area, including 900 sq. ft. per unit; Brick veneer construction with central heating and central air; Year built 1968; asphalt roof
