Updated Three-Unit
102 Nassau Street # C Unit A B C, Charleston, SC 29403
For Sale
$1,150,000
Three residences offer separate utility meters, in-unit laundry, central HVAC, and gated off-street parking.
Property Size2,580 SF
Price / SF$445.74
Days on Market46
Property Features for 102 Nassau Street # C Unit A B C
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Asking Price
Amenities
in-unit laundry
central HVAC
gated property
off-street parking
wood flooring
porch and deck areas
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
Keller Williams Realty Charleston
Listed By:
Lane Huntley
(843) 416-2000
Source:
Crowncoast
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 9 at 7:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Charleston
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Investment Insights
Based on property information with market context.
Built in 1885, this 2,580-square-foot Charleston property contains three residences, each with two bedrooms and one bathroom. Unit A occupies two levels; Unit B is on the ground floor, and Unit C is upstairs. Wood floors and porch and deck areas serve the units. Each residence has in-unit laundry, central HVAC, and separately metered utilities. All three units are scheduled to be vacant at closing.
The property is one block from Meeting Street and two blocks from Upper King Street’s restaurants and shops. The College of Charleston is approximately a 0.9-mile walk away, with neighborhood cafes and dining also nearby.
Work includes a full roof replacement in late 2017, bathroom remodels and exterior improvements in 2021, and replacement wood window sashes in 2021 and 2026. The front porch and rear stairs and decking were rebuilt, crawl-space ductwork was replaced, and the parking area was paved with a canopy added. Appliances have also been replaced across all three residences.
The property is one block from Meeting Street and two blocks from Upper King Street’s restaurants and shops. The College of Charleston is approximately a 0.9-mile walk away, with neighborhood cafes and dining also nearby.
Work includes a full roof replacement in late 2017, bathroom remodels and exterior improvements in 2021, and replacement wood window sashes in 2021 and 2026. The front porch and rear stairs and decking were rebuilt, crawl-space ductwork was replaced, and the parking area was paved with a canopy added. Appliances have also been replaced across all three residences.
Key Highlights
- Three 2‑bedroom, 1‑bath residences in 2,580 square feet
- Built in 1885; Unit A spans two levels, with B downstairs and C upstairs
- Separate utility meters, in‑unit laundry, and central HVAC in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,792
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,840
$675.8K
Cap Rate 7%
$482,743
$482.7K
Cap Rate 9%
$375,467
$375.5K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$51.1K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.3K $18.71/SF
− OpEx
−$14.5K −$5.61/SF
NOI
$33.8K $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 Rate 5%
$675,840
Cap Rate 7%
$482,743
Cap Rate 9%
$375,467
Alternative Uses
Best Use
Multifamily LT 5
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$698.2K
$610.9K – $814.6K
NOI $48,873 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,132
Businesses Nearby
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Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer separate utility meters, in-unit laundry, central HVAC, and gated off-street parking.
Where is this triplex located?
The property is located at 102 Nassau Street # C Unit A B C Charleston, SC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath residences in 2,580 square feet; Built in 1885; Unit A spans two levels, with B downstairs and C upstairs; Separate utility meters, in‑unit laundry, and central HVAC in all three units
