Triplex with In-Unit
For Sale
$1,150,000
102 Nassau Street #A B C, Charleston, SC 29403
Each residence has separately metered utilities and central HVAC.
Property Size2,580 SF
Price / SF$445.74
Days on Market18
Property Features for 102 Nassau Street #A B C
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Asking Price
$1,150,000
Utilities to Site
Yes
Amenities
in-unit laundry
central HVAC
gated property
wood flooring
porch
deck
Building Details
Year Built
1885
Listing Agency:
Matt O'neill Real Estate
Listed By:
Southern Bell Living
(843) 287-9888
Source:
Southernbellliving
Added: Sep 28
Changed: Oct 15
Last Checked: Oct 14 at 11:21PM
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 Matt O'neill Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1885, this 2,580-square-foot triplex contains three 2-bedroom, 1-bath residences. Unit A occupies two levels; Unit B is on the ground floor, and Unit C is upstairs. Each residence includes in-unit laundry, central HVAC, and separately metered utilities. Wood floors and porch and deck areas add to the configuration, and all three residences are expected to be vacant at closing. The gated property also has shared off-street parking.
The property at 102 Nassau Street 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 downtown destinations accessible on foot or by bicycle.
The roof was replaced in late 2017. Work in 2021 included bathroom remodels in all three residences, rebuilding the front porch and rear stairs and decking, replacing crawl-space ductwork, and paving the parking area with a canopy installed. Wood window sashes were replaced in 2021 and 2026.
The property at 102 Nassau Street 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 downtown destinations accessible on foot or by bicycle.
The roof was replaced in late 2017. Work in 2021 included bathroom remodels in all three residences, rebuilding the front porch and rear stairs and decking, replacing crawl-space ductwork, and paving the parking area with a canopy installed. Wood window sashes were replaced in 2021 and 2026.
Key Highlights
- Three 2‑bedroom, 1‑bath residences in a 2,580‑square‑foot triplex
- All three residences will be vacant at closing
- Separate utility meters, in‑unit laundry, and central HVAC in each residence
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has separately metered utilities and central HVAC.
Where is this triplex located?
The property is located at 102 Nassau Street #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 a 2,580‑square‑foot triplex; All three residences will be vacant at closing; Separate utility meters, in‑unit laundry, and central HVAC in each residence
