Brick Quadplex Near Downtown
For Sale
$616,500
103 Magwood Drive, Summerville, SC 29485
Fully occupied multifamily property with brick construction and four residential units in the Dorchester District 2 school zone.
Property Size3,887 SF
Days on Market366
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Property Features for 103 Magwood Drive
General Information
Standard status
Active
Size
3,887 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
3,887 SF
Year Built
1984
Buildings
1
Construction
brick
Listing Agency:
Matt O'Neill Real Estate
Listed By:
Paul Kelton · License #117366
(843) 654-7777
Source:
Kw
Added: Oct 15, 2025
Changed: Oct 15
Last Checked: Oct 14 at 9:38PM
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
Investment Insights
Based on property information with market context.
Built in 1984, this brick quadplex contains four residential units, each configured with two bedrooms and one and a half bathrooms. The property is described as fully occupied and is being offered in its current as-is condition. It is also identified as part of a three-building portfolio.
The property is located at 103 Magwood Drive in Summerville, 3.7 miles from downtown Summerville. I-26 is 5.5 miles away, while Boeing is 13.8 miles, Volvo is 16.1 miles, and the Joint Naval Base is 17.6 miles from the property. The address falls within the Dorchester District 2 school zone.
The property is located at 103 Magwood Drive in Summerville, 3.7 miles from downtown Summerville. I-26 is 5.5 miles away, while Boeing is 13.8 miles, Volvo is 16.1 miles, and the Joint Naval Base is 17.6 miles from the property. The address falls within the Dorchester District 2 school zone.
Key Highlights
- Four‑unit quadplex with two bedrooms and 1.5 bathrooms per unit
- Brick construction; built in 1984
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,063
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,260
$881.3K
Cap Rate 7%
$629,471
$629.5K
Cap Rate 9%
$489,589
$489.6K
Market Conditions
NOI Build-Up for 3,887 SF
Gross rent
$67.6K $17.40/SF
− Vacancy
−$4.7K −$1.21/SF
EGI
$62.9K $16.19/SF
− OpEx
−$18.9K −$4.86/SF
NOI
$44.1K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,260
Cap Rate 7%
$629,471
Cap Rate 9%
$489,589
Alternative Uses
Best Use
Multifamily LT 5
$629.5K
$550.8K – $734.4K
NOI $44,063 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$580.9K
$508.3K – $677.8K
NOI $40,666 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,625 @ 7.0% cap · market cap 33.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Explore this area
Business Placement
Demographics for 29485, SC
57,181
Population
23,382
Households
2.4
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
48.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$83,287
Median Household Income
$47,371
Median Earnings
$1,473
Median Rent
$311,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with brick construction and four residential units in the Dorchester District 2 school zone.
Where is this quadplex located?
The property is located at 103 Magwood Drive Summerville, SC.
What is the asking price?
The asking price for this property is $616,500.
What are key features of this property?
This property features: Four‑unit quadplex with two bedrooms and 1.5 bathrooms per unit; Brick construction; built in 1984; Fully occupied property
