For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Summerville Quadplex Investment Opportunity Title is generated by Realmo AI

    103 Magwood Drive, Summerville, SC 29485

    View on Map
    Claim this Listing
    For Sale
    $646,500

    MULTI_FAMILY - Summerville, SC

    Property size:
    3,887 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $166/SF
    Added:
    Oct 15, 2025
    Days on Market:
    250
    Last Refresh:
    Jun 21 at 3:06 am

    Property Features for 103 Magwood Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 8
    Standard status
    Active
    Size
    3,887 SF
    Lot size
    0.57 Acres

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    4

    We can help!

    Listing Contact
    Paul Kelton
    Paul Kelton

    Listing agent Paul Kelton License #117366

    Listing office Matt O'Neill Real Estate Mt. Pleasant, SC

    Listing date Oct 15, 2025

    MLS# 25027978 Listing URL

    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.

    HighLights

    • Fully occupied quadplex in an active rental market
    • Located minutes from downtown Summerville (3.7 miles) and within Dorchester District 2 school zone
    • Convenient access to major employers: Boeing (13.8 miles), Volvo (16.1 miles), and Joint Naval Base (17.6 miles)
    • Easy connectivity to I‑26 (5.5 miles) for commuting tenants
    • Each unit features two bedrooms and one and a half bathrooms
    • Brick construction and solid rental history

    Overview

    Located in Summerville, South Carolina, this property offers a fully occupied quadplex, presenting an opportunity in an active rental market. Each of the four units includes two bedrooms and one and a half bathrooms. The property features brick construction and a functional design. It is part of a two-building portfolio. Situated approximately 3.7 miles from downtown Summerville and within the Dorchester District 2 school zone, the location provides access to major employers such as Boeing (13.8 miles), Volvo (16.1 miles), and the Joint Naval Base (17.6 miles). Convenient access to I-26 (5.5 miles) enhances its appeal for commuting tenants. The property is situated on a lot of approximately 0.57 acres and has a property size of 3887 square feet.

    Local 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 $67.6k $17.40
    − Vacancy −$4.7k −$1.21
    EGI $62.9k $16.19
    − OpEx −$18.9k −$4.86
    NOI $44.1k $11.34
    3,887 SF · lease $17.40/SF/yr · vacancy 6.93% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $629.5K
    $550.8K – $734.4K (±1% cap)
    NOI $44,063 @ 7.0% cap · market cap 6.82%
    Second Best
    Apartment 5plus
    $580.9K
    $508.3K – $677.8K (±1% cap)
    NOI $40,666 @ 7.0% cap · market cap 6.29%
    Theoretical Best
    Office A
    $2.91M
    $2.55M – $3.39M (±1% cap)
    NOI $203,625 @ 7.0% cap · market cap 31.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.193825
    Latitude
    32.976898

    FAQs

    What type of property is this?
    Quadplex - Fully occupied quadplex in Summerville, SC, with strong rental history.
    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 $646,500.
    What are key features of this property?
    This property features: Fully occupied quadplex in an active rental market; Located minutes from downtown Summerville (3.7 miles) and within Dorchester District 2 school zone; Convenient access to major employers: Boeing (13.8 miles), Volvo (16.1 miles), and Joint Naval Base (17.6 miles)
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message