103 Magwood Drive, Summerville, SC 29485
MULTI_FAMILY - Summerville, SC
- Added:
- Oct 15, 2025
- Days on Market:
- 250
- Last Refresh:
- Jun 21 at 2:06 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
Listing agent Paul Kelton License #117366 (843) 654-7777
Listing office Matt O'Neill Real Estate Mt. Pleasant, SC (843) 654-7777
Listing date Oct 15, 2025
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Summerville
- County
- Dorchester
- State
- South Carolina
- Longitude
- -80.193825
- Latitude
- 32.976898