Renovated Duplex Near Downtown
For Sale
$799,000
1038 Harbor View Road, Charleston, SC 29412
MULTI_FAMILY - Charleston, SC
Property Size2,017 SF
Lot Size0.34 Acres
Price / SF$396.13
Days on Market207
Property Features for 1038 Harbor View Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4
Subdivision
Lawton Bluff
Elementary school
Stiles Point
Middle school
Camp Road
High school
James Island Charter
Standard status
Active
Size
2,017 SF
Lot size
0.34 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1967
Building materials
Brick
Listing Agency:
NAI Charleston, LLC
(843) 804-6818
Listed By:
Gigi Gilden
(843) 804-6818
Added: Jan 5
Changed: Jul 30
Last Checked: Jul 31 at 7:06PM
MLS# 26000531
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.
Investment Insights
Based on property information with market context.
Located off Harbor View Road, across from the Harris Teeter retail center, this fully leased duplex at 1038 Harbor View Road in Charleston, SC, presents an investment opportunity. The property, renovated in 2025, features two units, each approximately 996 square feet, totaling 2017 square feet. Each unit includes new appliances and updated kitchen and bathroom finishes. The property sits on a 0.34-acre lot and is newly fenced with a separated backyard, providing privacy for the tenants. The property is located within 12 minutes of downtown Charleston.
Key Highlights
- Fully leased duplex with 2 units, each approximately 996 SF
- Completely renovated in 2025 with brand‑new appliances and updated kitchen and bathroom finishes
- Brick construction, built in 1967
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 | $39.9k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.7k | $18.71 |
| − OpEx | −$11.3k | −$5.61 |
| NOI | $26.4k | $13.10 |
2,017 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.4K
$330.2K – $440.3K
NOI $26,418 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$545.8K
$477.6K – $636.8K
NOI $38,208 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 29412, SC
39,687
Population
18,429
Households
2.2
Avg Household Size
40
Median Age
55%
College-Educated
96%
High-School Grad
39.2 sq mi
ZIP Area
1,012
Density / Sq Mi
$99,443
Median Household Income
$54,757
Median Earnings
$1,744
Median Rent
$458,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased, renovated duplex offering immediate cash flow potential.
Where is this duplex located?
The property is located at 1038 Harbor View Road Charleston, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully leased duplex with 2 units, each approximately 996 SF; Completely renovated in 2025 with brand‑new appliances and updated kitchen and bathroom finishes; Brick construction, built in 1967
