Quadplex with New
For Sale
$632,500
104 Jedi Ln, Summerville, SC 29485
Four separately metered units provide a compact multifamily configuration with two-bedroom layouts and one-and-a-half baths.
Property Size4,012 SF
Price / SF$157.65
Days on Market327
Property Features for 104 Jedi Ln
General Information
Standard status
Active
Size
4,012 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Building Details
Year Built
1979
Listing Agency:
Matt O'Neill Real Estate
(843) 654-7777
Listed By:
Paul Kelton · License #117366
Source:
Charlestonareahomeseeker
Added: Oct 7, 2025
Changed: Aug 28
Last Checked: Aug 28 at 1:49PM
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.
This four-unit multifamily property in Summerville contains two-bedroom, one-and-a-half-bath residences within a 4,012-square-foot building. The units are separately metered for utilities, and the property was built in 1979. Recent capital improvements include a roof installed in 2025 and replacement windows installed throughout in 2026. The sale is offered as-is.
The property is 3.5 miles from downtown Summerville, 6.4 miles from Nexton Square, and 5.4 miles from I-26. Boeing is 13.6 miles away, Volvo is 16 miles away, and the Joint Naval Base is 17.4 miles away. Current rent rates, expenses, and leasing status are available upon request. Buyers must independently verify rental options and applicable requirements with governing bodies.
The property is 3.5 miles from downtown Summerville, 6.4 miles from Nexton Square, and 5.4 miles from I-26. Boeing is 13.6 miles away, Volvo is 16 miles away, and the Joint Naval Base is 17.4 miles away. Current rent rates, expenses, and leasing status are available upon request. Buyers must independently verify rental options and applicable requirements with governing bodies.
Key Highlights
- Four‑unit quadplex with 4,012 SF of building area
- Each residence offers two bedrooms and one‑and‑a‑half baths
- Utilities are separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$909,600
$909.6K
Cap Rate 7%
$649,714
$649.7K
Cap Rate 9%
$505,333
$505.3K
Market Conditions
NOI Build-Up for 4,012 SF
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.
Gross rent
$69.8K $17.40/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$65.0K $16.19/SF
− OpEx
−$19.5K −$4.86/SF
NOI
$45.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$909,600
Cap Rate 7%
$649,714
Cap Rate 9%
$505,333
Alternative Uses
Best Use
Multifamily LT 5
$649.7K
$568.5K – $758.0K
NOI $45,480 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$599.6K
$524.7K – $699.6K
NOI $41,974 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,173 @ 7.0% cap · market cap 33.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
83
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered units provide a compact multifamily configuration with two-bedroom layouts and one-and-a-half baths.
Where is this quadplex located?
The property is located at 104 Jedi Ln Summerville, SC.
What is the asking price?
The asking price for this property is $632,500.
What are key features of this property?
This property features: Four‑unit quadplex with 4,012 SF of building area; Each residence offers two bedrooms and one‑and‑a‑half baths; Utilities are separately metered for each unit
