Four-Unit Multifamily
For Sale
$589,000
109 Magwood Drive, Summerville, SC 29485
The property contains two-bedroom residences with one-and-a-half baths and is being sold as-is.
Property Size3,887 SF
Days on Market364
Property Features for 109 Magwood Drive
General Information
Standard status
Active
Size
3,887 SF
Property subtype
Multi-Family
Occupancy
75%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
3,887 SF
Year Built
1984
Listing Agency:
Matt O'Neill Real Estate
Listed By:
Paul Kelton · License #117366
(843) 654-7777
Source:
Kw
Added: Oct 16, 2025
Changed: Oct 13
Last Checked: Oct 12 at 5:40PM
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.
Located at 109 Magwood Drive in Summerville, this four-unit residential property was built in 1984. The units share a consistent layout, with two bedrooms and one and a half baths in each residence. Current occupancy is 75%, and the property is offered in as-is condition.
The property is 3.7 miles from downtown Summerville and 6.5 miles from Nexton Square. Major employment centers are also within driving distance, including Boeing at 13.8 miles, Volvo at 16.1 miles, and the Joint Naval Base at 17.6 miles. Interstate 26 is 5.5 miles away, providing access to the surrounding Charleston-area market.
The property is 3.7 miles from downtown Summerville and 6.5 miles from Nexton Square. Major employment centers are also within driving distance, including Boeing at 13.8 miles, Volvo at 16.1 miles, and the Joint Naval Base at 17.6 miles. Interstate 26 is 5.5 miles away, providing access to the surrounding Charleston-area market.
Key Highlights
- Four‑unit multifamily property at 109 Magwood Drive
- Each unit includes 2 bedrooms and 1.5 baths
- 75% current occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,063
Cap Rate
7.48%
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 7.48%
Second Best
Apartment 5plus
$580.9K
$508.3K – $677.8K
NOI $40,666 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,625 @ 7.0% cap · market cap 34.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
75%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - The property contains two-bedroom residences with one-and-a-half baths and is being sold as-is.
Where is this quadplex located?
The property is located at 109 Magwood Drive Summerville, SC.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 109 Magwood Drive; Each unit includes 2 bedrooms and 1.5 baths; 75% current occupancy
