4-Unit
113 America Street A B C D, Charleston, SC 29403
For Sale
$900,000
Separate utilities serve all four apartments in this legal non-conforming building.
Property Size2,142 SF
Price / SF$420.17
Days on Market25
Property Features for 113 America Street A B C D
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
backyard
hardwood floors
Building Details
Year Built
Buildings
Listing Agency:
Carolina One Real Estate
Listed By:
Shana Swain · License SC #118314
(843) 224-8400
Source:
Indigooakrealestate
Added: Oct 17
Changed: Nov 9
Last Checked: Nov 9 at 8:31AM
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 Carolina One Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,142 square feet and was built in 1980. Three apartments have one bedroom and one bathroom; the remaining apartment has three bedrooms and one bathroom. Utilities are separately metered, and hardwood floors are present in the upstairs apartments.
The building occupies a corner at Cooper and America streets in Charleston, South Carolina. A green backyard provides outdoor space.
The building occupies a corner at Cooper and America streets in Charleston, South Carolina. A green backyard provides outdoor space.
Key Highlights
- Four residential units in a legal non‑conforming building
- 2,142 square feet; built in 1980
- Three 1‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,055
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,100
$561.1K
Cap Rate 7%
$400,786
$400.8K
Cap Rate 9%
$311,722
$311.7K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$42.4K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$40.1K $18.71/SF
− OpEx
−$12.0K −$5.61/SF
NOI
$28.1K $13.10/SF
Area
Charleston, SC
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,100
Cap Rate 7%
$400,786
Cap Rate 9%
$311,722
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $26,000 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$579.7K
$507.2K – $676.3K
NOI $40,576 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate utilities serve all four apartments in this legal non-conforming building.
Where is this quadplex located?
The property is located at 113 America Street A B C D Charleston, SC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four residential units in a legal non‑conforming building; 2,142 square feet; built in 1980; Three 1‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment
