4-Unit Quadplex with Separate
New
For Sale
$900,000
113 America Street #A B C D, Charleston, SC 29403
A corner property with a shared backyard and hardwood floors in the upper units.
Property Size2,142 SF
Price / SF$420.17
Days on Market1
Property Features for 113 America Street #A B C D
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Amenities
backyard
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Carolina One Real Estate
Listed By:
Shana Swain · License #33542
(843) 224-8400
Source:
Thecassinagroup
Added: Oct 19
Last Checked: Oct 19 at 2:24PM
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 4-unit quadplex contains 2,142 square feet and was built in 1980. Three apartments have one bedroom and one bathroom each; the remaining apartment has three bedrooms and one bathroom. The units have separate utilities, and hardwood flooring is present in the upstairs apartments.
The property occupies a corner at Cooper and America. A backyard serves the building, and its legal status is non-conforming.
The property occupies a corner at Cooper and America. A backyard serves the building, and its legal status is non-conforming.
Key Highlights
- Four units with separate utilities
- Three 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
- 2,142 square feet; built in 1980
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,299
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 - A corner property with a shared backyard and hardwood floors in the upper units.
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 units with separate utilities; Three 1‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit; 2,142 square feet; built in 1980
