Four-Unit Residential
For Sale
$900,000
113 America Street # D Unit A B C D, Charleston, SC 29403
Four residences have separate utility services, with one larger three-bedroom unit and three one-bedroom units.
Property Size2,142 SF
Price / SF$420.17
Days on Market11
Property Features for 113 America Street # D Unit A B C D
General Information
Standard status
Active
Size
2,142 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
East Side
Units
Unit Mix
3 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Building Details
Building Size
2,142 SF
Year Built
1980
Buildings
1
Listing Agency:
Crown Coast Properties
Listed By:
Amy Rogers
(843) 824-4892
Source:
Crowncoast
Added: Oct 17
Changed: Oct 26
Last Checked: Oct 26 at 3:14PM
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 Crown Coast Properties
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Investment Insights
Based on property information with market context.
This 2,142-square-foot quadplex contains four units, each with one bathroom. Three units are configured as one-bedroom residences; the remaining unit has three bedrooms. Upstairs units feature hardwood flooring, and the property includes a backyard with lawn space. The building dates to 1980 and is legally non-conforming, with separate utilities for each unit.
The property is situated at the corner of Cooper and America Streets in Charleston, South Carolina.
The property is situated at the corner of Cooper and America Streets in Charleston, South Carolina.
Key Highlights
- Four units totaling 2,142 square feet
- Three 1‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit
- Separate utilities for each unit
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences have separate utility services, with one larger three-bedroom unit and three one-bedroom units.
Where is this quadplex located?
The property is located at 113 America Street # D Unit 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 totaling 2,142 square feet; Three 1‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit; Separate utilities for each unit
