Two-Unit Duplex with Laundry
1155 Berkeley Street # B Unit Units A & B, Hanahan, SC 29410
For Sale
$292,000
Both residences are occupied under month-to-month tenancies, and a separate laundry shed serves the property.
Property Size1,508 SF
Price / SF$193.63
Days on Market60
Property Features for 1155 Berkeley Street # B Unit Units A & B
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Amenities
detached laundry shed with washer/dryer
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Realty
Listed By:
Sibita Proctor
Source:
Smithspencer
Added: Sep 11
Changed: Nov 7
Last Checked: Nov 8 at 1:52PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1960, this 1,508-square-foot duplex contains two separate residences. Each has two bedrooms and one full bathroom, with windows providing natural light. A detached shed behind the building houses a washer and dryer. Rheem HVAC equipment is noted for 2025.
Both units are occupied by month-to-month tenants. The property has no HOA fees.
Both units are occupied by month-to-month tenants. The property has no HOA fees.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,508 square feet; built in 1960
- Detached laundry shed with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,906
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,120
$398.1K
Cap Rate 7%
$284,371
$284.4K
Cap Rate 9%
$221,178
$221.2K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$30.4K $20.16/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$28.4K $18.86/SF
− OpEx
−$8.5K −$5.66/SF
NOI
$19.9K $13.20/SF
Area
Berkeley County, SC
Vacancy
6.46%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,120
Cap Rate 7%
$284,371
Cap Rate 9%
$221,178
Alternative Uses
Best Use
Multifamily LT 5
$284.4K
$248.8K – $331.8K
NOI $19,906 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$265.0K
$231.9K – $309.2K
NOI $18,552 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$408.1K
$357.1K – $476.1K
NOI $28,566 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 29410, SC
20,238
Population
8,501
Households
2.4
Avg Household Size
36
Median Age
38%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
1,927
Density / Sq Mi
$84,061
Median Household Income
$53,195
Median Earnings
$1,324
Median Rent
$339,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under month-to-month tenancies, and a separate laundry shed serves the property.
Where is this duplex located?
The property is located at 1155 Berkeley Street # B Unit Units A & B Hanahan, SC.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,508 square feet; built in 1960; Detached laundry shed with washer and dryer
