Updated Duplex with Separate
1157 Berkeley Street Unit A&B, Hanahan, SC 29410
For Sale
$305,000
Two occupied units have driveway parking, separate water and electric billing, and a shared rear laundry shed.
Property Size1,392 SF
Price / SF$219.11
Days on Market39
Property Features for 1157 Berkeley Street Unit A&B
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Gross Income
Average Monthly Rent
Site & Location
Road Access
Utilities to Site
Additional Details
Multifamily Units
Tenant in Place
Amenities
laundry shed
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Realty
Listed By:
Sibita Proctor
Source:
Oysterpointgroup
Added: Oct 2
Changed: Nov 3
Last Checked: Nov 8 at 9:44AM
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.
This duplex contains two units totaling 1,392 square feet, built in 1960. Interior improvements include fresh paint, wood-look LVP flooring, updated lighting and hardware, new countertops, and bathroom work. A rear laundry shed is equipped with a full-size washer and dryer, and driveway parking serves the property.
Both units are occupied by month-to-month tenants. Each side has separate water and electric billing, with tenants responsible for all utilities. The property is on a dead-end street in Hanahan, South Carolina, and has no HOA.
Both units are occupied by month-to-month tenants. Each side has separate water and electric billing, with tenants responsible for all utilities. The property is on a dead-end street in Hanahan, South Carolina, and has no HOA.
Key Highlights
- Two‑unit duplex totaling 1,392 square feet
- Built in 1960
- Occupied by month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,375
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,500
$367.5K
Cap Rate 7%
$262,500
$262.5K
Cap Rate 9%
$204,167
$204.2K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$28.1K $20.16/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$26.2K $18.86/SF
− OpEx
−$7.9K −$5.66/SF
NOI
$18.4K $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%
$367,500
Cap Rate 7%
$262,500
Cap Rate 9%
$204,167
Alternative Uses
Best Use
Multifamily LT 5
$262.5K
$229.7K – $306.3K
NOI $18,375 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$376.7K
$329.6K – $439.5K
NOI $26,369 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units have driveway parking, separate water and electric billing, and a shared rear laundry shed.
Where is this duplex located?
The property is located at 1157 Berkeley Street Unit A&B Hanahan, SC.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,392 square feet; Built in 1960; Occupied by month‑to‑month tenants
