4-Unit
For Sale
$660,000
1212 Boone Hill Rd, Summerville, SC 29483
Four residential units offer a consistent two-bedroom, one-and-a-half-bath configuration in Summerville.
Property Size3,958 SF
Price / SF$166.75
Days on Market255
Property Features for 1212 Boone Hill Rd
General Information
Standard status
Active
Size
3,958 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Gross Income
$61,920
Building Details
Year Built
1981
Listing Agency:
Realty One Group Coastal
Listed By:
Barnwell Cuthbert
(843) 557-5748
Source:
Findyourcharlestonhome
Added: Jan 31
Changed: Oct 1
Last Checked: Oct 12 at 8:34PM
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 Realty One Group Coastal
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,958 SF across four similarly configured units. Each unit provides 989.5 SF with two bedrooms and 1.5 baths, creating a uniform layout throughout the building. The property was constructed in 1981.
Located at 1212 Boone Hill Rd in Summerville, South Carolina, the quadplex offers an established multifamily format within the local residential market. Showings require 48 hours’ notice, and a prequalification letter is required before scheduling.
Located at 1212 Boone Hill Rd in Summerville, South Carolina, the quadplex offers an established multifamily format within the local residential market. Showings require 48 hours’ notice, and a prequalification letter is required before scheduling.
Key Highlights
- Four‑unit quadplex with 3,958 SF
- Each unit measures 989.5 SF
- All units include 2 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,868
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,360
$897.4K
Cap Rate 7%
$640,971
$641.0K
Cap Rate 9%
$498,533
$498.5K
Market Conditions
NOI Build-Up for 3,958 SF
Gross rent
$68.9K $17.40/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$64.1K $16.19/SF
− OpEx
−$19.2K −$4.86/SF
NOI
$44.9K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,360
Cap Rate 7%
$640,971
Cap Rate 9%
$498,533
Alternative Uses
Best Use
Multifamily LT 5
$641.0K
$560.9K – $747.8K
NOI $44,868 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$591.6K
$517.6K – $690.2K
NOI $41,409 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.96M
$2.59M – $3.46M
NOI $207,344 @ 7.0% cap · market cap 31.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 29483, SC
56,778
Population
23,133
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
53.3 sq mi
ZIP Area
1,065
Density / Sq Mi
$82,194
Median Household Income
$42,929
Median Earnings
$1,220
Median Rent
$303,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a consistent two-bedroom, one-and-a-half-bath configuration in Summerville.
Where is this quadplex located?
The property is located at 1212 Boone Hill Rd Summerville, SC.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,958 SF; Each unit measures 989.5 SF; All units include 2 bedrooms and 1.5 baths
