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 Market167
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
(843) 557-5748
Listed By:
Barnwell Cuthbert
Source:
Greatercharlestonhomesource
Added: Mar 16
Changed: Aug 28
Last Checked: Aug 25 at 6:38AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,868
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
