Brick Veneer
For Sale
$660,000
1212 Boone Hill Road, Summerville, SC 29483
Residential Income, Summerville, SC
Property Size3,958 SF
Lot Size0.24 Acres
Price / SF$166.75
Days on Market103
Property Features for 1212 Boone Hill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 2
Elementary school
Newington
Middle school
Gregg
High school
Summerville
Subdivision
63 - Summerville/Ridgeville
Standard status
Active
Size
3,958 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1981
Floors in Building
2
Number of units
4
Building materials
Brick Veneer
Roof type
Asphalt
Listing Agency:
Realty One Group Coastal
(843) 557-5748
Listed By:
Barnwell Cuthbert
(843) 509-9092
Added: Jun 1
Changed: Sep 5
Last Checked: Sep 11 at 12:06PM
MLS# 26015827
Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,958 square feet, with each unit measuring 989.5 SF and configured with 2 bedrooms and 1.5 baths. Built in 1981, the building features brick veneer construction, an asphalt roof, and a practical layout across the quadplex.
The property occupies 0.24 acres at 1212 Boone Hill Road in Summerville, South Carolina. Public water and public sewer serve the site, providing established utility infrastructure for the residential improvements.
The property occupies 0.24 acres at 1212 Boone Hill Road in Summerville, South Carolina. Public water and public sewer serve the site, providing established utility infrastructure for the residential improvements.
Key Highlights
- Four‑unit quadplex with 3,958 square feet
- Each unit measures 989.5 SF with 2 bedrooms and 1.5 baths
- Built in 1981 with brick veneer construction
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
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Open Analytics
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 consistent two-bedroom, one-and-a-half-bath layouts in a professionally maintained income property.
Where is this quadplex located?
The property is located at 1212 Boone Hill Road 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 square feet; Each unit measures 989.5 SF with 2 bedrooms and 1.5 baths; Built in 1981 with brick veneer construction
