1290 Sumner Avenue North Charleston, SC 29406
MULTI_FAMILY - North Charleston, SC
Property Features for 1290 Sumner Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 8, Bedroom 1, Bedroom 11, Bedroom 9, Bedroom 4, Bedroom 12, Bedroom 6, Bedroom 7, Bedroom 10
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- Size
- 5,376 SF
- Lot size
- 0.27 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Number of units
- 4
Listing agent Cory Cockrell (843) 806-9830
Listing office The Boulevard Company Charleston, SC (843) 806-9830
Listing date Jul 15, 2026
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.
The property is located in North Charleston, approximately 1.5 miles from Park Circle. Current rent is described as $7,500 per month, with tenants paying all utilities. The public remarks also note that one unit will be open September 1.
At this time, the offering is presented for sale at 1290 Sumner Avenue in North Charleston (29406), with pictures reflecting units before tenants moved in and after a remodel.
Key Highlights
- Possible biggest quadplex in North Charleston with four oversized 3BR/2BA units
- Built in 2005; townhome‑scale floor plans with 1,344 SF stated
- All units have central air and heat pump heating, plus washer/dryer hookups
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.4k | $20.16 |
| − Vacancy | −$7.0k | −$1.30 |
| EGI | $101.4k | $18.86 |
| − OpEx | −$30.4k | −$5.66 |
| NOI | $71.0k | $13.20 |
