4-Unit Quadplex with New
For Sale
$649,900
7668 Hunters Ridge Lane #1.4, North Charleston, SC 29420
Repainted exterior and refreshed vacant unit add updated finishes to this North Charleston multifamily property.
Property Size4,069 SF
Price / SF$159.72
Days on Market39
Property Features for 7668 Hunters Ridge Lane #1.4
General Information
Standard status
Active
Size
4,069 SF
Property subtype
Multi-Family
Building Details
Year Built
1973
Listing Agency:
Carolina One Real Estate
(843) 287-9888
Listed By:
Southern Bell Living
(843) 287-9888
Source:
Southernbellliving
Added: Jul 22
Changed: Aug 28
Last Checked: Aug 28 at 8:30PM
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 Carolina One Real Estate
Investment Insights
Based on property information with market context.
This 4,069-square-foot quadplex contains four separate residential units within a multifamily property built in 1973. The building received a new 2026 roof and fascia boards, while the exterior was repainted. The vacant unit also includes new flooring and paint, providing refreshed interior finishes in that portion of the property.
Located at 7668 Hunters Ridge Lane in North Charleston, the property is in Dorchester County near Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways. The four-unit configuration supports separate residential occupancy within one investment property, with layouts described as functional and suited to long-term tenancy.
Located at 7668 Hunters Ridge Lane in North Charleston, the property is in Dorchester County near Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways. The four-unit configuration supports separate residential occupancy within one investment property, with layouts described as functional and suited to long-term tenancy.
Key Highlights
- Four separate residential units in one quadplex
- 4,069 square feet on a 1973‑built multifamily property
- New 2026 roof and fascia boards
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
$53,712
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
8.26%
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%
$1,074,240
$1.1M
Cap Rate 7%
$767,314
$767.3K
Cap Rate 9%
$596,800
$596.8K
Market Conditions
NOI Build-Up for 4,069 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
$82.0K $20.16/SF
− Vacancy
−$5.3K −$1.30/SF
EGI
$76.7K $18.86/SF
− OpEx
−$23.0K −$5.66/SF
NOI
$53.7K $13.20/SF
Area
North Charleston, 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 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%
$1,074,240
Cap Rate 7%
$767,314
Cap Rate 9%
$596,800
Alternative Uses
Best Use
Multifamily LT 5
$767.3K
$671.4K – $895.2K
NOI $53,712 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$715.1K
$625.7K – $834.3K
NOI $50,058 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.10M
$966.8K – $1.29M
NOI $77,344 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 29420, SC
23,619
Population
9,537
Households
2.5
Avg Household Size
36
Median Age
31%
College-Educated
87%
High-School Grad
10.0 sq mi
ZIP Area
2,362
Density / Sq Mi
$69,043
Median Household Income
$40,949
Median Earnings
$1,506
Median Rent
$283,900
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 - Repainted exterior and refreshed vacant unit add updated finishes to this North Charleston multifamily property.
Where is this quadplex located?
The property is located at 7668 Hunters Ridge Lane #1.4 North Charleston, SC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four separate residential units in one quadplex; 4,069 square feet on a 1973‑built multifamily property; New 2026 roof and fascia boards
