1507 Evergreen Street Charleston, SC 29407
MULTI_FAMILY - Charleston, SC
Property Features for 1507 Evergreen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,269 SF
- Lot size
- 0.21 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Block/Masonry
Listing agent Greg Polak (843) 806-9830
Listing office The Boulevard Company Charleston, SC (843) 806-9830
Listing date Jul 8, 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.
Located in West Ashley (29407), the property provides quick access to Downtown Charleston as well as I-526 and I-26. Everyday conveniences are nearby, including Whole Foods, Harris Teeter, and Starbucks, along with retail centers and local shops and dining in the Avondale area. The West Ashley Bikeway and Mulberry Food Forest and Greenway are also close by, offering walking and biking options. A short drive connects residents to Charleston’s beaches and coastal destinations.
For buyers seeking flexibility, the duplex configuration can support long-term rental use while also offering a clear path to consider future expansion, including the possibility of adding another structure or additional unit(s), subject to applicable requirements. The property has no HOA, which can be favorable for storing personal recreational equipment such as a boat, work trailer, or similar items.
Key Highlights
- Duplex in West Ashley (29407) built in 1953 with block/masonry construction
- Each unit features 2 bedrooms and 1 full bathroom with a practical, spacious layout
- Central air cooling with electric heating
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 | $25.1k | $19.80 |
| − Vacancy | −$1.4k | −$1.09 |
| EGI | $23.7k | $18.71 |
| − OpEx | −$7.1k | −$5.61 |
| NOI | $16.6k | $13.10 |
