Duplex with Central
For Sale
$465,000
Pending
1543 Theresa Drive A And B, Charleston, SC 29412
Two-unit residential income property with central air, individual unit designations, and practical kitchen appliances.
Property Size1,855 SF
Days on Market189
Property Features for 1543 Theresa Drive A And B
General Information
Standard status
Pending
Size
1,855 SF
Property subtype
Residential Income
Amenities
Ceiling Fan(s), Central Air
Central
Crawl Space
Dishwasher, Electric Range, Range Hood, Refrigerator
Ceiling Fan(s)
Other
Building Details
Building Size
1,855 SF
Year Built
1983
Stories
1
Listing Agency:
CAROLINA ONE REAL ESTATE
(843) 830-0027
Listed By:
Matthew W Poole
(843) 830-0027
Source:
Evrealestate
Added: Feb 23
Changed: Aug 30
Last Checked: Aug 30 at 2:14PM
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 duplex, identified as units A and B, was built in 1983 and offers a two-unit residential configuration. Interior features include central air, ceiling fans, crawl-space construction, and kitchens equipped with dishwashers, electric ranges, range hoods, and refrigerators.
The property is located on Theresa Drive in Charleston, within Charleston County. Access is provided from the James Island Connector via the Harborview exit, followed by Theresa Drive entrances.
The property is located on Theresa Drive in Charleston, within Charleston County. Access is provided from the James Island Connector via the Harborview exit, followed by Theresa Drive entrances.
Key Highlights
- Duplex configured as units A and B
- Built in 1983
- Central air and ceiling fans
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
$24,296
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
5.22%
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%
$485,920
$485.9K
Cap Rate 7%
$347,086
$347.1K
Cap Rate 9%
$269,956
$270.0K
Market Conditions
NOI Build-Up for 1,855 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
$36.7K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$34.7K $18.71/SF
− OpEx
−$10.4K −$5.61/SF
NOI
$24.3K $13.10/SF
Area
Charleston, SC
Vacancy
5.50%
Lease Rate
$19.80 /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%
$485,920
Cap Rate 7%
$347,086
Cap Rate 9%
$269,956
Alternative Uses
Best Use
Multifamily LT 5
$347.1K
$303.7K – $404.9K
NOI $24,296 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.3K
NOI $22,516 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$502.0K
$439.3K – $585.7K
NOI $35,140 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 29412, SC
39,687
Population
18,429
Households
2.2
Avg Household Size
40
Median Age
55%
College-Educated
96%
High-School Grad
39.2 sq mi
ZIP Area
1,012
Density / Sq Mi
$99,443
Median Household Income
$54,757
Median Earnings
$1,744
Median Rent
$458,000
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?
Duplex - Two-unit residential income property with central air, individual unit designations, and practical kitchen appliances.
Where is this duplex located?
The property is located at 1543 Theresa Drive A And B Charleston, SC.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex configured as units A and B; Built in 1983; Central air and ceiling fans
