Tenant-Occupied
For Sale
$695,000
Pending
975 Harbor View Road, Charleston, SC 29412
A two-unit residential income property with in-place tenants and General Business zoning.
Property Size1,958 SF
Days on Market627
Property Features for 975 Harbor View Road
General Information
Standard status
Pending
Size
1,958 SF
Property subtype
Residential Income
Zoning
General Business
Site & Location
Neighborhood
Stiles Point
Road Access
Yes
Additional Details
Tenant in Place
Yes
Amenities
parking
natural light
Building Details
Year Built
1970
Buildings
2
Tenancy
Multi
Listing Agency:
SCSold LLC
Listed By:
Brett Kelley
(843) 896-6166
Source:
Findhomessc
Added: Feb 12, 2025
Changed: Oct 31
Last Checked: Oct 31 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 SCSold LLC
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Investment Insights
Based on property information with market context.
Built in 1970, this 1,958-square-foot duplex has tenants in place and on-site parking. Natural light is a feature of the two-unit property, which is part of a two-property portfolio on Harbor View Road in Charleston.
The property is zoned General Business within the City of Charleston. The source information identifies retail and fast-food uses among the zoning’s permitted possibilities. The portfolio’s two parcels may be combined for future development.
The property is zoned General Business within the City of Charleston. The source information identifies retail and fast-food uses among the zoning’s permitted possibilities. The portfolio’s two parcels may be combined for future development.
Key Highlights
- Two‑unit duplex with tenants in place
- 1,958 square feet; built in 1970
- General Business zoning in the City of Charleston
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,645
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,900
$512.9K
Cap Rate 7%
$366,357
$366.4K
Cap Rate 9%
$284,944
$284.9K
Market Conditions
NOI Build-Up for 1,958 SF
Gross rent
$38.8K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$36.6K $18.71/SF
− OpEx
−$11.0K −$5.61/SF
NOI
$25.6K $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 Rate 5%
$512,900
Cap Rate 7%
$366,357
Cap Rate 9%
$284,944
Alternative Uses
Best Use
Multifamily LT 5
$366.4K
$320.6K – $427.4K
NOI $25,645 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$339.5K
$297.1K – $396.1K
NOI $23,767 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$529.9K
$463.6K – $618.2K
NOI $37,091 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
181
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit residential income property with in-place tenants and General Business zoning.
Where is this duplex located?
The property is located at 975 Harbor View Road Charleston, SC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑unit duplex with tenants in place; 1,958 square feet; built in 1970; General Business zoning in the City of Charleston
