Charleston Multi-Family Investment
166 President Charleston, SC 29403
166 President, Charleston, SC, 29403
$800,000
For Sale
$800,000
MULTI_FAMILY - Charleston, SC
Property Size2,256 SF
Lot Size0.06 Acres
Price / SF$354.61
Days on Market69
Property Features for 166 President
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1
- Standard status
- Active
- Size
- 2,256 SF
- Lot size
- 0.06 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Vinyl Siding
- Roof type
- Metal
Listing Agency
AgentOwned Realty
(843) 725-5059
Mount Pleasant, SC
Listed by
Teddy Nelson
(843) 725-5059
Added: May 14 Updated: Jul 12 at 4:38 am Checked: Jul 21 at 1:06 am
MLS# 26014035
Listing URL
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.
This three-unit multi-family home is located in Downtown Charleston, SC, and presents an investment opportunity. The property offers income potential for long-term tenants and the possibility of short-term rental income. The home includes three distinct units. Unit A features 2 bedrooms and 1 bathroom, Unit B has 3 bedrooms and 2 bathrooms, and Unit C offers 1 bedroom and 1 bathroom. The property's location provides walkability to MUSC, The Citadel Military College, and the VA Hospital, as well as amenities like Publix. Classic Charleston charm is evident throughout, with features such as wood floors, a private balcony, and a brick fence. The property is situated on a lot of 0.06 acres and the property size is 2256 square feet.
Key Highlights
- 3‑unit multi‑family home built in 1935, featuring a total of 6 bedrooms across the three units
- Unit A: 2 bed, 1 bath; Unit B: 3 bed, 2 bath; Unit C: 1 bed, 1 bath
- Public water and public sewer services
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 | $44.7k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.2k | $18.71 |
| − OpEx | −$12.7k | −$5.61 |
| NOI | $29.5k | $13.10 |
2,256 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.1K
$369.4K – $492.5K
NOI $29,548 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,384 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$610.5K
$534.2K – $712.3K
NOI $42,736 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with income potential in Downtown Charleston, SC.
Where is this triplex located?
The property is located at 166 President Charleston, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3‑unit multi‑family home built in 1935, featuring a total of 6 bedrooms across the three units; Unit A: 2 bed, 1 bath; Unit B: 3 bed, 2 bath; Unit C: 1 bed, 1 bath; Public water and public sewer services
