Historic Charleston Single
For Sale
$980,000
17 Maverick St, Charleston, SC 29403
Tenant-occupied triplex offering historic residential character and renovation scope.
Property Size2,589 SF
Price / SF$378.52
Days on Market141
Property Features for 17 Maverick St
General Information
Standard status
Active
Size
2,589 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
awaiting renovations
Additional Details
Multifamily Units
3
Building Details
Year Built
1916
Construction
Charleston Single
Listing Agency:
Changing Lives Forever Home Solutions
(843) 324-0090
Listed By:
Randeshia Johnson
Source:
Greatercharlestonhomesource
Added: Apr 11
Changed: Aug 28
Last Checked: Aug 29 at 10:29AM
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 Changing Lives Forever Home Solutions
Investment Insights
Based on property information with market context.
Built in 1916, this Charleston Single triplex contains 3 tenant-occupied units within 2,589 square feet. The property retains period architectural character and presents a renovation project for a buyer seeking to rework the interiors while preserving the building’s residential identity.
The property is located at 17 Maverick St in Charleston, near Hampton Park and local restaurants. MUSC, the College of Charleston, and the Citadel are described as minutes away, placing the asset near established institutional and neighborhood destinations.
The property is located at 17 Maverick St in Charleston, near Hampton Park and local restaurants. MUSC, the College of Charleston, and the Citadel are described as minutes away, placing the asset near established institutional and neighborhood destinations.
Key Highlights
- Triplex with 3 tenant‑occupied units
- 2,589 square feet of residential space
- Built in 1916
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
$33,910
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
3.46%
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%
$678,200
$678.2K
Cap Rate 7%
$484,429
$484.4K
Cap Rate 9%
$376,778
$376.8K
Market Conditions
NOI Build-Up for 2,589 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
$51.3K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$48.4K $18.71/SF
− OpEx
−$14.5K −$5.61/SF
NOI
$33.9K $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%
$678,200
Cap Rate 7%
$484,429
Cap Rate 9%
$376,778
Alternative Uses
Best Use
Multifamily LT 5
$484.4K
$423.9K – $565.2K
NOI $33,910 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$448.9K
$392.8K – $523.8K
NOI $31,426 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$700.6K
$613.1K – $817.4K
NOI $49,044 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
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?
Triplex - Tenant-occupied triplex offering historic residential character and renovation scope.
Where is this triplex located?
The property is located at 17 Maverick St Charleston, SC.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Triplex with 3 tenant‑occupied units; 2,589 square feet of residential space; Built in 1916
