Renovation-Ready
For Sale
$980,000
17 Maverick Street, Charleston, SC 29403
Residential Income, Charleston, SC
Property Size2,589 SF
Lot Size0.07 Acres
Price / SF$378.52
Days on Market160
Property Features for 17 Maverick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Rooms
Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 5
Subdivision
North Central
Elementary school
James Simons
Middle school
James Simons
High school
Burke
Directions
From I26 Take Exit 219a For Rutledge Ave Towards The Citadel, Continue Onto Rutledge Ave. Turn Left Onto Maverick St. The Home Is On The Right
Standard status
Active
Size
2,589 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1916
Floors in Building
2
Number of units
3
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Changing Lives Forever Home Solutions
Listed By:
Randeshia Johnson
(843) 324-0090
Added: Apr 21
Changed: Sep 16
Last Checked: Sep 27 at 12:06PM
MLS# 26011417
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 2,589-square-foot triplex contains three residential units and is currently tenant occupied. Built in 1916, the property features wood siding, a metal roof, central heating, central air conditioning, and seven bedrooms. The interior is positioned for renovation, offering an opportunity to rework the existing layout while retaining the building’s established character.
The 0.07-acre property is served by public water and public sewer. Its Charleston setting places it near Hampton Park, local restaurants, MUSC, the College of Charleston, and the Citadel. The property is located at 17 Maverick Street in Charleston, South Carolina.
The 0.07-acre property is served by public water and public sewer. Its Charleston setting places it near Hampton Park, local restaurants, MUSC, the College of Charleston, and the Citadel. The property is located at 17 Maverick Street in Charleston, South Carolina.
Key Highlights
- Three‑unit residential income property
- 2,589 square feet on a 0.07‑acre lot
- Tenant occupied
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied Charleston property with three units, public utilities, and central heating and cooling.
Where is this triplex located?
The property is located at 17 Maverick Street 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: Three‑unit residential income property; 2,589 square feet on a 0.07‑acre lot; Tenant occupied
