24-Unit Brick Garden
New
For Sale
$3,600,000
1731 W Avalon Circle, Charleston, SC 29407
Two adjoining parcels contain renovated one-bedroom homes with on-site laundry.
Property Size1,971 SF
Lot Size0.75 Acres
Price / SF$214.29
Days on Market7
Property Features for 1731 W Avalon Circle
General Information
Standard status
Active
Size
1,971 SF
Lot size
0.75 Acres
Property subtype
Apartment
Site & Location
Neighborhood
Ashley Hall Manor
Units
Unit Mix
24 x 1BR/1BA
Multifamily Units
24
Additional Details
Tenant in Place
Yes
Amenities
on-site laundry
Public Sewer
Additional parcels description:, Parcel Number: 3521300183, Assessed Value: $2.44e+06
Central Air
Heat Pump
Common Area
Listing ID: CAR4431511, Standard Status: Active, MLS Status: Active, Property Subtype: Apartment, 3 days on market, Special Conditions: None
Parking Lot
Elementary School: None, Middle School: None, High School: None
24 total bedrooms
Built in 1971, Living area: 16800, Construction Materials: Brick Full
County/Parish: Charleston
24 full bathrooms
Water Source: City
Slab
Allowed: Call
Road Responsibility: Publicly Maintained Road, Road Surface: Asphalt, Paved
Building Details
Building Size
1,971 SF
Year Built
1971
Buildings
2
Construction
brick garden
Listing Agency:
Andrew Reed Properties, LLC
(704) 576-4322
Listed By:
Jeff Shugarts Jr
(832) 515-1289
Source:
Blackstreaminternational
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 3:42PM
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 Andrew Reed Properties, LLC
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Investment Insights
Based on property information with market context.
The Avalon comprises 24 one-bedroom, one-bath apartments across two brick garden-style buildings, with 16,800 square feet in total. Each residence measures 700 square feet and features LVP flooring, white shaker cabinets, updated countertops, stainless steel appliances, and refreshed bathrooms. Laundry facilities are on site. Building exteriors were painted, and roofs and windows were replaced in 2024.
The buildings sit on two adjoining parcels totaling 0.75 acres in West Ashley, within the City of Charleston. The offering includes 1731 W Avalon Circle and 1724 Ashley Hall Road.
The buildings sit on two adjoining parcels totaling 0.75 acres in West Ashley, within the City of Charleston. The offering includes 1731 W Avalon Circle and 1724 Ashley Hall Road.
Key Highlights
- 24 apartments, each with one bedroom, one bathroom, and 700 SF
- Two brick garden buildings on adjoining parcels totaling 0.75 acres
- Roof and window replacements completed in 2024; exteriors painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,922
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,078,440
$4.1M
Cap Rate 7%
$2,913,171
$2.9M
Cap Rate 9%
$2,265,800
$2.3M
Market Conditions
NOI Build-Up for 16,800 SF
Gross rent
$391.1K $23.28/SF
− Vacancy
−$20.3K −$1.21/SF
EGI
$370.8K $22.07/SF
− OpEx
−$166.8K −$9.93/SF
NOI
$203.9K $12.14/SF
Area
Charleston, SC
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,078,440
Cap Rate 7%
$2,913,171
Cap Rate 9%
$2,265,800
Alternative Uses
Best Use
Apartment 5plus
$2.91M
$2.55M – $3.40M
NOI $203,922 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.30M
NOI $318,246 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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Business Placement
Demographics for 29407, SC
35,373
Population
18,723
Households
1.9
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,297
Density / Sq Mi
$80,568
Median Household Income
$51,827
Median Earnings
$1,388
Median Rent
$407,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjoining parcels contain renovated one-bedroom homes with on-site laundry.
Where is this apartment building located?
The property is located at 1731 W Avalon Circle Charleston, SC.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 24 apartments, each with one bedroom, one bathroom, and 700 SF; Two brick garden buildings on adjoining parcels totaling 0.75 acres; Roof and window replacements completed in 2024; exteriors painted
