Renovated Duplex with Private
For Sale
$759,000
1757 Skinner Ave Unit A & B, Charleston, SC 29407
Two updated residences offer separate fenced yards and modern kitchens.
Property Size1,920 SF
Price / SF$395.31
Days on Market70
Property Features for 1757 Skinner Ave Unit A & B
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
fenced backyard
private patio
tankless water heaters
Building Details
Year Built
1957
Year Renovated
2025
Listing Agency:
The Boulevard Company
(843) 806-9830
Listed By:
Morgan Wininger
Source:
Findyourcharlestonareahome
Added: Jun 23
Changed: Aug 28
Last Checked: Aug 29 at 10:31AM
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 The Boulevard Company
Investment Insights
Based on property information with market context.
This duplex contains two renovated residences with a combined 1,920 square feet. Unit A has 2 bedrooms and 1 bathroom, while Unit B includes 3 bedrooms and 2 bathrooms. Both units feature updated kitchens, refreshed interiors, luxury vinyl plank flooring, new windows, updated lighting, and fresh interior paint. The renovation, completed in late 2025, also included electrical, plumbing, HVAC, and tankless water heater upgrades. Separate water meters serve the units.
Each residence has its own fenced backyard and private patio. The property is located in West Ashley at 1757 Skinner Ave Unit A & B, Charleston, SC 29407, less than 15 minutes from Downtown Charleston and within walking distance of the West Ashley Greenway. Shopping, dining, and everyday conveniences are minutes away.
Each residence has its own fenced backyard and private patio. The property is located in West Ashley at 1757 Skinner Ave Unit A & B, Charleston, SC 29407, less than 15 minutes from Downtown Charleston and within walking distance of the West Ashley Greenway. Shopping, dining, and everyday conveniences are minutes away.
Key Highlights
- Two‑unit duplex with 1,920 square feet
- Unit A: 2 bedrooms and 1 bathroom; Unit B: 3 bedrooms and 2 bathrooms
- Down‑to‑the‑studs renovation completed in late 2025
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
$25,148
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
3.31%
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%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 1,920 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
$38.0K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$35.9K $18.71/SF
− OpEx
−$10.8K −$5.61/SF
NOI
$25.1K $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%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$332.9K
$291.3K – $388.4K
NOI $23,305 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$519.6K
$454.6K – $606.2K
NOI $36,371 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer separate fenced yards and modern kitchens.
Where is this duplex located?
The property is located at 1757 Skinner Ave Unit A & B Charleston, SC.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,920 square feet; Unit A: 2 bedrooms and 1 bathroom; Unit B: 3 bedrooms and 2 bathrooms; Down‑to‑the‑studs renovation completed in late 2025
