Three-Unit Triplex with 2BR
For Sale
$299,000
1814 English Street, North Charleston, SC 29405
As-is multifamily property with consistent two-bedroom, one-bath layouts across all residences.
Property Size2,178 SF
Price / SF$137.28
Days on Market8
Property Features for 1814 English Street
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$299,000
Multifamily Units
3
Building Details
Year Built
1955
Listing Agency:
Carolina One Real Estate
(843) 779-8660
Listed By:
Matt O'Neill Real Estate
(843) 619-0401
Source:
Mattoneillrealestate
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 22 at 5:06PM
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 Carolina One Real Estate
Investment Insights
Based on property information with market context.
This 2,178-square-foot triplex contains three residential units, each arranged with two bedrooms and one bathroom. The property is offered strictly in its present condition, with no seller repairs planned, making the existing configuration the starting point for improvements.
The building sits on English Street in North Charleston, near the Navy Yard redevelopment and refinery area. Spruill Avenue is nearby, with I-26 providing regional highway access and area retail located close to the property. Built in 1955, the asset offers a three-unit residential income configuration in an established commercial corridor.
The building sits on English Street in North Charleston, near the Navy Yard redevelopment and refinery area. Spruill Avenue is nearby, with I-26 providing regional highway access and area retail located close to the property. Built in 1955, the asset offers a three-unit residential income configuration in an established commercial corridor.
Key Highlights
- Three‑unit multifamily property with 2,178 square feet
- All three units feature a 2BR/1BA layout
- Offered strictly as‑is; seller will make no repairs
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
$26,795
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
8.96%
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%
$535,900
$535.9K
Cap Rate 7%
$382,786
$382.8K
Cap Rate 9%
$297,722
$297.7K
Market Conditions
NOI Build-Up for 2,178 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
$52.3K $24.00/SF
− Vacancy
−$3.6K −$1.63/SF
EGI
$48.7K $22.37/SF
− OpEx
−$21.9K −$10.07/SF
NOI
$26.8K $12.30/SF
Area
North Charleston, SC
Vacancy
6.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
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%
$535,900
Cap Rate 7%
$382,786
Cap Rate 9%
$297,722
Alternative Uses
Best Use
Multifamily LT 5
$410.7K
$359.4K – $479.2K
NOI $28,750 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$382.8K
$334.9K – $446.6K
NOI $26,795 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$591.4K
$517.5K – $690.0K
NOI $41,399 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
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Business Placement
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
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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 - As-is multifamily property with consistent two-bedroom, one-bath layouts across all residences.
Where is this triplex located?
The property is located at 1814 English Street North Charleston, SC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,178 square feet; All three units feature a 2BR/1BA layout; Offered strictly as‑is; seller will make no repairs
