Three-Unit Triplex with 2BR
For Sale
$299,000
Pending
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
Days on Market29
Property Features for 1814 English Street
General Information
Standard status
Pending
Size
2,178 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$299,000
Multifamily Units
3
Building Details
Year Built
1955
Listing Agency:
Group Realty
Listed By:
Matt O'Neill Real Estate
(843) 619-0401
Source:
Mattoneillrealestate
Added: Sep 16
Changed: Oct 13
Last Checked: Oct 12 at 7:45PM
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 Group Realty
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 / Yr
$26,795
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
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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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 - 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
