Two-Unit Residential
For Sale
$424,900
1820 Iris Street, North Charleston, SC 29405
Residential duplex with dishwasher, electric cooktop, and refrigerator included.
Property Size2,016 SF
Price / SF$210.76
Days on Market214
Property Features for 1820 Iris Street
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Residential Income
Amenities
Dishwasher, Electric Cooktop, Refrigerator
Building Details
Building Size
2,016 SF
Year Built
1992
Stories
1
Listed By:
Brad Williams
(843) 789-0734
Source:
Evrealestate
Added: Mar 18
Changed: Oct 3
Last Checked: Oct 16 at 8:32AM
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 Brad Williams
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Investment Insights
Based on property information with market context.
This two-unit residential duplex contains 2,016 square feet and was built in 1992. The property includes a dishwasher, electric cooktop, and refrigerator, with no additional interior features identified.
The duplex is located at 1820 Iris Street in North Charleston, South Carolina, within Charleston County. Access directions reference I-26, SC-7, Spruill Avenue, Calvert Street, and North Carolina Avenue.
The duplex is located at 1820 Iris Street in North Charleston, South Carolina, within Charleston County. Access directions reference I-26, SC-7, Spruill Avenue, Calvert Street, and North Carolina Avenue.
Key Highlights
- 2,016‑square‑foot duplex
- Built in 1992
- Two‑unit residential configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,612
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,240
$532.2K
Cap Rate 7%
$380,171
$380.2K
Cap Rate 9%
$295,689
$295.7K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$40.6K $20.16/SF
− Vacancy
−$2.6K −$1.30/SF
EGI
$38.0K $18.86/SF
− OpEx
−$11.4K −$5.66/SF
NOI
$26.6K $13.20/SF
Area
North Charleston, SC
Vacancy
6.46%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,240
Cap Rate 7%
$380,171
Cap Rate 9%
$295,689
Alternative Uses
Best Use
Multifamily LT 5
$380.2K
$332.7K – $443.5K
NOI $26,612 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$354.3K
$310.0K – $413.4K
NOI $24,802 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with dishwasher, electric cooktop, and refrigerator included.
Where is this duplex located?
The property is located at 1820 Iris Street North Charleston, SC.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,016‑square‑foot duplex; Built in 1992; Two‑unit residential configuration
