Four-Unit Residential
2053 Marsia Ln, North Charleston, SC 29405
For Sale
New
$660,000
Each residence has two bedrooms, one bathroom, a living room, and an eat-in kitchen.
Property Size4,400 SF
Price / SF$150
Days on Market4
Property Features for 2053 Marsia Ln
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Tenant in Place
Building Details
Year Built
Listing Agency:
Matt O'Neill Real Estate
Listed By:
David Clausen
(843) 654-7777
Source:
Greatercharlestonhomesource
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:23AM
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 Matt O'Neill Real Estate
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Investment Insights
Based on property information with market context.
Built in 1978, this four-unit residential property contains 4,400 square feet. Each unit is configured with a living room, an eat-in kitchen, two bedrooms, and one bathroom. Unit B is currently occupied by a tenant.
The property is 1.6 miles from I-26, just over 2 miles from downtown Charleston, just over 3 miles from Park Circle, and 6 miles from Charleston International Airport.
The property is 1.6 miles from I-26, just over 2 miles from downtown Charleston, just over 3 miles from Park Circle, and 6 miles from Charleston International Airport.
Key Highlights
- Four separate units, each with two bedrooms and one bathroom
- 4,400‑square‑foot property built in 1978
- Each unit includes a living room and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,082
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,640
$1.2M
Cap Rate 7%
$829,743
$829.7K
Cap Rate 9%
$645,356
$645.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$88.7K $20.16/SF
− Vacancy
−$5.7K −$1.30/SF
EGI
$83.0K $18.86/SF
− OpEx
−$24.9K −$5.66/SF
NOI
$58.1K $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%
$1,161,640
Cap Rate 7%
$829,743
Cap Rate 9%
$645,356
Alternative Uses
Best Use
Multifamily LT 5
$829.7K
$726.0K – $968.0K
NOI $58,082 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$773.3K
$676.6K – $902.2K
NOI $54,131 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
406
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
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, one bathroom, a living room, and an eat-in kitchen.
Where is this quadplex located?
The property is located at 2053 Marsia Ln North Charleston, SC.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four separate units, each with two bedrooms and one bathroom; 4,400‑square‑foot property built in 1978; Each unit includes a living room and eat‑in kitchen
