Duplex with Existing
New
For Sale
$295,000
218 Parlor Drive, Ladson, SC 29456
Residential Income, Ladson, SC
Property Size1,708 SF
Lot Size0.23 Acres
Price / SF$172.72
Days on Market2
Property Features for 218 Parlor Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Subdivision
Plantation Ridge
Elementary school
Oakbrook
Middle school
Oakbrook
High school
Ft. Dorchester
Directions
Dorchester Road To Parlor Drive 3rd Street On The Left
Standard status
Active
Size
1,708 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Building materials
Brick Veneer, Wood Siding
Listing Agency:
RE/MAX Southern Shores · RE/MAX International
(843) 767-7777
Listed By:
Walter Barton
(843) 767-7777
Added: Aug 31
Last Checked: Sep 1 at 6:06PM
MLS# 26024545
Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,708 square feet on a 0.23-acre lot and includes four listed bedrooms. Built in 1984, the property features brick veneer and wood siding, central air, and a heat pump heating system. Public water and public sewer serve the property.
One tenant currently occupies the property under a month-to-month arrangement, with 24-hour notice required for access. The seller will make no repairs, and the property is being sold as-is. The property is located in Ladson, South Carolina, within Dorchester County.
One tenant currently occupies the property under a month-to-month arrangement, with 24-hour notice required for access. The seller will make no repairs, and the property is being sold as-is. The property is located in Ladson, South Carolina, within Dorchester County.
Key Highlights
- Duplex with 1,708 square feet on a 0.23‑acre lot
- One tenant in place on a month‑to‑month basis
- Four listed bedrooms
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
$19,362
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
6.56%
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%
$387,240
$387.2K
Cap Rate 7%
$276,600
$276.6K
Cap Rate 9%
$215,133
$215.1K
Market Conditions
NOI Build-Up for 1,708 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
$29.7K $17.40/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$27.7K $16.19/SF
− OpEx
−$8.3K −$4.86/SF
NOI
$19.4K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /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%
$387,240
Cap Rate 7%
$276,600
Cap Rate 9%
$215,133
Alternative Uses
Best Use
Multifamily LT 5
$276.6K
$242.0K – $322.7K
NOI $19,362 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.8K
NOI $17,869 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,475 @ 7.0% cap · market cap 30.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 29456, SC
37,577
Population
16,136
Households
2.3
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
2,076
Density / Sq Mi
$79,038
Median Household Income
$41,683
Median Earnings
$1,473
Median Rent
$244,400
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 - Four-bedroom duplex offered as-is with one month-to-month tenant and public water and sewer service.
Where is this duplex located?
The property is located at 218 Parlor Drive Ladson, SC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Duplex with 1,708 square feet on a 0.23‑acre lot; One tenant in place on a month‑to‑month basis; Four listed bedrooms
