Five-Unit Apartment
2201 Boundary Street Beaufort, SC 29902
2201 Boundary Street, Beaufort, SC, 29902
$280,000
For Sale
Under Contract
$280,000
COMMERCIAL - Beaufort, SC
Property Size1,196 SF
Lot Size0.03 Acres
Price / SF$234.11
Days on Market135
Property Features for 2201 Boundary Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Parking features
- Parking Lot
- Standard status
- Active Under Contract
- APN
- R120-001-000-0271-0105
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Description
- SUITE 105 CAROLINA COVE PB 32 P 183
- Tax Annual Amount
- 3041
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 5
Listing Agency
Principal Advisors
(800) 530-0549
1101 BAY ST STE 111, Beaufort, SC
Listed by
Gerald La Hay · License #141553
(843) 271-7511
Added: Mar 4 Checked: Jul 17 at 9:06 am
MLS# 194986
Copyright © 2026 Lowcountry 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.
Marsh Suites @ Carolina Cove is a for-sale multifamily property subdivided into five rental units within an approximately 1,196+-sf building. The configuration is designed for multiple tenancies, with certain units positioned to the rear to take advantage of marsh views. The listing is presented as an investment property.
The property is located at 2201 Boundary Street in Beaufort, South Carolina 29902, in Beaufort County. Zoning is listed as Commercial. The remarks indicate the property has maintained a fully leased rent roll since 01/01/2025, and they note that rear-facing units have marsh views.
For buyers or operators seeking a small, fixed-size rental asset, this offering provides five distinct rental units in a compact footprint. The stated full occupancy status since 01/01/2025 may be appealing to investors looking for immediate income characteristics. Interested parties should contact the listing broker for additional investment details referenced in the offering materials.
The property is located at 2201 Boundary Street in Beaufort, South Carolina 29902, in Beaufort County. Zoning is listed as Commercial. The remarks indicate the property has maintained a fully leased rent roll since 01/01/2025, and they note that rear-facing units have marsh views.
For buyers or operators seeking a small, fixed-size rental asset, this offering provides five distinct rental units in a compact footprint. The stated full occupancy status since 01/01/2025 may be appealing to investors looking for immediate income characteristics. Interested parties should contact the listing broker for additional investment details referenced in the offering materials.
Key Highlights
- 1,196+-sf property subdivided into 5 rental units
- Fully leased rent roll since 01/01/2025
- NOI of $30,711 and 10.97% cap rate
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.4k | $20.40 |
| − Vacancy | −$1.2k | −$1.02 |
| EGI | $23.2k | $19.38 |
| − OpEx | −$10.4k | −$8.72 |
| NOI | $12.7k | $10.66 |
1,196 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$182.1K
$159.4K – $212.5K
NOI $12,748 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coastal Pride Co ...
Take-out & Catering
Excape Beauty Salon ...
Hair Salon
Island Trendz
Hair Salon
Amedisys Palliative Care
Nursing Home
Smooth Beauty Bar
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five rental units with rear marsh views, fully leased since January 1, 2025.
Where is this apartment building located?
The property is located at 2201 Boundary Street Beaufort, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,196+-sf property subdivided into 5 rental units; Fully leased rent roll since 01/01/2025; NOI of $30,711 and 10.97% cap rate
