Renovated Duplex With Private
For Sale
Under Contract
$450,000
2351 Sorentrue Avenue, North Charleston, SC 29405
Residential Income, North Charleston, SC
Property Size1,582 SF
Lot Size0.14 Acres
Price / SF$284.45
Days on Market67
Property Features for 2351 Sorentrue Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4
Interior features
Ceiling Fan(s)
Subdivision
Dorchester Terrace
Elementary school
Meeting Street Elementary at Brentwood
Middle school
Morningside
High school
North Charleston
Directions
Take Hwy 26 To Exit 216b For Sc-7 Cosgove Ave Towards Naval Base Turn Left Onto Azalea Dr And Turn Right Onto Sorentrue Ave.gps
Standard status
Active Under Contract
Size
1,582 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1944
Floors in Building
1
Number of units
2
Roof type
Asphalt
Listing Agency:
AgentOwned Realty
(843) 725-5059
Listed By:
Haydee Irizarry
(843) 725-5059
Added: Jun 24
Changed: Aug 19
Last Checked: Aug 29 at 5:06PM
MLS# 26018539
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 property contains two renovated residences totaling 1,582 square feet on a 0.14-acre lot. The primary home includes 3 bedrooms, 2 bathrooms, and a covered carport, while the second residence provides 2 bedrooms and 2 bathrooms. Each unit has a private driveway, and both homes feature new appliances and updated interior finishes.
Built in 1944, the property has central air, heat pump and electric heating, ceiling fans, an asphalt roof, public water, and public sewer. Its North Charleston location is 12 minutes from downtown Charleston and provides access to shopping, restaurants, entertainment, and major highways.
Built in 1944, the property has central air, heat pump and electric heating, ceiling fans, an asphalt roof, public water, and public sewer. Its North Charleston location is 12 minutes from downtown Charleston and provides access to shopping, restaurants, entertainment, and major highways.
Key Highlights
- Two renovated residences with 1,582 square feet combined
- Main home includes 3 bedrooms, 2 bathrooms, and a covered carport
- Second residence offers 2 bedrooms and 2 bathrooms
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
$20,883
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
4.64%
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%
$417,660
$417.7K
Cap Rate 7%
$298,329
$298.3K
Cap Rate 9%
$232,033
$232.0K
Market Conditions
NOI Build-Up for 1,582 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
$31.9K $20.16/SF
− Vacancy
−$2.1K −$1.30/SF
EGI
$29.8K $18.86/SF
− OpEx
−$8.9K −$5.66/SF
NOI
$20.9K $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 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%
$417,660
Cap Rate 7%
$298,329
Cap Rate 9%
$232,033
Alternative Uses
Best Use
Multifamily LT 5
$298.3K
$261.0K – $348.1K
NOI $20,883 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$429.6K
$375.9K – $501.2K
NOI $30,071 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
582
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
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 - Two updated residences offer a combined five bedrooms, four bathrooms, and separate covered parking access.
Where is this duplex located?
The property is located at 2351 Sorentrue Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two renovated residences with 1,582 square feet combined; Main home includes 3 bedrooms, 2 bathrooms, and a covered carport; Second residence offers 2 bedrooms and 2 bathrooms
