Brick
New
For Sale
$650,000
2706 Crestline Drive, North Charleston, SC 29405
Residential Income, North Charleston, SC
Property Size2,360 SF
Lot Size0.17 Acres
Price / SF$275.42
Days on Market2
Property Features for 2706 Crestline Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 8
Interior features
Ceiling Fan(s)
Subdivision
Waylyn Annex
Elementary school
Meeting Street Elementary at Brentwood
Middle school
Brentwood
High school
North Charleston
Directions
Take Dorchester Rd To Leeds Ave. Leeds Ave Becomes Martha Ave. Turn Eft On Peacock, Then Right On Gordon. Left On Crestline.
Standard status
Active
Size
2,360 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1967
Floors in Building
1
Number of units
3
Building materials
Brick Veneer
Roof type
Asphalt
Listing Agency:
Matt O'Neill Real Estate
(843) 654-7777
Listed By:
Paul Kelton · License #117366
(843) 284-8460
Added: Oct 2
Last Checked: Oct 3 at 2:06PM
MLS# 26027465
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 2,360-square-foot triplex contains three single-story brick residences on a 0.17-acre parcel. Two homes have three bedrooms and one full bathroom apiece; the third has two bedrooms and one full bathroom. Washer and dryer connections are provided in every unit, with some appliances included. Renovations have been completed, and the property has a newer HVAC system. Built in 1967, the building rests on a slab foundation. Water is billed through one account, while usage is separately metered for each residence.
The property is approximately 1.5 miles from I-26, 4 miles from Charleston International Airport, 4.4 miles from Park Circle, and 6 miles from downtown Charleston. A CARTA bus stop is about three blocks away. Public water service and public sewer serve the property.
The property is approximately 1.5 miles from I-26, 4 miles from Charleston International Airport, 4.4 miles from Park Circle, and 6 miles from downtown Charleston. A CARTA bus stop is about three blocks away. Public water service and public sewer serve the property.
Key Highlights
- Three residences totaling 2,360 square feet on a 0.17‑acre parcel
- Two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Single‑story brick construction; built in 1967
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
$31,153
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
4.79%
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%
$623,060
$623.1K
Cap Rate 7%
$445,043
$445.0K
Cap Rate 9%
$346,144
$346.1K
Market Conditions
NOI Build-Up for 2,360 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
$47.6K $20.16/SF
− Vacancy
−$3.1K −$1.30/SF
EGI
$44.5K $18.86/SF
− OpEx
−$13.4K −$5.66/SF
NOI
$31.2K $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%
$623,060
Cap Rate 7%
$445,043
Cap Rate 9%
$346,144
Alternative Uses
Best Use
Multifamily LT 5
$445.0K
$389.4K – $519.2K
NOI $31,153 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$414.8K
$362.9K – $483.9K
NOI $29,034 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$640.8K
$560.7K – $747.7K
NOI $44,859 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
336
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences offer a two-bedroom layout alongside two larger three-bedroom plans.
Where is this triplex located?
The property is located at 2706 Crestline Drive North Charleston, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three residences totaling 2,360 square feet on a 0.17‑acre parcel; Two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Single‑story brick construction; built in 1967
