8-Unit Apartment Community with
For Sale
$1,850,000
Pending
325 Tall Oak Ave, Charleston, SC 29407
Townhome-style residences offer private outdoor space and dedicated off-street parking in Charleston’s Avondale area.
Property Size7,200 SF
Days on Market60
Property Features for 325 Tall Oak Ave
General Information
Standard status
Pending
Size
7,200 SF
Property subtype
Multi-Family
Units
Multifamily Units
8
Parking per Unit
3
Additional Details
Gross Income
$165,000
Amenities
private courtyard
off-street parking
Building Details
Year Built
1967
Listing Agency:
Chamberlain Chesnut Real Estate
Listed By:
Chamberlain Chesnut
Source:
Findyourcharlestonhome
Added: Jul 1
Changed: Aug 28
Last Checked: Aug 28 at 9:44AM
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 Chamberlain Chesnut Real Estate
Investment Insights
Based on property information with market context.
This 8-unit apartment community consists of townhome-style residences averaging approximately 900 square feet each. The property totals 7,200 square feet and was built in 1967. Individual homes include private courtyards and off-street parking for two to three vehicles. One unit is vacant and identified for renovation and lease-up, while several occupied units are leased below market rates.
The property is within the City of Charleston and near Avondale restaurants, shops, and entertainment, including Pearlz Oyster Bar and Triangle Char & Bar. The existing multifamily configuration supports continued rental operations, with repositioning through unit renovations identified as one strategy. A condominium regime and individual townhome sales may also be considered, subject to applicable approvals.
The property is within the City of Charleston and near Avondale restaurants, shops, and entertainment, including Pearlz Oyster Bar and Triangle Char & Bar. The existing multifamily configuration supports continued rental operations, with repositioning through unit renovations identified as one strategy. A condominium regime and individual townhome sales may also be considered, subject to applicable approvals.
Key Highlights
- 8‑unit apartment community with townhome‑style residences
- 7,200 square feet built in 1967
- Residences average approximately 900 square feet each
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
$87,395
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
4.72%
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%
$1,747,900
$1.7M
Cap Rate 7%
$1,248,500
$1.2M
Cap Rate 9%
$971,056
$971.1K
Market Conditions
NOI Build-Up for 7,200 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
$167.6K $23.28/SF
− Vacancy
−$8.7K −$1.21/SF
EGI
$158.9K $22.07/SF
− OpEx
−$71.5K −$9.93/SF
NOI
$87.4K $12.14/SF
Area
Charleston, SC
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$1,747,900
Cap Rate 7%
$1,248,500
Cap Rate 9%
$971,056
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,395 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,391 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 29407, SC
35,373
Population
18,723
Households
1.9
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,297
Density / Sq Mi
$80,568
Median Household Income
$51,827
Median Earnings
$1,388
Median Rent
$407,300
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?
Apartment building - Townhome-style residences offer private outdoor space and dedicated off-street parking in Charleston’s Avondale area.
Where is this apartment building located?
The property is located at 325 Tall Oak Ave Charleston, SC.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 8‑unit apartment community with townhome‑style residences; 7,200 square feet built in 1967; Residences average approximately 900 square feet each
