Triplex Property with
New
For Sale
$1,500,000
4 Oakdale Pl, Charleston, SC 29407
Flexible configuration combines a primary residence with two separately accessed rental apartments.
Property Size3,596 SF
Price / SF$417.13
Days on Market6
Property Features for 4 Oakdale Pl
General Information
Standard status
Active
Size
3,596 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
workshop
screened-in porch
balcony
Building Details
Year Built
1955
Buildings
2
Listing Agency:
Brand Name Real Estate
Listed By:
Shawn Bergen
(843) 416-2000
Source:
Charlestonareahousehunt
Added: Sep 12
Changed: Sep 17
Last Checked: Sep 16 at 8:58PM
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 Brand Name Real Estate
Investment Insights
Based on property information with market context.
Built in 1955, this 3,596-square-foot triplex property combines a primary residence with two additional apartment units. The main home includes three bedrooms and three baths, with two bedrooms and two baths on the principal level, along with a dining room, office converted to a bar, and screened porch. An upper-level addition provides a large bedroom, bath, exterior entry, and balcony.
Each apartment includes a living area, kitchen space, one bedroom, and one bath. The apartments are separated from the main residence by landscaped areas and share paved parking and green space. Four electric meters serve the apartments and the two levels of the main home, while the water service is shared. A large workshop adds dedicated project and storage space. The property is located in the historic district of West Ashley and has views toward Downtown Charleston and Charleston Harbor.
Each apartment includes a living area, kitchen space, one bedroom, and one bath. The apartments are separated from the main residence by landscaped areas and share paved parking and green space. Four electric meters serve the apartments and the two levels of the main home, while the water service is shared. A large workshop adds dedicated project and storage space. The property is located in the historic district of West Ashley and has views toward Downtown Charleston and Charleston Harbor.
Key Highlights
- 3,596‑square‑foot triplex property built in 1955
- Main residence includes 3 bedrooms and 3 baths
- Two apartments each offer a living area, kitchen space, 1 bedroom, and 1 bath
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
$47,099
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
3.14%
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%
$941,980
$942.0K
Cap Rate 7%
$672,843
$672.8K
Cap Rate 9%
$523,322
$523.3K
Market Conditions
NOI Build-Up for 3,596 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
$71.2K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$67.3K $18.71/SF
− OpEx
−$20.2K −$5.61/SF
NOI
$47.1K $13.10/SF
Area
Charleston, SC
Vacancy
5.50%
Lease Rate
$19.80 /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%
$941,980
Cap Rate 7%
$672,843
Cap Rate 9%
$523,322
Alternative Uses
Best Use
Multifamily LT 5
$672.8K
$588.7K – $785.0K
NOI $47,099 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$623.6K
$545.6K – $727.5K
NOI $43,649 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$973.1K
$851.5K – $1.14M
NOI $68,120 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,012
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
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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 - Flexible configuration combines a primary residence with two separately accessed rental apartments.
Where is this triplex located?
The property is located at 4 Oakdale Pl Charleston, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,596‑square‑foot triplex property built in 1955; Main residence includes 3 bedrooms and 3 baths; Two apartments each offer a living area, kitchen space, 1 bedroom, and 1 bath
