Two-Bedroom Duplex with
New
For Sale
$222,000
406 Erskine Street, Ladson, SC 29456
Residential, Ladson, SC
Property Size1,067 SF
Lot Size0.10 Acres
Price / SF$208.06
Days on Market6
Property Features for 406 Erskine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Family Room, Bathroom 2, Bedroom 1, Dining Room, Bedroom 2
Parking
1
Parking features
Garage
Window features
Window Treatments
Interior features
Walk-In Closet(s), Ceiling Fan(s), Family, Separate Dining
Fencing
Privacy, Fenced
Fireplace
1
Subdivision
College Park Duplexes
Lot features
Level
Elementary school
College Park
Middle school
College Park
High school
Stratford
Directions
From College Park Rd, Turn Onto Miami...make A Right Onto Winthrop Then Left Onto Erskine.
Standard status
Active
Size
1,067 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Water source
Public
Amenities
screened patio
fireplace
community pool
gym
dog park
picnic area with tables and grills
Building Details
Year built
1986
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Brick Veneer, Vinyl Siding
Listing Agency:
Century 21 Properties Plus · Century 21 Real Estate
(843) 871-2121
Listed By:
Machelle Cox
(843) 871-2121
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 21 at 12:06PM
MLS# 26023324
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-bedroom, 2-bath duplex offers 1067 square feet with a layout that connects the family room, dining area, and kitchen. The family room includes a fireplace, while the kitchen provides pantry storage and the primary bedroom features a full bath and walk-in closet. A screened patio extends from the living area and primary bedroom. The property also includes a 1-car garage, a 10' driveway extension, and a privacy-fenced backyard.
Located at 406 Erskine Street in Ladson, the home is part of College Park Duplexes, which provides a community pool, gym, dog park, and picnic area with tables and grills. HOA services cover front- and side-yard lawn care and annual pressure washing. Bedroom windows have been replaced, and additional replacement windows are wrapped and ready for installation in the garage. The home was built in 1986 and has public water and public sewer.
Located at 406 Erskine Street in Ladson, the home is part of College Park Duplexes, which provides a community pool, gym, dog park, and picnic area with tables and grills. HOA services cover front- and side-yard lawn care and annual pressure washing. Bedroom windows have been replaced, and additional replacement windows are wrapped and ready for installation in the garage. The home was built in 1986 and has public water and public sewer.
Key Highlights
- 2‑bedroom, 2‑bath duplex with 1067 square feet
- 1‑car garage, 10' driveway extension, and privacy‑fenced backyard
- Family room fireplace with access to a screened patio
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
$12,095
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
5.45%
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%
$241,900
$241.9K
Cap Rate 7%
$172,786
$172.8K
Cap Rate 9%
$134,389
$134.4K
Market Conditions
NOI Build-Up for 1,067 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
$18.6K $17.40/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$17.3K $16.19/SF
− OpEx
−$5.2K −$4.86/SF
NOI
$12.1K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /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%
$241,900
Cap Rate 7%
$172,786
Cap Rate 9%
$134,389
Alternative Uses
Best Use
Multifamily LT 5
$172.8K
$151.2K – $201.6K
NOI $12,095 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$159.5K
$139.5K – $186.1K
NOI $11,163 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$798.5K
$698.7K – $931.6K
NOI $55,896 @ 7.0% cap · market cap 25.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 29456, SC
37,577
Population
16,136
Households
2.3
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
2,076
Density / Sq Mi
$79,038
Median Household Income
$41,683
Median Earnings
$1,473
Median Rent
$244,400
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 - Bright duplex residence with a fireplace, screened patio, fenced backyard, and access to neighborhood amenities.
Where is this duplex located?
The property is located at 406 Erskine Street Ladson, SC.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath duplex with 1067 square feet; 1‑car garage, 10' driveway extension, and privacy‑fenced backyard; Family room fireplace with access to a screened patio
