Renovated Two-Unit
New
For Sale
$280,000
4331 Andrews Street, North Charleston, SC 29418
Two separate residences offer updated interiors and individual mini-split air-conditioning systems.
Property Size989 SF
Price / SF$283.11
Days on Market3
Property Features for 4331 Andrews Street
General Information
Standard status
Active
Size
989 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Ashley Acres
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
mini-split air conditioning
Building Details
Year Built
1945
Buildings
1
Listing Agency:
Era Wilder Realty Inc
Listed By:
Matt O'Neill Real Estate
(843) 619-0401
Source:
Mattoneillrealestate
Added: Oct 28
Last Checked: Oct 28 at 2:41PM
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 Era Wilder Realty Inc
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Investment Insights
Based on property information with market context.
This 989-square-foot duplex, built in 1945, contains two separate units, each with one bedroom and one bathroom. Updates include new flooring and appliances in both residences, fresh interior paint, a new roof, and mini-split air-conditioning systems for each unit. Unit B is currently rented and may be shown with an acceptable offer.
The property is in North Charleston near Joint Base Charleston, Bosch, and Boeing, providing proximity to those employment centers.
The property is in North Charleston near Joint Base Charleston, Bosch, and Boeing, providing proximity to those employment centers.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 989 square feet; built in 1945
- New flooring, appliances, and mini‑split air‑conditioning systems in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,055
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,100
$261.1K
Cap Rate 7%
$186,500
$186.5K
Cap Rate 9%
$145,056
$145.1K
Market Conditions
NOI Build-Up for 989 SF
Gross rent
$19.9K $20.16/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$18.7K $18.86/SF
− OpEx
−$5.6K −$5.66/SF
NOI
$13.1K $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 Rate 5%
$261,100
Cap Rate 7%
$186,500
Cap Rate 9%
$145,056
Alternative Uses
Best Use
Multifamily LT 5
$186.5K
$163.2K – $217.6K
NOI $13,055 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,167 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$268.6K
$235.0K – $313.3K
NOI $18,799 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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Business Placement
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer updated interiors and individual mini-split air-conditioning systems.
Where is this duplex located?
The property is located at 4331 Andrews Street North Charleston, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 989 square feet; built in 1945; New flooring, appliances, and mini‑split air‑conditioning systems in both units
