Residential Income Property with Private
For Sale
$269,500
507 Stinson Drive #8d, Charleston, SC 29407
Townhome offers an open layout, updated bath, and low-maintenance flooring.
Property Size898 SF
Price / SF$300.11
Days on Market87
Property Features for 507 Stinson Drive #8d
General Information
Standard status
Active
Size
898 SF
Property subtype
Multi-Family
Amenities
private patio
Building Details
Year Built
1978
Listing Agency:
BHHS Bay Street Realty Group
Listed By:
Marley Presswood Group
(843) 568-3212
Source:
Marleypresswood
Added: Jul 12
Changed: Sep 6
Last Checked: Aug 29 at 8:53PM
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 BHHS Bay Street Realty Group
Investment Insights
Based on property information with market context.
This 898-square-foot townhome, built in 1978, combines an open interior layout with practical updates. Luxury vinyl plank flooring runs through the main living areas, while the bathroom has been refreshed with contemporary finishes. Natural light contributes to the home's bright interior, and a private patio extends the usable living space outdoors.
The property is located at 507 Stinson Drive #8d in Charleston, near shopping, dining, and downtown Charleston. Its residential configuration, updated bath, durable flooring, and outdoor patio provide a straightforward offering for residential income ownership.
The property is located at 507 Stinson Drive #8d in Charleston, near shopping, dining, and downtown Charleston. Its residential configuration, updated bath, durable flooring, and outdoor patio provide a straightforward offering for residential income ownership.
Key Highlights
- 898‑square‑foot townhome built in 1978
- Luxury vinyl plank flooring in main living areas
- Updated bathroom with contemporary finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,900
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,000
$218.0K
Cap Rate 7%
$155,714
$155.7K
Cap Rate 9%
$121,111
$121.1K
Market Conditions
NOI Build-Up for 898 SF
Gross rent
$20.9K $23.28/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$19.8K $22.07/SF
− OpEx
−$8.9K −$9.93/SF
NOI
$10.9K $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 Rate 5%
$218,000
Cap Rate 7%
$155,714
Cap Rate 9%
$121,111
Alternative Uses
Best Use
Apartment 5plus
$155.7K
$136.3K – $181.7K
NOI $10,900 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.0K
$212.6K – $283.5K
NOI $17,011 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
864
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhome offers an open layout, updated bath, and low-maintenance flooring.
Where is this residential income property located?
The property is located at 507 Stinson Drive #8d Charleston, SC.
What is the asking price?
The asking price for this property is $269,500.
What are key features of this property?
This property features: 898‑square‑foot townhome built in 1978; Luxury vinyl plank flooring in main living areas; Updated bathroom with contemporary finishes
