Triplex with Separate Utility
For Sale
$570,000
5116 Twitty, North Charleston, SC 29406
Three individually metered units offer tenant-paid utilities and a mix of one-, three-, and four-bedroom layouts.
Property Size2,590 SF
Price / SF$220.08
Days on Market166
Property Features for 5116 Twitty
General Information
Standard status
Active
Size
2,590 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1955
Tenancy
Multi
Listing Agency:
Keller Williams Realty Charleston
Listed By:
Brian Beatty · License #62721
(843) 345-1273
Source:
Charlestonareahousehunt
Added: May 4
Changed: Oct 1
Last Checked: Oct 14 at 11:19PM
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 Keller Williams Realty Charleston
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Investment Insights
Based on property information with market context.
Built in 1955, this 2,590-square-foot triplex contains three residential units with distinct layouts: Unit A offers 4 bedrooms and 2 bathrooms, Unit C has 3 bedrooms and 1 bathroom, and Unit B provides 1 bedroom and 1 bathroom. Unit A and Unit C are leased on 12-month terms, while Unit B is leased month-to-month.
Each residence has a gas furnace, window-unit air conditioning, and separate water and power meters. Tenants pay their own utilities. Recent property work includes flooring, heating, plumbing, bathtub, and drainpipe improvements, along with a replacement driveway, backyard fencing, water boiler, and ranges in Units A and B. The property is located in North Charleston, South Carolina.
Each residence has a gas furnace, window-unit air conditioning, and separate water and power meters. Tenants pay their own utilities. Recent property work includes flooring, heating, plumbing, bathtub, and drainpipe improvements, along with a replacement driveway, backyard fencing, water boiler, and ranges in Units A and B. The property is located in North Charleston, South Carolina.
Key Highlights
- Three‑unit property with 2,590 square feet, built in 1955
- Unit mix includes 4/2, 3/1, and 1/1 layouts
- Separate water and power meters serve all 3 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,189
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,780
$683.8K
Cap Rate 7%
$488,414
$488.4K
Cap Rate 9%
$379,878
$379.9K
Market Conditions
NOI Build-Up for 2,590 SF
Gross rent
$52.2K $20.16/SF
− Vacancy
−$3.4K −$1.30/SF
EGI
$48.8K $18.86/SF
− OpEx
−$14.7K −$5.66/SF
NOI
$34.2K $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%
$683,780
Cap Rate 7%
$488,414
Cap Rate 9%
$379,878
Alternative Uses
Best Use
Multifamily LT 5
$488.4K
$427.4K – $569.8K
NOI $34,189 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$455.2K
$398.3K – $531.1K
NOI $31,863 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$703.3K
$615.4K – $820.5K
NOI $49,231 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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Business Placement
Demographics for 29406, SC
32,730
Population
14,542
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
82%
High-School Grad
15.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,640
Median Household Income
$36,741
Median Earnings
$1,305
Median Rent
$209,700
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
Frequently Asked Questions
What type of property is this?
Triplex - Three individually metered units offer tenant-paid utilities and a mix of one-, three-, and four-bedroom layouts.
Where is this triplex located?
The property is located at 5116 Twitty North Charleston, SC.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Three‑unit property with 2,590 square feet, built in 1955; Unit mix includes 4/2, 3/1, and 1/1 layouts; Separate water and power meters serve all 3 units
