Triplex with Separate Utility
For Sale
$580,000
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$223.94
Days on Market185
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
(843) 345-1273
Listed By:
Brian Beatty · License #62721
Source:
Findahomecharleston
Added: Feb 28
Changed: Aug 31
Last Checked: Aug 31 at 5:40PM
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
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 = 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
$34,189
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
5.89%
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%
$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
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
$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 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%
$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 5.89%
Second Best
Apartment 5plus
$455.2K
$398.3K – $531.1K
NOI $31,863 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$703.3K
$615.4K – $820.5K
NOI $49,231 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $580,000.
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
