Triplex With Separate Utility
For Sale
$580,000
5116 Twitty, North Charleston, SC 29406
MULTI_FAMILY - North Charleston, SC
Property Size2,590 SF
Lot Size0.32 Acres
Price / SF$223.94
Days on Market95
Property Features for 5116 Twitty
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 1
Subdivision
Russelldale
Elementary school
Matilda Dunston
Middle school
Morningside
High school
North Charleston
Directions
From 526 Exit Rivers Ave, Take Your First Right After The Exit. Turn Right On Twitty, Property On Right
Standard status
Active
Size
2,590 SF
Lot size
0.32 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
3
Building materials
Block/Masonry, Wood Siding
Listing Agency:
Keller Williams Realty Charleston
(843) 416-2000
Listed By:
Brian Beatty · License #62721
(843) 416-2000
Added: May 6
Changed: Aug 1
Last Checked: Aug 8 at 11:06AM
MLS# 26013006
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 centrally located triplex offers three leased units with separate water and power meters, with tenants paying all utilities. Each unit is equipped with natural gas heating and window unit air conditioning. The property is a block/masonry and wood siding construction, built in 1955, with public water and public sewer service.
Unit layouts include Unit 1 (one-bedroom, one-bath), Unit 2 (three-bedroom, one-bath), and Unit 3 (four-bedroom, two-bath). The seller has completed a series of upgrades, including floors redone in Unit C (2023), heating system replaced in Unit C (2024), and water boiler replaced in Unit C (2026). Additional improvements include driveway redone (2025), shower plumbing redone in Unit C (2023), fencing replaced in the backyard, ranges replaced in Units A and B, and floor and bathtub redone plus drainpipe repaired in A (2026).
All three units are described as leased for 12 months, and at least one unit is on month-to-month terms, supporting an income-focused ownership structure.
Unit layouts include Unit 1 (one-bedroom, one-bath), Unit 2 (three-bedroom, one-bath), and Unit 3 (four-bedroom, two-bath). The seller has completed a series of upgrades, including floors redone in Unit C (2023), heating system replaced in Unit C (2024), and water boiler replaced in Unit C (2026). Additional improvements include driveway redone (2025), shower plumbing redone in Unit C (2023), fencing replaced in the backyard, ranges replaced in Units A and B, and floor and bathtub redone plus drainpipe repaired in A (2026).
All three units are described as leased for 12 months, and at least one unit is on month-to-month terms, supporting an income-focused ownership structure.
Key Highlights
- 0.32‑acre triplex with 2,590 SF building area
- Built in 1955 with block/masonry and wood siding construction
- Separate water and power meters; tenants pay all utilities
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
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 - Triplex with separate water and power meters for each unit, gas heat, and window AC units.
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: 0.32‑acre triplex with 2,590 SF building area; Built in 1955 with block/masonry and wood siding construction; Separate water and power meters; tenants pay all utilities
