Two-Home Duplex
New
For Sale
$665,000
615 End Drive, Charleston, SC 29407
MULTI_FAMILY - Charleston, SC
Property Size2,100 SF
Lot Size0.45 Acres
Price / SF$316.67
Days on Market2
Property Features for 615 End Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Conforming
Bedrooms
5
Rooms
Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1
Elementary school
Stono Park
Middle school
C E Williams
High school
West Ashley
Directions
Hwy 17 To Wappoo Rd.(coming From Savannah Hwy.)- Turn Left Onto Wappoo Rd...turn Left On The First Street, Cross Over Blitchright, And Dead-end Right Into End St.
Subdivision
11 - West of the Ashley Inside I-526
Standard status
Active
Size
2,100 SF
Lot size
0.45 Acres
Utilities
Cooling system
Central Air
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Listing Agency:
The Boulevard Company
(843) 806-9830
Listed By:
Laura Mclain
(843) 806-9830
Added: Aug 12
Last Checked: Aug 13 at 1:06AM
MLS# 26022917
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 duplex property includes two separate residences totaling 2,100 square feet on 0.45 acres. One home offers 3 bedrooms and 2 bathrooms, while the second provides 2 bedrooms and 1 bathroom. Central air serves the property. Improvements include a new roof at the larger residence and a renovated kitchen with stainless steel appliances in the smaller home. Both residences currently have rental tenants, and the property is offered as-is.
Located at 615 End Drive in Charleston, the property provides access to major roads, shopping, dining, and area amenities. The two-home configuration supports continued residential rental use, subject to applicable requirements.
Located at 615 End Drive in Charleston, the property provides access to major roads, shopping, dining, and area amenities. The two-home configuration supports continued residential rental use, subject to applicable requirements.
Key Highlights
- Two separate homes totaling 2,100 square feet on 0.45 acres
- Unit mix includes 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom
- Both residences currently have rental tenants
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
$27,505
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
4.14%
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%
$550,100
$550.1K
Cap Rate 7%
$392,929
$392.9K
Cap Rate 9%
$305,611
$305.6K
Market Conditions
NOI Build-Up for 2,100 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
$41.6K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.3K $18.71/SF
− OpEx
−$11.8K −$5.61/SF
NOI
$27.5K $13.10/SF
Area
Charleston, SC
Vacancy
5.50%
Lease Rate
$19.80 /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%
$550,100
Cap Rate 7%
$392,929
Cap Rate 9%
$305,611
Alternative Uses
Best Use
Multifamily LT 5
$392.9K
$343.8K – $458.4K
NOI $27,505 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$364.1K
$318.6K – $424.8K
NOI $25,490 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$568.3K
$497.3K – $663.0K
NOI $39,781 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,601
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide a three-bedroom/two-bath layout and a two-bedroom/one-bath layout with central air.
Where is this duplex located?
The property is located at 615 End Drive Charleston, SC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Two separate homes totaling 2,100 square feet on 0.45 acres; Unit mix includes 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom; Both residences currently have rental tenants
