Two-Home Multifamily
For Sale
$665,000
Pending
615 End St, Charleston, SC 29407
Income-producing residential asset with separate homes, updated features, and continued rental use supported by existing tenants.
Property Size2,100 SF
Lot Size0.45 Acres
Days on Market73
Property Features for 615 End St
General Information
Standard status
Pending
Size
2,100 SF
Lot size
0.45 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Buildings
2
Listing Agency:
The Boulevard Company
Listed By:
Laura Mclain
(843) 806-9830
Source:
Findahomecharleston
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 23 at 7:30AM
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 The Boulevard Company
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Investment Insights
Based on property information with market context.
This multifamily property includes two separate residences on approximately 0.45 acres, offered in as-is condition. The first home was built in 1954 and contains 3 bedrooms, 2 bathrooms, and approximately 1,305 square feet, along with a new roof. The second residence was built in 1962 and provides 2 bedrooms, 1 bathroom, and approximately 800 square feet. Its improvements include a new kitchen and stainless steel appliances, and the home is described as move-in ready.
Both homes are currently occupied by rental tenants and income-producing. The property is located at 615 End St in Charleston, with access to major roads, shopping, dining, and area amenities. The separate-home configuration supports continued residential rental use within a single multifamily property.
Both homes are currently occupied by rental tenants and income-producing. The property is located at 615 End St in Charleston, with access to major roads, shopping, dining, and area amenities. The separate-home configuration supports continued residential rental use within a single multifamily property.
Key Highlights
- Two separate homes on approximately 0.45 acres
- Both residences are currently tenant‑occupied and income‑producing
- 1954 home: 3 bedrooms, 2 bathrooms, approximately 1,305 square feet, and a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,490
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,800
$509.8K
Cap Rate 7%
$364,143
$364.1K
Cap Rate 9%
$283,222
$283.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$48.9K $23.28/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$46.3K $22.07/SF
− OpEx
−$20.9K −$9.93/SF
NOI
$25.5K $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%
$509,800
Cap Rate 7%
$364,143
Cap Rate 9%
$283,222
Alternative Uses
Best Use
Apartment 5plus
$364.1K
$318.6K – $424.8K
NOI $25,490 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing residential asset with separate homes, updated features, and continued rental use supported by existing tenants.
Where is this multifamily property located?
The property is located at 615 End St 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 on approximately 0.45 acres; Both residences are currently tenant‑occupied and income‑producing; 1954 home: 3 bedrooms, 2 bathrooms, approximately 1,305 square feet, and a new roof
