Renovated Historic
For Sale
$1,174,000
66 America Street, Charleston, SC 29403
Residential Income, Charleston, SC
Property Size2,800 SF
Lot Size0.08 Acres
Price / SF$419.29
Days on Market183
Property Features for 66 America Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Conforming
Bedrooms
6
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3
Interior features
Ceiling Fan(s)
Subdivision
Eastside
Elementary school
Sanders Clyde
Middle school
Simmons Pinckney
High school
Burke
Directions
From 26e Take Exit 221b. Turn Right Onto Meeting Street, Left Onto Columbus Street, Then A Right Onto America Street. The Home Will Be On Your Left.
Standard status
Active
Size
2,800 SF
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
brick patio
porch
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Charleston West Ashley
(843) 737-6780
Listed By:
Jonathan Holt
(843) 737-6780
Added: Mar 2
Changed: Aug 28
Last Checked: Sep 1 at 12:06AM
MLS# 26005753
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 renovated historic duplex contains two residential units within approximately 2,800 square feet. Each unit includes three bedrooms and a flex space that has been used as a fourth bedroom, creating adaptable room configurations. Updated interiors combine wood cabinetry, granite countertops, stainless steel appliances, hardwood floors, large windows, and architectural details. Central heating and central air serve the property.
Outdoor features include a large fenced backyard, brick patio, and separate porch areas for the units. The property sits on 0.08 acres and was built in 1890, with wood siding, a metal roof, public water, and public sewer. Its Charleston, SC location places the duplex near the Cigar Factory, Lucky Luchador, the South Carolina Aquarium, and the Ravenel Bridge.
Outdoor features include a large fenced backyard, brick patio, and separate porch areas for the units. The property sits on 0.08 acres and was built in 1890, with wood siding, a metal roof, public water, and public sewer. Its Charleston, SC location places the duplex near the Cigar Factory, Lucky Luchador, the South Carolina Aquarium, and the Ravenel Bridge.
Key Highlights
- Two‑unit duplex with 3 bedrooms and a flex space in each unit
- Renovated interiors with granite countertops and stainless steel appliances
- Hardwood floors, large windows, and architectural details throughout
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
$36,674
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
3.12%
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%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,800 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
$55.4K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$52.4K $18.71/SF
− OpEx
−$15.7K −$5.61/SF
NOI
$36.7K $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%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$485.5K
$424.8K – $566.5K
NOI $33,987 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$757.7K
$663.0K – $884.0K
NOI $53,041 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
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 - Two residential units offer flexible layouts, private porch areas, and access to a fenced outdoor setting.
Where is this duplex located?
The property is located at 66 America Street Charleston, SC.
What is the asking price?
The asking price for this property is $1,174,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and a flex space in each unit; Renovated interiors with granite countertops and stainless steel appliances; Hardwood floors, large windows, and architectural details throughout
