Updated Duplex With Private
New
For Sale
$595,000
734 Deene Street, Charleston, SC 29412
MULTI_FAMILY - Charleston, SC
Property Size1,350 SF
Lot Size0.28 Acres
Price / SF$440.74
Days on Market3
Property Features for 734 Deene Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1
Interior features
Ceiling Fan(s)
Subdivision
Bayfront
Elementary school
Harbor View
Middle school
Camp Road
High school
James Island Charter
Directions
From Folly Road Turn Onto Hunley Ave. Turn Right Onto Deene Street. Property Is On The Left.
Standard status
Active
Size
1,350 SF
Lot size
0.28 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Building materials
Brick
Listing Agency:
The Boulevard Company
(843) 806-9830
Listed By:
Kara Hicks · License #90996
(843) 806-9830
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 8 at 1:06PM
MLS# 26022490
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 brick duplex contains two residential units, each with two bedrooms, one bathroom, a living area, eat-in kitchen, off-street parking, and a private backyard. One unit is leased to a long-term tenant, while the second has been furnished for mid-term occupancy and recently received flooring, paint, bathroom, kitchen, appliance, and ceiling-fan updates. Furniture in the updated unit may convey with an acceptable offer.
The property is located on James Island, approximately 3 miles from Downtown Charleston, MUSC, and the College of Charleston, and 8 miles from Folly Beach. The 0.28-acre site includes public water and public sewer. The roof was installed in 2019, the HVAC serving Unit B was installed in 2019, and both water heaters were installed in 2025. Central air and window-unit cooling are present, with electric heat.
The property is located on James Island, approximately 3 miles from Downtown Charleston, MUSC, and the College of Charleston, and 8 miles from Folly Beach. The 0.28-acre site includes public water and public sewer. The roof was installed in 2019, the HVAC serving Unit B was installed in 2019, and both water heaters were installed in 2025. Central air and window-unit cooling are present, with electric heat.
Key Highlights
- Duplex on a 0.28‑acre site with two 2‑bedroom, 1‑bathroom units
- Each unit includes a living room, eat‑in kitchen, off‑street parking, and private backyard
- Unit B updated with flooring, paint, bathroom fixtures, kitchen cabinets, appliances, and ceiling fans
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
$17,682
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
2.97%
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%
$353,640
$353.6K
Cap Rate 7%
$252,600
$252.6K
Cap Rate 9%
$196,467
$196.5K
Market Conditions
NOI Build-Up for 1,350 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
$26.7K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$25.3K $18.71/SF
− OpEx
−$7.6K −$5.61/SF
NOI
$17.7K $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%
$353,640
Cap Rate 7%
$252,600
Cap Rate 9%
$196,467
Alternative Uses
Best Use
Multifamily LT 5
$252.6K
$221.0K – $294.7K
NOI $17,682 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$234.1K
$204.8K – $273.1K
NOI $16,387 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$365.3K
$319.7K – $426.2K
NOI $25,573 @ 7.0% cap · market cap 4.30%
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
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 29412, SC
39,687
Population
18,429
Households
2.2
Avg Household Size
40
Median Age
55%
College-Educated
96%
High-School Grad
39.2 sq mi
ZIP Area
1,012
Density / Sq Mi
$99,443
Median Household Income
$54,757
Median Earnings
$1,744
Median Rent
$458,000
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-bedroom units, off-street parking, and flexible rental configurations support residential income use.
Where is this duplex located?
The property is located at 734 Deene Street Charleston, SC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex on a 0.28‑acre site with two 2‑bedroom, 1‑bathroom units; Each unit includes a living room, eat‑in kitchen, off‑street parking, and private backyard; Unit B updated with flooring, paint, bathroom fixtures, kitchen cabinets, appliances, and ceiling fans
