Two-Unit Duplex with Front
For Sale
$299,950
7625 E Oakridge Cir Unit A & B, North Charleston, SC 29420
Functional residential income property with outdoor space, parking, and access to major roads, employment centers, shopping, and dining.
Property Size1,638 SF
Price / SF$183.12
Days on Market107
Property Features for 7625 E Oakridge Cir Unit A & B
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Engel & Volkers Charleston
(843) 805-8011
Listed By:
Chandra Ruch
Source:
Findhomesforsaleincharleston
Added: May 17
Changed: Aug 29
Last Checked: Aug 30 at 6:15PM
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 Engel & Volkers Charleston
Investment Insights
Based on property information with market context.
This duplex contains 1,638 square feet arranged as two residential units, with each unit offering 2 bedrooms and 1.5 bathrooms. The property also includes a front porch, outdoor space, mature trees, and parking, providing practical shared and unit-level amenities.
Located at 7625 E Oakridge Cir Unit A & B in North Charleston, the property offers access to I-26 and Ashley Phosphate Road. Charleston International Airport, major employers, shopping, dining, and entertainment are also identified as nearby area destinations.
Located at 7625 E Oakridge Cir Unit A & B in North Charleston, the property offers access to I-26 and Ashley Phosphate Road. Charleston International Airport, major employers, shopping, dining, and entertainment are also identified as nearby area destinations.
Key Highlights
- Two‑unit duplex with 1,638 square feet of building area
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Front porch, outdoor space, mature trees, and ample parking
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
$21,622
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
7.21%
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%
$432,440
$432.4K
Cap Rate 7%
$308,886
$308.9K
Cap Rate 9%
$240,244
$240.2K
Market Conditions
NOI Build-Up for 1,638 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
$33.0K $20.16/SF
− Vacancy
−$2.1K −$1.30/SF
EGI
$30.9K $18.86/SF
− OpEx
−$9.3K −$5.66/SF
NOI
$21.6K $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%
$432,440
Cap Rate 7%
$308,886
Cap Rate 9%
$240,244
Alternative Uses
Best Use
Multifamily LT 5
$308.9K
$270.3K – $360.4K
NOI $21,622 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$287.9K
$251.9K – $335.9K
NOI $20,151 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$444.8K
$389.2K – $518.9K
NOI $31,135 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 29420, SC
23,619
Population
9,537
Households
2.5
Avg Household Size
36
Median Age
31%
College-Educated
87%
High-School Grad
10.0 sq mi
ZIP Area
2,362
Density / Sq Mi
$69,043
Median Household Income
$40,949
Median Earnings
$1,506
Median Rent
$283,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Functional residential income property with outdoor space, parking, and access to major roads, employment centers, shopping, and dining.
Where is this duplex located?
The property is located at 7625 E Oakridge Cir Unit A & B North Charleston, SC.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: Two‑unit duplex with 1,638 square feet of building area; Each unit includes 2 bedrooms and 1.5 bathrooms; Front porch, outdoor space, mature trees, and ample parking
