Duplex with Outdoor
For Sale
$299,950
7625 E Oakridge Circle, North Charleston, SC 29420
Residential Income, North Charleston, SC
Property Size1,638 SF
Lot Size0.29 Acres
Price / SF$183.12
Days on Market94
Property Features for 7625 E Oakridge Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Subdivision
Ashley Heights
Elementary school
Pepper Hill
Middle school
Northwoods
High school
Stall
Directions
Ashley Phosphate To Tedder Dr, Right On South Oakridge, Left On East Oakridge
Standard status
Active
Size
1,638 SF
Lot size
0.29 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Water source
Public
Amenities
front porch
Building Details
Year built
1950
Number of units
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Engel & Volkers Charleston · Engel & Völkers
Listed By:
Chandra Ruch
(843) 805-8011
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 4 at 9:06AM
MLS# 26016308
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.
Built in 1950, this 1,638-square-foot duplex contains two residential units, each arranged with 2 bedrooms and 1.5 bathrooms. The property sits on a 0.29-acre lot and includes a functional layout, outdoor areas, a front porch, mature trees, and parking. Vinyl siding, an asphalt roof, heat-pump heating, public water, and public sewer complete the existing improvements.
The property is located in North Charleston near I-26 and Ashley Phosphate Road, with access to Charleston International Airport, major employers, shopping, dining, and entertainment. Its two-unit configuration supports residential income use while also providing flexibility for an owner-occupant arrangement.
The property is located in North Charleston near I-26 and Ashley Phosphate Road, with access to Charleston International Airport, major employers, shopping, dining, and entertainment. Its two-unit configuration supports residential income use while also providing flexibility for an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1.5 bathrooms per unit
- 1,638 square feet on a 0.29‑acre lot
- Built in 1950 with vinyl siding and an asphalt roof
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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
779
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with separate living spaces, on-site parking, and a front porch in an established North Charleston setting.
Where is this duplex located?
The property is located at 7625 E Oakridge Circle 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 2 bedrooms and 1.5 bathrooms per unit; 1,638 square feet on a 0.29‑acre lot; Built in 1950 with vinyl siding and an asphalt roof
