Four-Unit Multifamily
For Sale
$629,900
7668 Hunters Ridge Lane, North Charleston, SC 29420
Residential Income, North Charleston, SC
Property Size4,069 SF
Lot Size0.25 Acres
Price / SF$154.80
Days on Market120
Property Features for 7668 Hunters Ridge Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Conforming
Bedrooms
8
Rooms
Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6
Subdivision
Pepperidge
Elementary school
Windsor Hill
Middle school
River Oaks
High school
Ft. Dorchester
Directions
Ashley Phosphate To Hunters Ridge Ln, Building On The Left.
Standard status
Active
Size
4,069 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Building materials
Brick Veneer, Wood Siding
Roof type
Asphalt
Listing Agency:
AgentOwned Realty Preferred Group
(843) 725-5059
Listed By:
Mike Hillman
(843) 297-1901
Added: May 8
Changed: Aug 27
Last Checked: Sep 4 at 7:06AM
MLS# 26013398
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 4,069-square-foot quadplex contains four separate residential units within a 1973-built property on 0.25 acres. Construction includes brick veneer and wood siding, with central air conditioning, electric heat, an asphalt roof, public water, and public sewer. The roof and fascia boards were replaced in 2026, the exterior was repainted, and the vacant unit received new flooring and paint.
The property is located at 7668 Hunters Ridge Lane in North Charleston, SC 29420, within Dorchester County. The surrounding area provides access to Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways. Eight bedrooms are identified across the property, supporting its four-unit residential configuration.
The property is located at 7668 Hunters Ridge Lane in North Charleston, SC 29420, within Dorchester County. The surrounding area provides access to Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways. Eight bedrooms are identified across the property, supporting its four-unit residential configuration.
Key Highlights
- Four separate residential units in a quadplex configuration
- 4,069 square feet on a 0.25‑acre lot
- 2026 roof and fascia board replacement
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
$53,712
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
8.53%
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%
$1,074,240
$1.1M
Cap Rate 7%
$767,314
$767.3K
Cap Rate 9%
$596,800
$596.8K
Market Conditions
NOI Build-Up for 4,069 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
$82.0K $20.16/SF
− Vacancy
−$5.3K −$1.30/SF
EGI
$76.7K $18.86/SF
− OpEx
−$23.0K −$5.66/SF
NOI
$53.7K $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%
$1,074,240
Cap Rate 7%
$767,314
Cap Rate 9%
$596,800
Alternative Uses
Best Use
Multifamily LT 5
$767.3K
$671.4K – $895.2K
NOI $53,712 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$715.1K
$625.7K – $834.3K
NOI $50,058 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$1.10M
$966.8K – $1.29M
NOI $77,344 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
410
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?
Quadplex - Recent roof and exterior updates complement central heating and cooling throughout the income-producing property.
Where is this quadplex located?
The property is located at 7668 Hunters Ridge Lane North Charleston, SC.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Four separate residential units in a quadplex configuration; 4,069 square feet on a 0.25‑acre lot; 2026 roof and fascia board replacement
