6-Unit Apartment
For Sale
$595,000
936 Sheep Island Road Unit B Unit Unit A & B, Summerville, SC 29486
Individual window heating and cooling serve the units, with covered carport access on the property.
Property Size3,292 SF
Price / SF$180.74
Days on Market112
Property Features for 936 Sheep Island Road Unit B Unit Unit A & B
General Information
Standard status
Active
Size
3,292 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Building Details
Building Size
3,292 SF
Year Built
2008
Listing Agency:
Connie White Real Estate & Design, LLC
Listed By:
Connie White · License #78160
(843) 532-3356
Source:
Handsomeproperties
Added: Jul 15
Changed: Oct 28
Last Checked: Nov 3 at 7:26AM
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 Connie White Real Estate & Design, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2008, this 3,292-square-foot apartment property contains six units on one parcel. The front building is a duplex, with four additional units positioned behind it. Each unit has individual window heating and cooling.
The front duplex has a shared carport and covered front porches. The four rear units have covered carport or patio access and share a fenced yard. Two septic tanks serve the property; they were inspected and pumped in early 2026.
The front duplex has a shared carport and covered front porches. The four rear units have covered carport or patio access and share a fenced yard. Two septic tanks serve the property; they were inspected and pumped in early 2026.
Key Highlights
- Six units on one parcel: a front duplex and four units behind it
- 3,292 square feet; built in 2008
- Individual window heating and cooling in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,441
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,820
$688.8K
Cap Rate 7%
$492,014
$492.0K
Cap Rate 9%
$382,678
$382.7K
Market Conditions
NOI Build-Up for 3,292 SF
Gross rent
$67.6K $20.52/SF
− Vacancy
−$4.9K −$1.50/SF
EGI
$62.6K $19.02/SF
− OpEx
−$28.2K −$8.56/SF
NOI
$34.4K $10.46/SF
Area
Dorchester County, SC
Vacancy
7.30%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,820
Cap Rate 7%
$492,014
Cap Rate 9%
$382,678
Alternative Uses
Best Use
Apartment 5plus
$492.0K
$430.5K – $574.0K
NOI $34,441 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,455 @ 7.0% cap · market cap 28.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 29486, SC
41,148
Population
19,452
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
90%
High-School Grad
62.3 sq mi
ZIP Area
660
Density / Sq Mi
$87,386
Median Household Income
$45,533
Median Earnings
$1,612
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual window heating and cooling serve the units, with covered carport access on the property.
Where is this apartment building located?
The property is located at 936 Sheep Island Road Unit B Unit Unit A & B Summerville, 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: Six units on one parcel: a front duplex and four units behind it; 3,292 square feet; built in 2008; Individual window heating and cooling in each unit
