Two-Unit Charleston-Style
For Sale
$900,000
96 Bogard Street, Charleston, SC 29403
Residential Income, Charleston, SC
Property Size2,068 SF
Lot Size0.08 Acres
Price / SF$435.20
Days on Market49
Property Features for 96 Bogard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3
Elementary school
Mitchell
Middle school
Simmons Pinckney
High school
Burke
Directions
Use Gps
Subdivision
51 - Peninsula Charleston Inside of Crosstown
Standard status
Active
Size
2,068 SF
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
front porch
back porch
fenced backyard
washer and dryer
electric fireplace
storage space
Building Details
Year built
1940
Floors in Building
2
Building materials
Wood Siding
Listing Agency:
Keller Williams Realty Charleston
(843) 416-2000
Listed By:
Brian Beatty · License #62721
(843) 345-1273
Added: Aug 6
Changed: Sep 12
Last Checked: Sep 23 at 12:06AM
MLS# 26022485
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 2,068-square-foot duplex, built in 1940, is arranged as two separate residences. The upper unit includes three bedrooms and one bathroom, original hardwood flooring, tile in the kitchen and bath, an electric fireplace, front and rear porches, storage, a stackable washer and dryer, and driveway parking. The lower unit provides two bedrooms and one bathroom with matching hardwood and tile flooring, front and rear porches, and its own washer and dryer. Both units share a fenced backyard.
The property occupies 0.08 acres at 96 Bogard Street in Charleston, South Carolina. It is positioned within walking distance of the College of Charleston, MUSC, and King Street dining, shopping, and entertainment. Public water and public sewer serve the property, with central air conditioning and wood siding.
The property occupies 0.08 acres at 96 Bogard Street in Charleston, South Carolina. It is positioned within walking distance of the College of Charleston, MUSC, and King Street dining, shopping, and entertainment. Public water and public sewer serve the property, with central air conditioning and wood siding.
Key Highlights
- 2,068‑square‑foot duplex on a 0.08‑acre lot
- Two units: upstairs 3‑bedroom/1‑bath and downstairs 2‑bedroom/1‑bath
- Built in 1940 with original hardwood floors and tile in kitchen and bathrooms
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
$27,086
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
3.01%
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%
$541,720
$541.7K
Cap Rate 7%
$386,943
$386.9K
Cap Rate 9%
$300,956
$301.0K
Market Conditions
NOI Build-Up for 2,068 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
$40.9K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$38.7K $18.71/SF
− OpEx
−$11.6K −$5.61/SF
NOI
$27.1K $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%
$541,720
Cap Rate 7%
$386,943
Cap Rate 9%
$300,956
Alternative Uses
Best Use
Multifamily LT 5
$386.9K
$338.6K – $451.4K
NOI $27,086 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$358.6K
$313.8K – $418.4K
NOI $25,102 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$559.6K
$489.7K – $652.9K
NOI $39,175 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Configured as separate upstairs and downstairs residences with shared outdoor space and off-street parking.
Where is this duplex located?
The property is located at 96 Bogard Street Charleston, SC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,068‑square‑foot duplex on a 0.08‑acre lot; Two units: upstairs 3‑bedroom/1‑bath and downstairs 2‑bedroom/1‑bath; Built in 1940 with original hardwood floors and tile in kitchen and bathrooms
