Tenant-Occupied
For Sale
Under Contract
$695,000
969 Harbor View Road, Charleston, SC 29412
Residential Income, Charleston, SC
Property Size1,647 SF
Lot Size0.35 Acres
Price / SF$421.98
Days on Market567
Property Features for 969 Harbor View Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Conforming
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Subdivision
Lawton Bluff
Elementary school
Stiles Point
Middle school
Camp Road
High school
James Island Charter
Standard status
Active Under Contract
Size
1,647 SF
Lot size
0.35 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Number of units
2
Building materials
Brick Veneer
Roof type
Asphalt
Listing Agency:
NAI Charleston, LLC
(843) 804-6818
Listed By:
Zack Lord · License #118023
(843) 804-6818
Added: Feb 12, 2025
Changed: Aug 19
Last Checked: Sep 2 at 1:06AM
MLS# 25003829
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 1,647-square-foot duplex sits on a 0.35-acre parcel and is occupied by tenants who pay rent. The property features brick veneer construction, an asphalt roof, natural light, and ample parking. Public water and public sewer serve the site, which was built in 1970.
Located at 969 Harbor View Road in Charleston, the property fronts the Harbor View corridor and is positioned on a corner parcel. General Business zoning in the City of Charleston supports identified uses including retail, fast food with drive-through service, and office space. The existing duplex configuration provides an established income-producing use alongside the stated commercial possibilities.
Located at 969 Harbor View Road in Charleston, the property fronts the Harbor View corridor and is positioned on a corner parcel. General Business zoning in the City of Charleston supports identified uses including retail, fast food with drive-through service, and office space. The existing duplex configuration provides an established income-producing use alongside the stated commercial possibilities.
Key Highlights
- 1,647‑square‑foot duplex on a 0.35‑acre parcel
- Tenants currently occupy the duplex and pay rent
- General Business zoning in the City of Charleston
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
$21,572
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
3.10%
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%
$431,440
$431.4K
Cap Rate 7%
$308,171
$308.2K
Cap Rate 9%
$239,689
$239.7K
Market Conditions
NOI Build-Up for 1,647 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
$32.6K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.8K $18.71/SF
− OpEx
−$9.2K −$5.61/SF
NOI
$21.6K $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%
$431,440
Cap Rate 7%
$308,171
Cap Rate 9%
$239,689
Alternative Uses
Best Use
Multifamily LT 5
$308.2K
$269.7K – $359.5K
NOI $21,572 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,992 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$445.7K
$390.0K – $520.0K
NOI $31,199 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 29412, SC
39,687
Population
18,429
Households
2.2
Avg Household Size
40
Median Age
55%
College-Educated
96%
High-School Grad
39.2 sq mi
ZIP Area
1,012
Density / Sq Mi
$99,443
Median Household Income
$54,757
Median Earnings
$1,744
Median Rent
$458,000
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 - General Business zoning supports retail, drive-through fast food, or office use.
Where is this duplex located?
The property is located at 969 Harbor View Road Charleston, SC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,647‑square‑foot duplex on a 0.35‑acre parcel; Tenants currently occupy the duplex and pay rent; General Business zoning in the City of Charleston
