Single-Family End-Unit Rental
For Sale
$240,000
991 Rochelle Avenue, Charleston, SC 29407
MULTI_FAMILY - Charleston, SC
Property Size918 SF
Lot Size0.02 Acres
Price / SF$261.44
Days on Market373
Property Features for 991 Rochelle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Kitchen, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Family
Subdivision
Dupont
Lot features
Interior Lot
Elementary school
Stono Park
Middle school
C E Williams
High school
West Ashley
Directions
From Wappoo Road, Turn Onto Belgrade. From Belgrade, Make A Right Onto Rochelle Ave. Unit Is On The Right.
Standard status
Active
Size
918 SF
Lot size
0.02 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty Charleston West Ashley
(843) 737-6780
Listed By:
Colby Chisholm
(843) 737-6780
Added: Aug 14, 2025
Changed: Aug 12
Last Checked: Aug 21 at 2:06PM
MLS# 25022408
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 single-story, end-unit home is set up as a leased rental. The property offers a 2-bedroom, 2-bathroom layout with an inviting floor plan and abundant natural light. It is presented as turn-key for buyers seeking an immediately occupied asset.
The address is 991 Rochelle Avenue in Charleston, South Carolina. The home is described as conveniently located inside I-526, with access to West Ashley restaurants and shopping, I-526, and downtown Charleston.
For investors or owner-users looking for a ready-to-operate rental, the current one-year lease provides defined occupancy through the contract term. The configuration supports tenant living in a compact, single-story format with two bathrooms, which can be useful for maintaining day-to-day functionality in a rental setting.
The address is 991 Rochelle Avenue in Charleston, South Carolina. The home is described as conveniently located inside I-526, with access to West Ashley restaurants and shopping, I-526, and downtown Charleston.
For investors or owner-users looking for a ready-to-operate rental, the current one-year lease provides defined occupancy through the contract term. The configuration supports tenant living in a compact, single-story format with two bathrooms, which can be useful for maintaining day-to-day functionality in a rental setting.
Key Highlights
- Single‑story end‑unit with 2 bedrooms and 2 bathrooms
- Leased on a one‑year contract
- Eat‑in kitchen and family room layout
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
$11,143
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
4.64%
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%
$222,860
$222.9K
Cap Rate 7%
$159,186
$159.2K
Cap Rate 9%
$123,811
$123.8K
Market Conditions
NOI Build-Up for 918 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
$21.4K $23.28/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$20.3K $22.07/SF
− OpEx
−$9.1K −$9.93/SF
NOI
$11.1K $12.14/SF
Area
Charleston, SC
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$222,860
Cap Rate 7%
$159,186
Cap Rate 9%
$123,811
Alternative Uses
Best Use
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,143 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.4K
$217.4K – $289.8K
NOI $17,390 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,805
Businesses Nearby
Explore this area
Business Placement
Demographics for 29407, SC
35,373
Population
18,723
Households
1.9
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,297
Density / Sq Mi
$80,568
Median Household Income
$51,827
Median Earnings
$1,388
Median Rent
$407,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Leased end-unit home with 2 bed, 2 bath layout, providing turn-key occupancy under a one-year contract.
Where is this single family property located?
The property is located at 991 Rochelle Avenue Charleston, SC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Single‑story end‑unit with 2 bedrooms and 2 bathrooms; Leased on a one‑year contract; Eat‑in kitchen and family room layout
