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Duplex in North Central Charleston 81 Simons St 2 Unit Apartment Building $950,000 ($475,000/Unit) 6.04% Cap Rate Charleston, SC 29403
Executive Summary
Duplex offering immediate cash flow and long-term stability in a prime Charleston Peninsula location. Each unit features 3 bedrooms, providing strong and consistent rental demand. Under a mile from Hampton Park and The Citadel. Located in the highly desirable North Central neighborhood, this property benefits from proximity to popular dining, arts, and lifestyle destinations including cafes, restaurants and King Street shopping. An ideal asset for investors seeking a dependable, well-located multifamily property.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $950,000 | Property Subtype | Apartment |
| Price Per Unit | $475,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.04% | Lot Size | 0.07 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,525 SF |
| Gross Rent Multiplier | 13.9 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1940 |
| Property Type | Multifamily |
| Price | $950,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.9 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,525 SF |
| No. Stories | 2 |
| Year Built | 1940 |
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Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 463-15-02-025 | Total Assessment | $25,960 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
463-15-02-025
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$25,960 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Duplex in North Central Charleston | 81 Simons St
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