Multifamily Property for Sale in North Charleston, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Charleston, SC 29406

Description

Marcus & Millichap is pleased to present the Charleston Stallion Portfolio, a 50-unit multifamily offering comprised of Dobson Place (12 units), Remount Place (22 units), and Stallion Grove (16 units), all located in the highly desirable North Charleston submarket. The portfolio features a strong mix of spacious two- and three-bedroom floor plans that cater to families, workforce housing demand, and long-term renters seeking affordability and convenience near Charleston’s major employment centers. Each property benefits from close proximity to Park Circle, one of the region’s most vibrant and rapidly redeveloping neighborhoods, as well as major demand drivers including Boeing, Joint Base Charleston, and the North Charleston Industrial Hub. Across the portfolio, the majority of units have undergone renovations including new flooring, upgraded appliances, and modernized cabinetry, creating a solid foundation of in-place income with additional value-add potential through continued interior upgrades and operational efficiencies. All properties further benefit from a transferable 60% tax abatement, significantly reducing operating expenses and enhancing cash flow. Positioned in one of the fastest-growing MSAs in the Southeast, the Charleston Stallion Portfolio offers investors a rare opportunity to acquire scale, tax-advantaged cash flow, and long-term appreciation potential within a supply-constrained, high-demand rental market. Investment Highlights: • Opportunity to Transfer Tax Abatement on All Assets • Prime Location Near Park Circle and Major Employment Drivers • Strong Unit Mix of Two- and Three-Bedroom Floor Plans • Renovated Units with In-Place Cash Flow and Limited Deferred Maintenance

Market Context

This multifamily in North Charleston, SC is listed for sale. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in North Charleston, SC — <a href="/search/sale/multifamily/south-carolina/north-charleston">view the full market</a>.

As of Q4 2019, the Charleston multifamily market showed a 4.6% vacancy rate, average asking rents near $1804.00/unit/mo, and rents up 12.7% year over year. Source: Consensus Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Charleston multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2019).

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