5640-5648 Dobson St - Apartments FOR SALE


Charleston, SC 29406
$2,460,000 USD
803-371-7839
5640-5648 Dobson St, Charleston, SC for Sale
$2,460,000 USD
Apartments - FOR SALE
1/6
null | 7.25% Cap Rate

5640-5648 Dobson St
Charleston, SC 29406


HIGHLIGHTS

  • Proximity to Park Circle and Major Employers
  • All Three-Bedroom Units
  • Strong Occupancy and Cash Flow
  • Positioned in a Growing Market
  • Value-Add Potential

OVERVIEW

Marcus & Millichap is pleased to present Dobson Place, a 12-unit multifamily community located in North Charleston, South Carolina. The property features an attractive unit mix of spacious three-bedroom, two-bath apartments, catering to families and long-term renters seeking affordable, high-quality housing near Charleston’s major employment and lifestyle centers. Dobson Place has undergone renovations, including new flooring, upgraded appliances, and modernized cabinetry in the majority of units—enhancing both functionality and tenant appeal. Its proximity to Park Circle, one of Charleston’s most desirable and rapidly developing neighborhoods, further elevates its market positioning. The property also benefits from proximity to major demand drivers such as Boeing, Joint Base Charleston, and the North Charleston Industrial Hub—ensuring sustained rental demand and long-term appreciation potential in this high-growth submarket.

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

12

PRICE/UNIT

$205,000

CAP RATE

7.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dobson Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

473-13-00-133,473-13-00-212

ASK ABOUT THIS PROPERTY

William GravesMarcus & MillichapMore Info
803-371-7839

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William GravesMarcus & MillichapMore Info
803-371-7839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.