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Multifamily

Dobson Place

5640 Dobson St, North Charleston, SC 29406

Listing Price: $2,460,000

Cap Rate
7.25%
Number of Units
12
GRM
8.13
Occupancy
92.0%
Price/Unit
$205,000
Price/Gross SF
$250.00
Gross SF
9,840

Investment 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.

Investment 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

Exclusively Listed By

Listing Price: $2,460,000

Cap Rate
7.25%
Number of Units
12
GRM
8.13
Occupancy
92.0%
Price/Unit
$205,000
Price/Gross SF
$250.00
Gross SF
9,840

Investment 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

Investment 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.

Exclusively Listed By

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