105/107 Magwood Drive, Summerville, SC 29485 (MLS# 31006307)

105/107 Magwood Drive, Summerville, SC 29485

$1,350,000

Property Type: Commercial Sale Square Footage: 8,020 Status: Active Contingent

Current Price: $1,350,000 List Date: 5/01/2026 Last Modified: 6/29/2026

Overview

Description

Welcome to 105 & 107 Magwood Drive — a rare opportunity to acquire two fully leased quadplexes in the heart of Summerville, offering a total of eight potentially income-producing units in one of the fastest-growing submarkets in the Charleston metro. Each building features four well-maintained 2-bedroom, 1.5-bathroom townhome-style units, designed with functionality and comfort in mind. With all eight units currently occupied and generating a combined monthly rental income of $10,850, this is potentially an ideal acquisition for investors. Current Rents by Unit: 105 Magwood Drive Unit A: $1,225 Unit B: $1,500 Unit C: $1,225 Unit D: $1,250 107 Magwood Drive Unit A: $1,400 Unit B: $1,500 Unit C: $1,500 Unit D: $1,250 Owned and meticulously maintained by the same owner for 22 years, it has benefited from $600,000 in capital improvements. The result is a fully stabilized asset with minimal maintenance concerns and immediate cash flow potential. The tenant base is remarkably stable ... (Read more) Welcome to 105 & 107 Magwood Drive — a rare opportunity to acquire two fully leased quadplexes in the heart of Summerville, offering a total of eight potentially income-producing units in one of the fastest-growing submarkets in the Charleston metro. Each building features four well-maintained 2-bedroom, 1.5-bathroom townhome-style units, designed with functionality and comfort in mind. With all eight units currently occupied and generating a combined monthly rental income of $10,850, this is potentially an ideal acquisition for investors. Current Rents by Unit: 105 Magwood Drive Unit A: $1,225 Unit B: $1,500 Unit C: $1,225 Unit D: $1,250 107 Magwood Drive Unit A: $1,400 Unit B: $1,500 Unit C: $1,500 Unit D: $1,250 Owned and meticulously maintained by the same owner for 22 years, it has benefited from $600,000 in capital improvements. The result is a fully stabilized asset with minimal maintenance concerns and immediate cash flow potential. The tenant base is remarkably stable, with average tenancies ranging from 5 to 8 years, and several long-term residents staying 12, 16, even 17 years, clear evidence of a well-managed and desirable living environment. Whether you're an experienced investor looking to expand your portfolio or a savvy buyer interested in a potential live-in investment strategy, these side-by-side quadplexes offer multiple paths to potential wealth-building. Potentially occupy one unit and offset your living expenses, or keep all eight units rented. Located just 3.7 miles from Historic Downtown Summerville, 5.5 miles from I-26, and 6.5 miles from Nexton Square, your tenants will enjoy easy access to major employers, shopping, dining, and top-rated Dorchester-2 schools. The area's robust job market, population growth, and limited multifamily inventory all make this a great potential offering. Opportunities to acquire an eight-unit portfolio with strong rental history in a growing market don't come around often. Buyer agrees to comply with all necessary documentation to facilitate a 1031 exchange, if applicable. Proof of funds or a letter of credit (LOC) from a financial institution is required prior to any showings or walkthroughs. *Rental availability and options are not guaranteed. Buyers interested in residential and other rental options must verify with any and all governing bodies. Sale includes TMS#1530500030 and TMS#1530500031

Listing Details MLS# 31006307

Location

Street Number: 105/107
Street Name: Magwood
Street Suffix: Drive
County: Dorchester
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 62 - Summerville/Ladson/Ravenel to Hwy 165
State or Province: SC
Postal Code: 29485
Parcel Number: 1530500031
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Listing Name: Two Quadplexes in Summerville
Property Condition: Existing
Number of Units Total: 8
Building Area Total: 8020
Lot Acres: 0.82
Zoning: Dorchester - N-R - Neighborhood Residential
List Price/Acre: 1646341.46
List Price/SqFt: 168.33
For Comp Purposes Only: No
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2025-06-05
Original List Price: 1500000
Tax Legal Description: Block/Lot/175

Building Related

Stories Total: 2
Year Built: 1984
Number Of Buildings: 2

Land Related

In Flood Plain?: Yes

Financials

Tax Assessed Value: 22473

More Information

Status Change Info

Status Change Date: 2026-06-29
Under Contract Date: 2026-06-25
Contingent: Active Contingent
Contingency Reason: Due Diligence

Auction Details

Auction: No

Directions & Remarks

Directions: Ladson Rd to Dorchester County. Turn right onto Circle Dr. Turn right onto SC-165 N/Bacons Bridge Rd. Turn right onto Heber Rd. Turn right onto Jedi Ln. Turn right onto Magwood Dr.
Public Remarks: Welcome to 105 & 107 Magwood Drive — a rare opportunity to acquire two fully leased quadplexes in the heart of Summerville, offering a total of eight potentially income-producing units in one of the fastest-growing submarkets in the Charleston metro. Each building features four well-maintained 2-bedroom, 1.5-bathroom townhome-style units, designed with functionality and comfort in mind. With all eight units currently occupied and generating a combined monthly rental income of $10,850, this is potentially an ideal acquisition for investors. Current Rents by Unit: 105 Magwood Drive Unit A: $1,225 Unit B: $1,500 Unit C: $1,225 Unit D: $1,250 107 Magwood Drive Unit A: $1,400 Unit B: $1,500 Unit C: $1,500 Unit D: $1,250 Owned and meticulously maintained by the same owner for 22 years, it has benefited from $600,000 in capital improvements. The result is a fully stabilized asset with minimal maintenance concerns and immediate cash flow potential. The tenant base is remarkably stable, with average tenancies ranging from 5 to 8 years, and several long-term residents staying 12, 16, even 17 years, clear evidence of a well-managed and desirable living environment. Whether you're an experienced investor looking to expand your portfolio or a savvy buyer interested in a potential live-in investment strategy, these side-by-side quadplexes offer multiple paths to potential wealth-building. Potentially occupy one unit and offset your living expenses, or keep all eight units rented. Located just 3.7 miles from Historic Downtown Summerville, 5.5 miles from I-26, and 6.5 miles from Nexton Square, your tenants will enjoy easy access to major employers, shopping, dining, and top-rated Dorchester-2 schools. The area's robust job market, population growth, and limited multifamily inventory all make this a great potential offering. Opportunities to acquire an eight-unit portfolio with strong rental history in a growing market don't come around often. Buyer agrees to comply with all necessary documentation to facilitate a 1031 exchange, if applicable. Proof of funds or a letter of credit (LOC) from a financial institution is required prior to any showings or walkthroughs. *Rental availability and options are not guaranteed. Buyers interested in residential and other rental options must verify with any and all governing bodies. Sale includes TMS#1530500030 and TMS#1530500031

Property Sub Type

Multi Family: Yes

Roof

Asphalt: Yes

Current Use

Multi-Family: Yes

Structure Type

Multi Family: Yes
Quadruplex: Yes

Parking Type

Surface: Yes

Heating

Central: Yes

Cooling

Central Air: Yes

Road Surface Type

Concrete: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Property Features

Property Sub Type: Multi Family Current Use: Multi-Family Structure Type: Multi Family; Quadruplex Roof: Asphalt Parking Type: Surface Heating: Central Cooling: Central Air Road Surface Type: Concrete Water Source: Public Sewer: Public Sewer

Listing Office: Matt O'Neill Real Estate

Last Updated: June - 29 - 2026

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