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  • $1,170,000

    918 Sea Gull Dr #A-d, Mount Pleasant, SC 29464

    10beds
    5baths
    4,368sqft
    Quadruplex
    Built in 1976
    -- sqft lot
    $1,177,500 Zestimate®
    $268/sqft
    $5,521 Estimated rent

    Home value

    $1,177,500

    $1.12M - $1.24M

    $5,521/mo

    Zestimate® history
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    $5,268/mo

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    What's special

    918 Sea Gull Drive presents investors with a rare opportunity to acquire a stabilized Quadplex in South Mount Pleasant, one of Charleston's most desirable submarkets. Comprised of two 3-bedroom / 1.5-bath units and two 2-bedroom / 1-bath units, collectively generating $8,000 per month ($96,000 annually) in current income. At 1.2m, the asset reflects a 6.3% cap rate on in-place income, assuming a 35% expense ratio. All tenants are on month-to-month leases, providing immediate flexibility for rental growth. Current rents are below market, with comparable two-bedroom units averaging $2,620 and three-bedroom units averaging $2,980, creating strong upside potential. Pro forma rents at market levels suggest annual income could exceed $136,800, yielding an 8.3% cap.

    Zillow last checked:

    Listing updated:

    Listed by:

    Three Real Estate LLC

    Bought with:

    Matt O'Neill Real Estate

    Source: CTMLS,MLS#: 25027072MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    Heating
    • Central
    Cooling
    • Central Air
    Interior area
    • Total structure area: 4,368
    • Total interior livable area: 4,368 sqft

    Property

    Features
    • Stories: 2
    Lot
    • Size: 9,583 Square Feet

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1976

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Dominion Energy, Mt. P. W/S Comm

    Community & HOA

    Community
    • Subdivision: Shemwood
    Location
    • Region: Mount Pleasant

    Financial & listing details

    • Price per square foot: $268/sqft
    • Date on market: 10/6/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    12/18/2025Sold$1,170,000-2.4%$268/sqft
    Source: CTMLS #25027072 Report a problem
    10/6/2025Listed for sale$1,199,000$274/sqft
    Source: CTMLS #25027072 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 29464

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: James B Edwards
    • Middle: Moultrie
    • High: Lucy Beckham

    Source: CTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,177,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,177,500