Located in the highly desirable West Ashley submarket of Charleston, The Avalon presents a rare opportunity to acquire two renovated triplexes in one of the Southeast’s strongest rental markets. Each property features spacious 900 sq ft, two-bedroom, one-bathroom units, situated on .4 acres +/-, with both producing reliable cash flow at below market rents in an area where rental demand continues to outpace supply. With six total units, this property offers investors a scalable multifamily asset in a market characterized by population growth, rising incomes, and limited housing availability.
Charleston is a nationally recognized economic and cultural hub, recently ranked among the fastest-growing metropolitan areas in the United States. The city benefits from a diverse and expanding economic base anchored by aerospace, automotive, healthcare, and a vibrant tourism industry that draws millions of visitors annually. Major employers such as Boeing, Volvo, the Medical University of South Carolina, and Joint Base Charleston create a broad employment foundation that supports long-term housing stability. West Ashley itself is one of Charleston’s most established and desirable submarkets, known for its strong schools, convenient access to downtown, and proximity to key retail, dining, and recreation destinations.
For investors, the fundamentals of this asset are particularly compelling. The combination of unit mix, market rents, and location provides both immediate income, with the opportunity to push rents to submarket levels, and long-term appreciation potential. Charleston’s strict zoning, geographic barriers to development, and sustained population growth ensure persistent upward pressure on rents and property values. With stabilized occupancy, strong tenant demand, and proven rental performance, The Avalon offers a durable investment in a high-barrier-to-entry market positioned for continued growth.