517 Rutledge Ave - Apartments FOR SALE


Charleston, SC 29403- Westside Charleston
$1,100,000 USD
803-371-7839
517 Rutledge Ave, Charleston, SC for Sale
$1,100,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

517 Rutledge Ave
Charleston, SC 29403
Westside Charleston


HIGHLIGHTS

  • Rare Opportunity to Acquire a Four-Unit Multifamily Asset in the Highly Supply-Constrained Downtown Charleston Market
  • Boutique Property Size Offers Manageable Operations While Maintaining Attractive Investment Scale
  • Downtown Location Provides Walkability and Proximity to Major Employers, Healthcare, Universities, and Government Offices
  • Vintage Construction Built in the 1960s with Durable Design and Long-Term Rental Appeal
  • Strong Long-Term Appreciation Potential Supported by Limited New Supply and Consistent Tenant Demand

OVERVIEW

Marcus & Millichap is pleased to present Rutledge Avenue, a four-unit multifamily property located in Downtown Charleston, South Carolina. Built in 1963, the property offers investors a rare opportunity to acquire a small-scale multifamily asset in one of the most supply-constrained and desirable rental markets in the Southeast. Downtown Charleston benefits from strong tenant demand driven by its historic charm, walkability, proximity to major employment centers, and access to premier dining, retail, and cultural amenities. The area is supported by a diverse employment base including MUSC, Roper St. Francis Healthcare, the College of Charleston, the medical district, government offices, and the hospitality and tourism sectors. With strict zoning regulations, preservation requirements, and limited land for new development, Downtown Charleston continues to experience constrained housing supply, which has historically driven strong rent growth and high occupancy levels. Rutledge Avenue is well positioned to capitalize on these market dynamics, offering investors stable in-place income with long-term appreciation potential in one of South Carolina’s most established urban cores. The property is ideal for investors seeking a boutique multifamily asset in a premier location that consistently attracts high-quality renters and maintains strong pricing power through economic cycles.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rutledge Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

460-07-02-218

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.