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    194-196 Rutledge Ave Charleston, SC 29403

    For Sale
    $3,250,000

    Residential Income - Charleston, SC

    Property size:
    6,025 SF
    Lot size:
    0.20 Acres
    Days on Market:
    259
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 194-196 Rutledge Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Conforming
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Size
    6,025 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Number of units
    5
    Architectural style
    Other

    Charleston Connection Real Estate Services (843) 284-6873 [email protected]

    Listing agent Josh Schaap (843) 284-6873

    Listing date Mar 22, 2025

    MLS# 25007619 Listing URL

    Copyright © 2025 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charleston Residential Income Opportunity

    Located in Charleston, South Carolina, 194-196 Rutledge Avenue, known as ''The Rutledge Ave Inn'', is a five-unit property operating as a bed and breakfast in the Short-Term Rental Overlay. To qualify for B&B/STR, the property must be a primary residence. The main house, 196 Rutledge, was built in 1910 and renovated in 2008. It features four rental units: two 2-bedroom, 2.5-bathroom units (A & B) and two 1-bedroom, 1-bathroom units (C & D). These units combine modern luxury finishes with historic charm. Built in 2008, the Cottage at 194 Rutledge is a two-level, 2-bedroom, 2.5-bathroom detached house with a private fenced yard and back porch. The cottage is set back from the street. The property has a lot size of 0.2 acres and a living area of 6,025 square feet. The property can be used as residential income, short term rental, bed & breakfasts, hospitality property, apartment buildings, and multifamily property.
    Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Nicholas, Wentworth Mansion ®, Test, Wortham House, Kings Courtyard Inn

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.946171
    Latitude
    32.788511

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    FAQs

    What type of property is this?
    Bed & breakfast - Five-unit property operating as a bed and breakfast in Charleston, SC.
    Where is this bed & breakfast located?
    The property is located at 194-196 Rutledge Ave Charleston, SC.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Operating 5-unit Bed and Breakfast in Short-Term Rental Overlay (potential for income).; - Main house renovated to studs in 2008, blending modern luxury with historic charm.; - Includes four rental units in main house: two 2BR/2.5BA units and two 1BR/1BA units.
    (843) 284-6873
    Request Owner's contact information
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    Charleston, SC 29403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    194-196 Rutledge Ave Charleston, SC 29403
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