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    6 Carolina St Charleston, SC 29403

    Sponsored
    For Sale
    Under Contract
    $2,200,000

    MULTI_FAMILY - Charleston, SC

    Property size:
    555 SF
    Lot size:
    0.11 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 5:06 am

    Property Features for 6 Carolina St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
    Bedrooms
    4
    Parking
    2
    Parking features
    Open, Garage
    Size
    555 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1935
    Number of units
    2
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Anna Gruenloh
    Anna Gruenloh

    The Exchange Company, LLC. (843) 224-6358

    Listing agent Anna Gruenloh

    Listing date Jan 23, 2026

    MLS# 26001720 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Historic Charleston Property with Rental Income

    This Downtown Charleston property features a restored main residence and a fully renovated, detached back house, suitable for rental income, multi-generational living, or a private guest suite. The main house retains historic architectural details and features 10-foot ceilings, natural light, and transom windows. The foyer includes a custom built-in cabinet framed by dual archways and a grand staircase. The living room has a bay window, and a wide opening connects it to the dining room. The kitchen features a large center island, panel-ready appliances, a six-burner ILVE gas range, and an eat-in breakfast nook with backyard access. A wet bar off the dining room includes Viola stone countertops, gold shelving, and a wine refrigerator. The house includes trim details and four original fireplace mantels. There is a study, generously scaled bedrooms, and a primary suite with a walk-in closet and an en suite bath with a double vanity with Carrara marble countertops and a Carrara-tiled shower. Additional baths include marble floors and a glass-enclosed shower, plus a half bath with Jeremiah Brent wallpaper and a Carrara-and-polished-nickel vanity. The property includes a front porch with wrought-iron railings, a long driveway, a golf cart garage, and a backyard. The detached back house includes a bedroom, a bathroom with a clawfoot tub, and a living area with vaulted ceilings. The 0.11-acre property is located in Charleston, SC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.945679
    Latitude
    32.796985

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    FAQs

    What type of property is this?
    Single family property - Restored historic residence with detached cottage, ideal for rental income.
    Where is this single family property located?
    The property is located at 6 Carolina St Charleston, SC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Rare Downtown Charleston property with a fully renovated, detached back house ideal for rental income or guest suite.; - Meticulously restored main house retains historic architectural details and requires no flood insurance.; - Spacious, light-filled kitchen with a **large center island** and a **six-burner ILVE gas range**.
    (843) 324-8936
    Request Owner's contact information
    6 Carolina St Charleston, SC 29403
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    Charleston, SC 29403
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6 Carolina St Charleston, SC 29403
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    We can help!
    Listing Contact
    Anna Gruenloh
    Anna Gruenloh
    (843) 324-8936
    Learn more
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