Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    991 Rochelle Avenue Charleston, SC 29407

    View on Map
    Claim this Listing
    For Sale
    $255,000

    MULTI_FAMILY - Charleston, SC

    Property size:
    918 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $277/SF
    Added:
    Aug 14, 2025
    Days on Market:
    266
    Last Refresh:
    May 6 at 12:06 pm

    Property Features for 991 Rochelle Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 2, Kitchen, Family Room, Bathroom 2, Bedroom 1
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Eat-in Kitchen, Family
    Standard status
    Active
    Size
    918 SF
    Lot size
    0.02 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Tile - Ceramic, Vinyl
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Colby Chisholm
    Colby Chisholm

    Listing agent Colby Chisholm

    Listing office Keller Williams Realty Charleston West Ashley Charleston, SC

    Listing date Aug 14, 2025

    MLS# 25022408 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.

    HighLights

    • Turn‑key investment with immediate cash flow from existing lease.
    • Convenient location inside I‑526, close to West Ashley, shopping, restaurants, and downtown Charleston.
    • Strong and consistent rental history.
    • Features two bedrooms and two bathrooms.
    • Single‑story end‑unit with inviting layout and abundant natural light.
    • Built in 2006.

    Overview

    Charleston Investment Property For Sale

    This single-story end-unit is located inside I-526 and is currently leased on a one-year contract, presenting a turn-key investment opportunity with immediate cash flow. The property has a strong and consistent rental history. The home includes 2 bedrooms and 2 bathrooms, featuring an inviting layout and abundant natural light. Located at 991 Rochelle Avenue, Charleston, SC 29407, the property is situated on a lot of 0.02 acres and offers 918 square feet of space. The location provides convenient access to West Ashley restaurants, shopping, I-526, and downtown Charleston. This property is suitable for expanding a rental portfolio or for future personal use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.02107
    Latitude
    32.796576

    Nearby Similar for Sale

    • $2,650,000
      4,923 SF

      Historic Charleston Mixed-Use Building

      Three-story mixed-use building in Charleston's historic commercial corridor.
      59 Broad Street, Charleston, SC 29401
      View Details
    • $650,000
      1,592 SF

      Charleston Duplex Investment Opportunity

      Income-producing duplex near Downtown Charleston and Folly Beach.
      767 Bermuda Street, Charleston, SC 29412
      View Details
    • $4,695,000
      7,159 SF

      Charleston Multifamily Investment Opportunity

      Nine-unit property blending historic charm with modern luxury.
      176-178 Broad Street, Charleston, SC 29401
      View Details
    • $1,974,000
      2,820 SF

      South of Broad Multifamily Property

      Multifamily property in unbeatable South of Broad location.
      3 Rutledge Boulevard, Charleston, SC 29401
      View Details
    • $899,900
      1,461 SF

      Renovated Duplex in Downtown Charleston

      Turnkey duplex near Meeting and East Bay Streets, Charleston.
      68 Lee Street, Charleston, SC 29403
      View Details
    • $1,875,000
      2,874 SF

      Income Property in Radcliffeborough Neighborhood

      Versatile income-producing property in downtown Charleston near King Street.
      208 Calhoun Street, Charleston, SC 29401
      View Details
    • $799,000
      2,017 SF

      Renovated Duplex Near Downtown Charleston

      Turn-key duplex investment opportunity near downtown Charleston.
      1038 Harbor View Road, Charleston, SC 29412
      View Details
    • $2,700,000
      4,300 SF

      Historic Downtown Charleston Triplex

      Three-unit home in the heart of Radcliffeborough.
      77 Pitt Street, Charleston, SC 29403
      View Details
    • $1,199,000
      2,800 SF

      Renovated Historic Duplex in Charleston

      Turn-key duplex in downtown Charleston's vibrant Eastside neighborhood.
      66 America Street unit: A&B, Charleston, SC 29403
      View Details
    • $900,000
      2,412 SF

      Charleston Triplex in Westside

      Triplex in Charleston's Westside with renovation potential.
      16 Killians Street, Charleston, SC 29403
      View Details
    • $339,000
      1,269 SF

      West Ashley Multifamily Opportunity

      Duplex in good condition with potential for expansion.
      1507 Evergreen Street, Charleston, SC 29407
      View Details
    • $5,100,000
      11,752 SF

      Historic Charleston Multifamily Investment Opportunity

      Restored 4-unit building in Charleston's Historic District.
      241 East Bay Street, Charleston, SC 29401
      View Details

    FAQs

    What type of property is this?
    Single family property - Turn-key investment opportunity with immediate cash flow in Charleston, SC.
    Where is this single family property located?
    The property is located at 991 Rochelle Avenue Charleston, SC.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: Turn‑key investment with immediate cash flow from existing lease.; Convenient location inside I‑526, close to West Ashley, shopping, restaurants, and downtown Charleston.; Strong and consistent rental history.
    (843) 737-6780
    We can help!
    Listing Contact
    Colby Chisholm
    Colby Chisholm
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    991 Rochelle Avenue, Charleston, SC 29407
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!