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Operating Bed And Breakfast
For Sale
$2,995,000
Pending

194-196 Rutledge Ave, Charleston, SC 29403

Historic Charleston lodging property with renovated interiors, multiple guest accommodations, and a detached cottage with private outdoor space.

Property Size4,300 SF
Days on Market577

Property Features for 194-196 Rutledge Ave

General Information

Standard status Pending
Size 4,300 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/2.5BA, 2 x 1BR/1BA, 1 x 2BR/2.5BA
Multifamily Units 5

Building Details

Year Built 1910
Buildings 2
Listing Agency: Charleston Commercial
Listed By: Josh Schaap · License #55385
Source: Findahomecharleston
Added: Mar 21, 2025 Changed: Oct 16 Last Checked: Oct 16 at 9:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charleston Commercial

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Investment Insights

Based on property information with market context.

The Rutledge Ave Inn is an existing, operating five-unit bed and breakfast comprising a renovated historic main house and a detached cottage. The main residence was built in 1910 and renovated down to the studs in 2008. Its four guest units include two 2BR/2.5BA residences and two 1BR/1BA residences, with modern finishes integrated into the historic structure.

Built in 2008, the two-level cottage provides a separate 2BR/2.5BA accommodation with a private fenced yard and back porch. Set back from Rutledge Ave, it offers a distinct setting apart from the main house. The property is located in Charleston’s Short-Term Rental Overlay; operating as a B&B or short-term rental requires the owner’s primary residence.

Key Highlights

  • Five‑unit existing and operating bed and breakfast
  • 4,300‑square‑foot property in Charleston, SC
  • Main house built in 1910 and renovated down to the studs in 2008

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Electrical Service Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store Butcher Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

7,054
Businesses Nearby

Demographics for 29403, SC

21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Historic Charleston lodging property with renovated interiors, multiple guest accommodations, and a detached cottage with private outdoor space.
Where is this short term rental property located?
The property is located at 194-196 Rutledge Ave Charleston, SC.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Five‑unit existing and operating bed and breakfast; 4,300‑square‑foot property in Charleston, SC; Main house built in 1910 and renovated down to the studs in 2008
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