Five-Unit Bed and
194-196 Rutledge Avenue, Charleston, SC 29403
For Sale
$2,995,000
Under Contract
Residential Income, Charleston, SC
Property Size5,850 SF
Lot Size0.20 Acres
Price / SF$511.97
Days on Market605
Property Features for 194-196 Rutledge Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Rooms
Interior features
Subdivision
Elementary school
Middle school
High school
Standard status
Size
Lot size
Additional Details
Currently Operating
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Charleston Commercial
Listed By:
Josh Schaap
(843) 284-6873
Added: Mar 20, 2025
Changed: Oct 25
Last Checked: Nov 14 at 12:06AM
MLS# 25007619
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.
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Investment Insights
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The Rutledge Avenue property contains five operating rental units across a main house and a detached cottage. Built in 1910, the main house was renovated in 2008 and provides four units: two with 2 bedrooms and 2.5 bathrooms each, and two with 1 bedroom and 1 bathroom each. The 5,850-square-foot property also includes a two-level cottage built in 2008, configured with 2 bedrooms and 2.5 bathrooms, plus a private fenced yard and back porch. Central air conditioning and natural gas and electric heating serve the property.
The property is located within a Short-Term Rental Overlay. The remarks specify that qualifying for B&B or short-term rental use requires the operator to make the property their primary residence.
The property is located within a Short-Term Rental Overlay. The remarks specify that qualifying for B&B or short-term rental use requires the operator to make the property their primary residence.
Key Highlights
- Five operating rental units across a main house and detached cottage
- Main house dates to 1910 and was renovated in 2008
- Two main‑house units have 2BR/2.5BA; two have 1BR/1BA
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
7,054
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Operating lodging property combines a renovated historic main house with a detached cottage and modern interior finishes.
Where is this bed & breakfast located?
The property is located at 194-196 Rutledge Avenue 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 operating rental units across a main house and detached cottage; Main house dates to 1910 and was renovated in 2008; Two main‑house units have 2BR/2.5BA; two have 1BR/1BA
