Block-Wide Multifamily
For Sale
Contact for pricing
Pending
321 Ashley Avenue, Charleston, SC 29403
Portfolio includes four buildings with seven units, fully leased through July 31, 2026.
Property Size12,825 SF
Days on Market140
Property Features for 321 Ashley Avenue
General Information
Standard status
Pending
Size
12,825 SF
Total Parking Spaces
9
Property subtype
Multifamily
Zoning
City of Charleston - DR-2F - Diverse Residential (Front Yards Required)
Occupancy
100%
Investment Type
Stabilized
Additional Details
Multifamily Units
7
Amenities
rooftop balconies
in-unit washer and dryers
Building Details
Year Built
2017
Buildings
4
Units
7
Tenancy
Multi
Listing Agency:
Lighthouse Real Estate
Listed By:
Joe Porter · License #70601
(843) 860-3238
Source:
Crexi
Added: Apr 22
Changed: Aug 24
Last Checked: Aug 23 at 12:19PM
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 Lighthouse Real Estate
Investment Insights
Based on property information with market context.
This block-wide multifamily portfolio consists of four buildings totaling seven units and 28 bedrooms, offered fully leased through July 31, 2026. The property includes two modern buildings constructed in 2017 totaling four units, each configured with four bedrooms and four-and-a-half baths over three expansive stories. The residences feature durable ceramic tile plank flooring, stainless-steel appliances, solid surface countertops, tiled bathroom finishes with tiled surrounds and wainscoted walls, along with vaulted ceilings, shiplap accents, rooftop balconies, and soft-close kitchen cabinetry. Each unit has en suite bathrooms and in-unit washer and dryers. The newer construction is equipped with standing-seam metal roofs, tankless water heaters, newer HVAC systems, and thermal-rated windows and doors.
Flanking the modern structures are two fully renovated historic Charleston residences, also renovated in 2017, integrated into the overall offering. One historic building fronts Ashley Avenue with two units, and the other fronts Orrs Court with one unit. The entire property is raised out of the flood zone, according to the offering materials.
Strategically located in Charleston’s historic downtown district, the property is described as being near major employers including the Medical University of South Carolina and Roper St. Francis Healthcare, and within one mile of the College of Charleston, The Citadel, and Charleston School of Law, supporting a consistent tenant pipeline.
Flanking the modern structures are two fully renovated historic Charleston residences, also renovated in 2017, integrated into the overall offering. One historic building fronts Ashley Avenue with two units, and the other fronts Orrs Court with one unit. The entire property is raised out of the flood zone, according to the offering materials.
Strategically located in Charleston’s historic downtown district, the property is described as being near major employers including the Medical University of South Carolina and Roper St. Francis Healthcare, and within one mile of the College of Charleston, The Citadel, and Charleston School of Law, supporting a consistent tenant pipeline.
Key Highlights
- Block‑wide downtown Charleston multifamily portfolio with four buildings and seven total units.
- Fully leased through July 31, 2026; historical occupancy reported at 100% with about a 10% average rental rate increase per year since 2021.
- Two modern buildings built in 2017 total four units; each unit has four bedrooms, 4.5 baths, and about 1,750 SF across three stories.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,979
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes four buildings with seven units, fully leased through July 31, 2026.
Where is this apartment building located?
The property is located at 321 Ashley Avenue Charleston, SC.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Block‑wide downtown Charleston multifamily portfolio with four buildings and seven total units.; Fully leased through July 31, 2026; historical occupancy reported at 100% with about a 10% average rental rate increase per year since 2021.; Two modern buildings built in 2017 total four units; each unit has four bedrooms, 4.5 baths, and about 1,750 SF across three stories.
