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Downtown Charleston Multifamily Investment Opportunity

517 Rutledge Ave, Charleston, SC 29403

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For Sale

$1,100,000

Four-unit multifamily property in desirable Downtown Charleston location.

Type:Multifamily

HighLights

Rare opportunity to acquire a multifamily asset in the supply‑constrained and highly desirable Downtown Charleston rental market.
Strong tenant demand due to historic charm, walkability, proximity to employment centers, and access to amenities.
Stable in‑place income with long‑term appreciation potential.
Located in a premier location that attracts high‑quality renters.
Benefits from a diverse employment base including major healthcare, education, and tourism sectors.
Strong rent growth and high occupancy levels due to constrained housing supply.

We can help!

Listing Contact

William D. Graves Jr.

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For Sale

$1,100,000

Four-unit multifamily property in desirable Downtown Charleston location.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 68
Last Refresh:: Apr 3 at 4:58 am

Property Features for 517 Rutledge Ave

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

William D. Graves Jr.

Listing agent William D. Graves Jr. License #SC: 95930

Listing office Charleston Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Office

HighLights

Rare opportunity to acquire a multifamily asset in the supply‑constrained and highly desirable Downtown Charleston rental market.
Strong tenant demand due to historic charm, walkability, proximity to employment centers, and access to amenities.
Stable in‑place income with long‑term appreciation potential.
Located in a premier location that attracts high‑quality renters.
Benefits from a diverse employment base including major healthcare, education, and tourism sectors.
Strong rent growth and high occupancy levels due to constrained housing supply.

Overview

Located in Downtown Charleston, South Carolina, the property at Rutledge Avenue is a four-unit multifamily building constructed in 1963. This property presents a chance to acquire a small-scale multifamily asset within a supply-constrained rental market in the Southeast. Downtown Charleston benefits from tenant demand due to its historic charm, walkability, proximity to employment centers, and access to dining, retail, and cultural amenities. The area is supported by a diverse employment base including MUSC, Roper St. Francis Healthcare, the College of Charleston, the medical district, government offices, and the hospitality and tourism sectors. With zoning regulations, preservation requirements, and limited land for new development, Downtown Charleston experiences constrained housing supply, which has historically driven rent growth and high occupancy levels. The property is well positioned to capitalize on these market dynamics, offering investors stable in-place income with long-term appreciation potential in one of South Carolina’s established urban cores. The property is ideal for investors seeking a boutique multifamily asset in a premier location that attracts high-quality renters and maintains pricing power through economic cycles.

Location Intelligence

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Quadplexes

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Location Insight

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Local Demand

City: Charleston
County: Berkeley
State: South Carolina
Longitude: -79.9491249
Latitude: 32.7936711

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For sale
Quadplexes
SC
Charleston
29403
517 Rutledge Ave

What type of property is this?

Quadplex - Four-unit multifamily property in desirable Downtown Charleston location.

Where is this quadplex located?

The property is located at 517 Rutledge Ave Charleston, SC.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Rare opportunity to acquire a multifamily asset in the supply‑constrained and highly desirable Downtown Charleston rental market.; Strong tenant demand due to historic charm, walkability, proximity to employment centers, and access to amenities.; Stable in‑place income with long‑term appreciation potential.