Three-Unit Historic
New
For Sale
$1,200,000
561 Rutledge Avenue #A B C, Charleston, SC 29403
Separately metered utilities and in-unit laundry serve each residence, with major appliances included.
Property Size3,023 SF
Price / SF$396.96
Days on Market5
Property Features for 561 Rutledge Avenue #A B C
General Information
Standard status
Active
Size
3,023 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
washer and dryer in each unit
private driveway
backyard space
Building Details
Year Built
1930
Listing Agency:
Maison Real Estate
Listed By:
Southern Bell Living
(843) 287-9888
Source:
Southernbellliving
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 7:02PM
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 Maison Real Estate
Investment Insights
Based on property information with market context.
This 1930 triplex contains three units totaling 3,023 square feet. Each residence has its own electric and water meter, washer and dryer, and major appliances, which convey with the sale. All units are described as being in very good condition; the property is offered in as-is condition.
A private driveway provides stacked parking, and tenants may obtain city-issued street parking stickers. The property also includes backyard space.
A private driveway provides stacked parking, and tenants may obtain city-issued street parking stickers. The property also includes backyard space.
Key Highlights
- Three‑unit triplex with 3,023 square feet
- Built in 1930
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,594
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,880
$791.9K
Cap Rate 7%
$565,629
$565.6K
Cap Rate 9%
$439,933
$439.9K
Market Conditions
NOI Build-Up for 3,023 SF
Gross rent
$59.9K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.6K $18.71/SF
− OpEx
−$17.0K −$5.61/SF
NOI
$39.6K $13.10/SF
Area
Charleston, SC
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,880
Cap Rate 7%
$565,629
Cap Rate 9%
$439,933
Alternative Uses
Best Use
Multifamily LT 5
$565.6K
$494.9K – $659.9K
NOI $39,594 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$524.2K
$458.7K – $611.6K
NOI $36,694 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$818.1K
$715.8K – $954.4K
NOI $57,265 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,299
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separately metered utilities and in-unit laundry serve each residence, with major appliances included.
Where is this triplex located?
The property is located at 561 Rutledge Avenue #A B C Charleston, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,023 square feet; Built in 1930; Separate electric and water meters for each unit
