Historic Three-Unit
561 Rutledge Avenue # C Unit A B C, Charleston, SC 29403
For Sale
$1,200,000
Each residence has separate electric and water meters, plus in-unit laundry and appliances that convey.
Property Size3,023 SF
Price / SF$396.96
Days on Market41
Property Features for 561 Rutledge Avenue # C Unit A B C
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
washer and dryer
private driveway
backyard space
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Charleston West Ashley
Listed By:
Bobbie Rose
(843) 708-1535
Source:
Crowncoast
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 9 at 7:38AM
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 Keller Williams Realty Charleston West Ashley
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Investment Insights
Based on property information with market context.
Dating to 1930, this 3,023-square-foot triplex in Charleston contains three residences, each equipped with a washer, dryer, and major appliances. Electric and water service are separately metered for each unit. The property is being sold in as-is condition; all units are described as being in very good condition.
A private driveway provides stacked parking, with additional backyard space. Tenants may obtain city-issued street parking stickers. The property is located at 561 Rutledge Avenue in Charleston, South Carolina.
A private driveway provides stacked parking, with additional backyard space. Tenants may obtain city-issued street parking stickers. The property is located at 561 Rutledge Avenue in Charleston, South Carolina.
Key Highlights
- Three residences in a 3,023‑square‑foot property built in 1930
- Electricity and water are separately metered for each unit
- Washer, dryer, and major appliances convey with all three units
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has separate electric and water meters, plus in-unit laundry and appliances that convey.
Where is this triplex located?
The property is located at 561 Rutledge Avenue # C Unit 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 residences in a 3,023‑square‑foot property built in 1930; Electricity and water are separately metered for each unit; Washer, dryer, and major appliances convey with all three units
