Triplex with Private
New
For Sale
$1,200,000
561 Rutledge Avenue, Charleston, SC 29403
Residential Income, Charleston, SC
Property Size3,023 SF
Lot Size0.07 Acres
Price / SF$396.96
Days on Market6
Property Features for 561 Rutledge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Conforming
Bedrooms
6
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3
Parking
2
Interior features
Ceiling Fan(s)
Elementary school
Mitchell
Middle school
Simmons Pinckney
High school
Burke
Directions
From I-26 E. Take The Rutledge Ave. Exit And Continue On Rutledge To 561. It Will Be On The Right Just Past Sumter.
Subdivision
52 - Peninsula Charleston Outside of Crosstown
Standard status
Active
Size
3,023 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer
backyard space
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Keller Williams Realty Charleston West Ashley
(843) 737-6780
Listed By:
Bobbie Rose
(843) 708-1535
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 5 at 9:06PM
MLS# 26027245
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.
Investment Insights
Based on property information with market context.
This 3,023-square-foot triplex at 561 Rutledge Avenue contains three residential units and dates to 1930. Each unit has a washer and dryer, and the major appliances are included. Electric and water are separately metered for each residence. The property has central air, electric heat, vinyl siding, and public water and sewer service.
The 0.07-acre parcel includes a private driveway with stacked parking and a backyard. All three units are in very good condition and the sale is in as-is condition. The address is in Charleston, South Carolina.
The 0.07-acre parcel includes a private driveway with stacked parking and a backyard. All three units are in very good condition and the sale is in as-is condition. The address is in Charleston, South Carolina.
Key Highlights
- Three residential units in a 3,023‑square‑foot building
- Electric and water separately metered for each unit
- Washer and dryer in every unit; major appliances convey
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
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include in-unit laundry and major appliances, with electric and water metered individually.
Where is this triplex located?
The property is located at 561 Rutledge Avenue 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 residential units in a 3,023‑square‑foot building; Electric and water separately metered for each unit; Washer and dryer in every unit; major appliances convey
