Three-Unit Historic
For Sale
$1,200,000
561 Rutledge Ave Unit A B C, Charleston, SC 29403
Three separately metered residences include in-unit laundry and major appliances.
Property Size3,023 SF
Price / SF$396.96
Days on Market18
Property Features for 561 Rutledge Ave Unit A B C
General Information
Standard status
Active
Size
3,023 SF
Property subtype
Multi-Family
Additional Details
Furnished
No
Utilities to Site
Yes
Multifamily Units
3
Amenities
washer/dryer
private driveway
backyard
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Charleston West Ashley
Listed By:
Bobbie Rose
(843) 737-6780
Source:
Findyourcharlestonareahome
Added: Sep 26
Changed: Oct 7
Last Checked: Oct 12 at 8:11PM
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
Investment Insights
Based on property information with market context.
Built in 1930, this 3,023-square-foot triplex contains three units, each with its own electric and water meters. All residences include a washer and dryer, and the major appliances convey with the property. The units are in very good condition and the sale is offered in as-is condition.
A private driveway provides stacked parking, with additional city-issued street parking stickers available to tenants. The property also includes a backyard.
A private driveway provides stacked parking, with additional city-issued street parking stickers available to tenants. The property also includes a backyard.
Key Highlights
- Three units within 3,023 square feet
- Separately metered electric and water for each unit
- Washer and dryer in every residence; 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.
How Realmo checks its estimates
Property Analytics
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
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 - Three separately metered residences include in-unit laundry and major appliances.
Where is this triplex located?
The property is located at 561 Rutledge Ave 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 units within 3,023 square feet; Separately metered electric and water for each unit; Washer and dryer in every residence; major appliances convey
