Renovated Charleston Duplex Investment
63 Montagu St Charleston, SC 29401
63 Montagu St, Charleston, SC, 29401
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For Sale
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Income-producing duplex near MUSC, Roper Hospital, and Broad Street.
Property Size3,092 SF
Price / SF$420.12
Days on Market122
Property Features for 63 Montagu St
General Information
- Standard status
- Active
- Size
- 3,092 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1922
Listing Agency
Coldwell Banker Commercial Atlantic
(843) 744-9877
Listed by
Kristen Krause · License #83716
Source
Crexi
Added: Mar 18 Checked: Jul 16 at 3:34 am
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 Coldwell Banker Commercial Atlantic
Investment Insights
Based on property information with market context.
Located in downtown Charleston, 63 Montague Street is a renovated historic duplex offering immediate rental income. Situated on a corner lot, the property is within walking distance of MUSC, Roper Hospital, Colonial Lake, and Broad Street. This turnkey asset includes two units with a total of 5 bedrooms and 4 full bathrooms, along with 2 off-street parking spaces. The property combines Southern character with modern luxury. Original hardwood floors have been restored, complemented by trim work and preserved architectural details. High-end contemporary finishes include premium appliance packages, designer lighting, and custom tile and bath designs. Large windows in both units offer natural light. Designed for investors and end-users, this duplex offers the durability, efficiency, and low maintenance. Double front and rear porches provide outdoor space. The corner lot orientation enhances privacy and light exposure. The property can be operated as an income-producing investment, or individual units can be purchased separately. One unit can be owner-occupied while leasing the other. The property has long-term appreciation potential and immediate income capability. A pool is currently under construction and available at an additional cost. Furniture may be negotiated separately. The property size is 3092 square feet.
Key Highlights
- Prime downtown Charleston location: Walking distance to MUSC, Roper Hospital, Colonial Lake, and Broad Street.
- Fully renovated, income‑producing duplex: Turnkey asset with immediate rental income potential.
- Two off‑street parking spaces: A rare and valuable amenity in downtown Charleston.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $19.80 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $57.9k | $18.71 |
| − OpEx | −$17.4k | −$5.61 |
| NOI | $40.5k | $13.10 |
3,092 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.5K
$506.2K – $675.0K
NOI $40,498 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$536.2K
$469.1K – $625.5K
NOI $37,531 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$836.7K
$732.2K – $976.2K
NOI $58,572 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Income-producing duplex near MUSC, Roper Hospital, and Broad Street.
Where is this duplex located?
The property is located at 63 Montagu St Charleston, SC.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime downtown Charleston location: Walking distance to MUSC, Roper Hospital, Colonial Lake, and Broad Street.; Fully renovated, income‑producing duplex: Turnkey asset with immediate rental income potential.; Two off‑street parking spaces: A rare and valuable amenity in downtown Charleston.
