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    46 Queen St Charleston, SC 29401

    For Sale
    $9,745,000

    16 Units, Prime Location, High Occupancy

    Property size:
    13,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional multifamily investment opportunity presents 16 units in Charleston's Historic District, commanding a prime location near Waterfront Park and the Mills House Hotel. The property comprises three buildings, totaling 13,334 square feet, built in 1890 (with portions dating back to circa 1799), and featuring a mix of unit sizes: nine one-bedroom/one-bathroom units, five two-bedroom/two-bathroom units, one three-bedroom/three-bathroom unit, and one commercial unit. All units are currently 100% occupied. The buildings boast charming historic details, including wide piazzas, exposed brick walls, and exposed wooden beams, while offering modern amenities such as fire sprinklers and full basements with poured concrete floors. The property includes 16 off-street parking spaces, a significant advantage in this desirable area. The buildings are situated on a 0.13-acre lot and are zoned SR-5. This property offers a unique blend of historical charm and modern functionality, presenting a compelling investment opportunity in Charleston's thriving real estate market. The asking price is $9,745,000, representing $730.84 per square foot and $609,062.50 per unit. The property's four stories and its combination of residential and commercial space provide significant flexibility for future development and income generation. This is a rare chance to acquire a piece of Charleston's rich history and capitalize on its enduring appeal.

    Property Features for 46 Queen St

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,334 SF
    Class
    A
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1890
    Buildings
    3
    Stories
    4
    Units
    16

    HighLights

    • 15 residential units and 1 commercial unit
    • 22 bedrooms, 22 bathrooms
    • 16 off‑street parking spaces
    • Full basements with poured concrete floors
    • Prime waterfront location near Waterfront Park
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.92988254959
    Latitude
    32.778231361395

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    FAQs

    What type of property is this?
    Multifamily property - 16 Units, Prime Location, High Occupancy
    Where is this multifamily property located?
    The property is located at 46 Queen St Charleston, SC.
    What is the asking price?
    The asking price for this property is $9,745,000.
    What are key features of this property?
    This property features: 15 residential units and 1 commercial unit; 22 bedrooms, 22 bathrooms; 16 off-street parking spaces
    (843) 823-4078
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    46 Queen St Charleston, SC 29401
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    Charleston, SC 29401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46 Queen St Charleston, SC 29401
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