Trophy Multifamily Investment: 6.05% Cap Rate in Downtown CharlestonSecure a high-performing, turnkey asset in the city's most coveted rental corridor. This meticulously maintained property features eight private suites across two units, each functioning as a self-contained ''micro-apartment'' with its own kitchenette, bathroom, and private entrance--perfect for the high-demand professional and student markets. Upgraded with modern mini-splits, timeless hardwood floors, and a residential fire sprinkler system, this property offers peace of mind and low overhead. With rare on-site parking for eight vehicles and a prime location steps from MUSC and the College of Charleston, this is a rare ''set-and-forget'' addition to any portfolio.
Active
$1,799,000
515 Rutledge Ave, Charleston, SC 29403
8beds
8baths
3,024sqft
Est.:
Duplex
Built in 1930
-- sqft lot
$1,626,000 Zestimate®
$595/sqft
$-- HOA
What's special
Eight private suitesUpgraded with modern mini-splitsTimeless hardwood floorsResidential fire sprinkler system
- 110 days |
- 603 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: 18 hours ago
Listed by:
Agent Group Realty Charleston
Source: CTMLS,MLS#: 25031124
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Cooling
- Other
Interior area
- Total structure area: 3,024
- Total interior livable area: 3,024 sqft
Property
Features
- Stories: 2
Lot
- Size: 5,662.8 Square Feet
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Charleston Water Service, Dominion Energy
Community & HOA
Community
- Features: Laundry
- Security: Fire Sprinkler System
- Subdivision: Westside
Location
- Region: Charleston
Financial & listing details
- Price per square foot: $595/sqft
- Date on market: 11/22/2025
- Listing terms: Cash,Conventional
Estimated market value
$1,626,000
$1.54M - $1.71M
$4,028/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2025 | Listed for sale | $1,799,000$595/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$9,772/mo
Principal & interest
$9277
Property taxes
$495
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Climate risks
Neighborhood: Westside
Nearby schools
GreatSchools rating
- 2/10Mitchell Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Simmons Pinckney Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Burke High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: James Simons
- Middle: Simmons Pinckney
- High: Burke
Source: CTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








