Rutledge Avenue 517 Rutledge Ave 4 Unit Apartment Building $1,100,000 ($275,000/Unit) Charleston, SC 29403

Marcus & Millichap is pleased to present Rutledge Avenue, a four-unit multifamily property located in Downtown Charleston, South Carolina. Built in 1963, the property offers investors a rare opportunity to acquire a small-scale multifamily asset in one of the most supply-constrained and desirable rental markets in the Southeast.
Downtown Charleston benefits from strong tenant demand driven by its historic charm, walkability, proximity to major employment centers, and access to premier dining, retail, and cultural amenities. The area is supported by a diverse employment base including MUSC, Roper St. Francis Healthcare, the College of Charleston, the medical district, government offices, and the hospitality and tourism sectors. With strict zoning regulations, preservation requirements, and limited land for new development, Downtown Charleston continues to experience constrained housing supply, which has historically driven strong rent growth and high occupancy levels.
Rutledge Avenue is well positioned to capitalize on these market dynamics, offering investors stable in-place income with long-term appreciation potential in one of South Carolina’s most established urban cores. The property is ideal for investors seeking a boutique multifamily asset in a premier location that consistently attracts high-quality renters and maintains strong pricing power through economic cycles.