515 Rutledge Ave Charleston, SC 29403
Westside NeighborhoodHighlights
- Furnished
- Laundry Facilities
- No Heating
- Cooling Available
- Wood Siding
- 1-minute walk to Mitchell Playground
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 5,663 Sq Ft Lot
Parking
- Open Parking
Home Design
- Duplex
- Asphalt Roof
- Wood Siding
Interior Spaces
- 8 Bedrooms
- 3,024 Sq Ft Home
- 2-Story Property
- Furnished
- Fire Sprinkler System
Laundry
- Dryer
- Washer
Schools
- James Simons Elementary School
- Simmons Pinckney Middle School
- Burke High School
Utilities
- Cooling Available
- No Heating
Community Details
Overview
- 8 Units
- Westside Subdivision
Additional Features
- Laundry Facilities
- Gross Income $168,069
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,654 | $24,150 | $0 | $0 |
| 2023 | $6,849 | $24,150 | $0 | $0 |
| 2022 | $6,377 | $24,150 | $0 | $0 |
| 2021 | $6,298 | $24,150 | $0 | $0 |
| 2020 | $6,251 | $24,150 | $0 | $0 |
| 2019 | $5,704 | $21,000 | $0 | $0 |
| 2017 | $5,445 | $21,000 | $0 | $0 |
| 2016 | $5,265 | $21,000 | $0 | $0 |
| 2015 | $6,004 | $21,000 | $0 | $0 |
| 2014 | $5,940 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2025 11/22/25 | For Sale | $1,799,000 | -- | $595 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $180,000 | None Available | |
| Deed | $280,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $12,000 | -- | |
| Quit Claim Deed | $18,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | $5,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $4,500 | Lowcountry Title Services Ll |
Source: CHS Regional MLS
MLS Number: 25031124
APN: 460-07-02-217
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