$965,000
$130K PRICE DROP

Estimated payment $5,379/month

Total Views 7,980
5 Beds
-- Bath
1,461 Sq Ft
$661 Price per Sq Ft

Highlights

  • Central Air
  • Wood Siding
  • 3-minute walk to Martin Park Playground
  • Ceiling Fan
  • Heating Available

About This Home

Downtown Charleston Duplex - Turnkey Rental Investment. This fully renovated duplex presents a compelling opportunity for investors looking to enter or expand in the thriving Charleston rental market. Located in the historic Cannonborough-Elliotborough neighborhood--just off Meeting St and East Bay St--this 2-unit property offers versatility & strong income potential in a rapidly developing corridor of downtown. The duplex totals 1,461 square feet. The ground-floor Unit B is leased for $2500. features 2 bedrooms, 1 bathroom, a full kitchen, and laundry area ideal for long-term rental. Unit A spans the second and third floors and includes 3 bedrooms, 1.5 bathrooms, a living room, kitchen, and a spacious flex loft that functions well as a third bedroom or home office. Unit A& B are for leaseThis location is in high demand, just minutes from major institutions including the College of Charleston, MUSC, The Citadel, and Charleston School of Law. It's also walking distance to the newly updated MLK Jr. Park and Pool featuring pickleball and basketball courtsan added amenity for tenants. One off-street parking space is included, and Charleston International Airport is just 10 miles away. This completed remodeled duplex is a turn key income producing property in a market with rising rents and limited inventory. Whether you're targeting student housing, or long-term rental yields, this downtown duplex checks all the boxes for location, design, and long-term upside.

Listing Agent

Kristen Krause

Coldwell Banker Comm/Atlantic Int'l License #83716 Listed on: 04/22/2025

Coldwell Banker Comm/Atlantic Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,397

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Duplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 5 Bedrooms
  • 1,461 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Electric Range

Laundry

  • Dryer
  • Washer

Schools

  • Sanders Clyde Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Central Air
  • Heating Available

Community Details

Overview

  • 2 Units
  • City Of Charleston Subdivision

Building Details

  • Operating Expense $9,938
  • Gross Income $63,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,397

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1920
  • Lot Size Acres: 0.03
  • Subdivision Name: City of Charleston
  • Directions: Near Corner Of Meeting And Lee St.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Total Bedrooms: 5
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

  • Elementary School: Sanders Clyde
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 1306.8

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4590501085

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 63540
  • Annual Operating Expense: 9938

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,397 $11,450 $0 $0
2023 $3,397 $5,250 $0 $0
2022 $1,485 $5,250 $0 $0
2021 $1,468 $5,250 $0 $0
2020 $1,458 $5,250 $0 $0
2019 $921 $3,170 $0 $0
2016 $894 $3,170 $0 $0
2015 $857 $3,170 $0 $0
2014 $750 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 Price Changed $965,000 -2.0% $661 / Sq Ft
08/05/2025 08/05/25 Price Changed $985,000 -1.0% $674 / Sq Ft
07/14/2025 07/14/25 Price Changed $995,000 -0.4% $681 / Sq Ft
06/07/2025 06/07/25 Price Changed $999,000 -7.1% $684 / Sq Ft
05/06/2025 05/06/25 Price Changed $1,075,000 -1.8% $736 / Sq Ft
04/22/2025 04/22/25 For Sale $1,095,000 +160.7% $749 / Sq Ft
05/15/2024 05/15/24 Sold $420,000 -11.6% $315 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
07/05/2023 07/05/23 Price Changed $475,000 -4.0% $356 / Sq Ft
06/14/2023 06/14/23 For Sale $495,000 -- $371 / Sq Ft
Source: CHS Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $525,000 None Listed On Document
Deed $187,500 None Available
Warranty Deed $58,200 --
Source: Public Records

Source: CHS Regional MLS

MLS Number: 25011072

CHS Regional MLS

APN: 459-05-01-086