321 Ashley Ave Charleston, SC 29403
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duplex,High Rise,More than 4,Single Family Detached,Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 12,825 sqft
Price per Sqft $477
Subdivision City Of Charleston
MLS Listing ID 26000754
Bedrooms 16
HOA Y/N No
Year Built 2017
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Duplex,High Rise,More than 4,Single Family Detached,Triplex
Property Description
The newer construction buildings are outfitted with standing-seam metal roofs, tankless water heaters, newer HVAC systems, and thermal-rated windows and doors, delivering energy efficiency and long-term durability.
Flanking either end of the modern structures is two fully renovated historic Charleston residences that add timeless character to the property. One fronts Ashley Avenue and contains two units, while the other fronts Orrs Court and contains one unit. Both historic buildings were comprehensively renovated in 2017 and seamlessly integrated into the overall asset, blending historic charm with modern functionality.
Importantly, all structures are raised out of the flood zone and built to the highest construction standards, offering superior insurance positioning and long-term risk mitigation.
The entire property is fully leased through July 31, 2026, with historical occupancy at 100% and average rental rate increases of approximately 10% per year since 2021, reflecting strong market fundamentals and sustained demand. The property is ideally located within Charleston's historic downtown district and in close proximity to the region's largest public and private sector employers, including the Medical University of South Carolina, Roper St. Francis Healthcare and within one mile of the College of Charleston, the Medical University of South Carolina, The Citadel, and Charleston School of Law, creating a powerful and consistent tenant pipeline.
This turn-key, stabilized investment offers a rare opportunity to acquire a block-wide luxury multifamily portfolio designed for maximum durability, premium rents, and long-term appreciation in one of Charleston's most supply-constrained and high-demand rental corridors.
Location
State SC
County Charleston
Area 52 - Peninsula Charleston Outside Of Crosstown
Interior
Interior Features Ceiling Fan(s)
Heating Central, Ductless, Electric, Heat Pump, See Remarks
Cooling Central Air
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Other
Community Features Bus Line, Other
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Architectural,Metal
Building
Dwelling Type Duplex,High Rise,More than 4,Single Family Detached,Triplex
Story 3
Foundation Crawl Space, Pillar/Post/Pier, Raised Slab
Sewer Public Sewer
Water Public
Structure Type See Remarks,Wood Siding
New Construction No
Schools
Elementary Schools Mitchell
Middle Schools Simmons Pinckney
High Schools Burke
Others
Acceptable Financing Any
Listing Terms Any
Financing Any
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