321 Ashley Avenue, Charleston, SC 29403
Local realty services provided by:Better Homes and Gardens Real Estate Palmetto
Listed by: joe porter, claire porter
Office: lighthouse real estate, llc.
MLS#:26000754
Source:SC_CTAR
321 Ashley Avenue,Charleston, SC 29403
$5,850,000
- 16 Beds
- - Baths
- 12,825 sq. ft.
- Multi-family
- Active
Price summary
- Price:$5,850,000
- Price per sq. ft.:$456.14
About this home
Premier Downtown Charleston Multifamily Investment Opportunity - Fully Leased This is a rare opportunity to acquire a trophy-level, high-end multifamily portfolio in the heart of Downtown Charleston. This property spans an entire city block and consists of four buildings with seven total units and 28 bedrooms, encompassing nearly 13,000 square feet of well-appointed rental space. The property has a strong history of serving both student and professional tenants, with proven performance, durability, and long-term appreciation.At the core of the offering are two modern buildings constructed in 2017 totaling four units, each designed with four bedrooms, four-and-a-half baths, and approximately 1,750 square feet per unit, thoughtfully configured across three expansive stories.Built for long-term durability and premium rental demand, the residences offer well-appointed interiors with high-quality, low-maintenance finishes. The main living areas feature durable ceramic tile plank flooring paired with stainless-steel appliances and solid surface countertops. Bathrooms are finished with tiled floors, tiled surrounds, and wainscoted walls. Architectural and design upgrades include vaulted ceilings, shiplap accents, rooftop balconies, soft-close kitchen cabinetry. All units contain en suite bathrooms and in-unit washer and dryers, making the layout ideal for roommate-style living and premium per-bedroom rent strategies.
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....
Contact an agent
Home facts
- Year built:2017
- Subdivision & Development:City of Charleston
- Listing ID #:26000754
- Added:253 day(s) ago
- Updated:September 20, 2026 at 02:26 PM
Rooms and interior
- Bedrooms:16
- Living area:12,825 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Year built:2017
- Building area:12,825 sq. ft.
- Lot area:0.25 Acres
- Foundation Description:Crawl Space, Pillar/Post/Pier, Raised Slab
- Levels:3 Story
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:Mitchell
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,850,000
- Price per sq. ft.:$456.14
Features and amenities
- Amenities:Ceiling Fan(s)
New listings near 321 Ashley Avenue
- Coming Soon
$689,000Coming Soon4 beds 4 baths2,616 sq. ft.1894 Ashley Hall Road, Charleston, SC 29407
MLS# 26026248Listed by: THE BOULEVARD COMPANY - Coming Soon
$2,175,000Coming Soon5 beds 4 baths3,124 sq. ft.506 Indian Corn Street, Charleston, SC 29492
MLS# 26026182Listed by: COLDWELL BANKER REALTY - Coming Soon
$2,150,000Coming Soon3 beds 3 baths2,454 sq. ft.310 Longshore Street #648, Charleston, SC 29492
MLS# 26026154Listed by: CAROLINA ONE REAL ESTATE - Coming SoonOpen Sat, 10am to 12pm
$1,049,000Coming Soon3 beds 3 baths1,915 sq. ft.2127 Medway Road, Charleston, SC 29412
MLS# 26026119Listed by: THE BOULEVARD COMPANY - Coming Soon
$888,000Coming Soon4 beds 3 baths2,222 sq. ft.1229 Chuka Court, Charleston, SC 29412
MLS# 26026099Listed by: EXP REALTY LLC - New
$550,000Active4 beds 2 baths2,048 sq. ft.457 Blue Dragonfly Drive, Charleston, SC 29414
MLS# 26026259Listed by: CAROLINA ONE REAL ESTATE - New
$488,000Active4 beds 3 baths2,000 sq. ft.6003 Sandlewood Court, Charleston, SC 29414
MLS# 26026254Listed by: JPAR MAGNOLIA GROUP - New
$485,000Active5 beds 3 baths2,355 sq. ft.360 Matuskovic Drive, Charleston, SC 29414
MLS# 26026239Listed by: MAVEN REALTY
$419,000Active0.12 Acres2124 Golfview Drive, Charleston, SC 29412
MLS# 26022275Listed by: MAVEN REALTY- New
$509,000Active4 beds 3 baths2,202 sq. ft.44 Jawol Drive, Charleston, SC 29414
MLS# 26026224Listed by: REALTY ONE GROUP COASTAL