94 Morris Street, Charleston, SC 29403
Local realty services provided by:Better Homes and Gardens Real Estate Palmetto
Listed by: melissa ben hutta, nicole rothstein
Office: on the coast realty llc.
MLS#:26000376
Source:SC_CTAR
94 Morris Street,Charleston, SC 29403
$2,195,000
- 10 Beds
- - Baths
- 3,508 sq. ft.
- Multi-family
- Active
Price summary
- Price:$2,195,000
- Price per sq. ft.:$625.71
About this home
94 Morris Street is a rare four-unit investment opportunity in downtown Charleston, just one block from MUSC and three blocks from the College of Charleston. The property offers a going-in cap rate of 6.21%, a gross rent multiplier of ~12.7x, and room for rent growth both organically and by way of enclosing the porch.Fully leased through July 2026, it offers investors immediate stability and consistent demand from students, medical professionals, and young professionals. The property features 10 bedrooms and 5 bathrooms across four units, with an uncommon downtown amenity: on-site parking for 10 cars. One unit also includes an enclosed porch that could be converted into an additional bedroom, creating future value.With King Street dining, shopping, and entertainment just steps away, this is a turnkey investment in one of Charleston's most desirable neighborhoods.
Beyond its prime location and stable leases, this property showcases excellent management and a strong rental history. The surrounding neighborhood blends historic charm with modern convenience, making it especially attractive for long-term tenants. Investors will appreciate the low-maintenance condition and value-add potential, whether through reconfiguration of existing space or maximizing parking income.
Opportunities like this rarely become available in Charleston's downtown market. 94 Morris Street delivers both immediate returns and room for future growth.
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Home facts
- Year built:1852
- Listing ID #:26000376
- Added:139 day(s) ago
- Updated:February 10, 2026 at 03:24 PM
Rooms and interior
- Bedrooms:10
- Living area:3,508 sq. ft.
Heating and cooling
- Cooling:Central Air, Window Unit(s)
- Heating:Electric
Structure and exterior
- Year built:1852
- Building area:3,508 sq. ft.
- Lot area:0.13 Acres
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:Memminger
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,195,000
- Price per sq. ft.:$625.71
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