321 Ashley Avenue, Charleston, SC 29403
Local realty services provided by:CENTURY 21 Signature Realty
321 Ashley Avenue,Charleston, SC 29403
$6,125,000
- 16 Beds
- - Baths
- 12,825 sq. ft.
- Multi-family
- Active
Listed by: joe porter, claire porter
Office: lighthouse real estate, llc.
MLS#:26000754
Source:MI_NGLRMLS
Price summary
- Price:$6,125,000
- Price per sq. ft.:$477.58
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
- Listing ID #:26000754
- Updated:March 04, 2026 at 04:08 PM
Rooms and interior
- Bedrooms:16
- Living area:12,825 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:2017
- Building area:12,825 sq. ft.
- Lot area:0.25 Acres
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:Mitchell
Finances and disclosures
- Price:$6,125,000
- Price per sq. ft.:$477.58
New listings near 321 Ashley Avenue
- New
$2,990,000Active3 beds 4 baths2,890 sq. ft.523 Helmsman Street #523, Daniel Island, SC 29492
MLS# 26005962Listed by: EAST WEST REALTY, LLC - Open Sat, 1 to 3pmNew
$775,000Active4 beds 3 baths2,888 sq. ft.2931 Stonestown Drive, Charleston, SC 29414
MLS# 26005950Listed by: REALTY ONE GROUP COASTAL - New
$609,000Active2 beds 2 baths1,060 sq. ft.43 St Margaret Street #B, Charleston, SC 29403
MLS# 26005943Listed by: THE BOULEVARD COMPANY - New
$419,000Active2 beds 2 baths1,086 sq. ft.1327 Pinnacle Lane, Charleston, SC 29412
MLS# 26005946Listed by: AGENTOWNED REALTY PREFERRED GROUP - Open Sun, 1 to 3pmNew
$749,000Active3 beds 3 baths1,680 sq. ft.1599 Terns Nest Road, Charleston, SC 29412
MLS# 26005272Listed by: MAVEN REALTY - New
$8,500,000Active4 beds 7 baths5,293 sq. ft.111 Riverland Drive, Charleston, SC 29412
MLS# 26005586Listed by: WILLIAM MEANS REAL ESTATE, LLC - New
$530,000Active3 beds 2 baths1,650 sq. ft.1434 Arabella Street Street, Charleston, SC 29414
MLS# 26005923Listed by: CAROLINA ONE REAL ESTATE - New
$445,000Active6 beds -- baths1,960 sq. ft.6 Poinsett Street, Charleston, SC 29403
MLS# 26005921Listed by: CAROLINA ONE REAL ESTATE - Open Sat, 1 to 3pmNew
$1,495,000Active4 beds 3 baths2,829 sq. ft.113 Lucia Street, Charleston, SC 29492
MLS# 26005860Listed by: CAROLINA ONE REAL ESTATE - Open Sat, 12:30 to 2:30pmNew
$575,000Active3 beds 3 baths2,128 sq. ft.2919 Wilson Creek Lane, Johns Island, SC 29455
MLS# 26005906Listed by: THE BOULEVARD COMPANY