Trophy Multifamily Investment: 6.05% Cap Rate in Downtown CharlestonSecure a high-performing, turnkey asset in the city's most coveted rental corridor. This meticulously maintained property features eight private suites across two units, each functioning as a self-contained ''micro-apartment'' with its own kitchenette, bathroom, and private entrance--perfect for the high-demand professional and student markets. Upgraded with modern mini-splits, timeless hardwood floors, and a residential fire sprinkler system, this property offers peace of mind and low overhead. With rare on-site parking for eight vehicles and a prime location steps from MUSC and the College of Charleston, this is a rare ''set-and-forget'' addition to any portfolio.
Active contingent
$1,799,000
515 Rutledge Ave, Charleston, SC 29403
8beds
8baths
3,024sqft
Est.: Get pre-qualified
Duplex
Built in 1930
-- sqft lot
$1,618,300 Zestimate®
$595/sqft
$-- HOA
What's special
Eight private suitesUpgraded with modern mini-splitsTimeless hardwood floorsResidential fire sprinkler system
- 188 days |
- 297 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Agent Group Realty Charleston
Source: CTMLS,MLS#: 25031124
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Cooling
- Other
Interior area
- Total structure area: 3,024
- Total interior livable area: 3,024 sqft
Property
Features
- Stories: 2
Lot
- Size: 5,662 Square Feet
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Charleston Water Service, Dominion Energy
Community & HOA
Community
- Features: Laundry
- Security: Fire Sprinkler System
- Subdivision: Westside
Location
- Region: Charleston
Financial & listing details
- Price per square foot: $595/sqft
- Date on market: 11/22/2025
- Listing terms: Cash,Conventional
Estimated market value
$1,618,300
$1.54M - $1.70M
$4,028/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2025 | Listed for sale | $1,799,000$595/sqft |
Source:  CTMLS #25031124 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Westside
Nearby schools
GreatSchools rating
- 2/10Mitchell Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Simmons Pinckney Middle SchoolGrades: 6-8Distance: 0.3 mi
- 1/10Burke High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: James Simons
- Middle: Simmons Pinckney
- High: Burke
Source: CTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- South Carolina
- Charleston County
- Charleston
- 29403
- Westside
- 515 Rutledge Ave
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