Listing Courtesy of: Melissa Ben Hutta - On the coast realty LLC
$2,195,000
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94 Morris Street Unit A, B, C, Charleston, SC 29403
Fourplex
Residence
10
Beds
Baths
...
Bed/Bath
3,508
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 e...nclosing 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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MLS#
25026215
Property Type
Fourplex
Bedrooms
10
Year Built
1852
Square Feet
3,508
sq. ft
Lot Size
0.13
Sewer
Public Sewer
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