321 Ashley Avenue, Charleston, SC 29403

$6,125,000

Property Type: MultiFamily Square Footage: 12,825 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $6,125,000 List Date: 1/09/2026 Last Modified: 1/10/2026

Overview

Description

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.

Supplements: 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 w … (Read more)

Listing Details MLS# 26000754

Location, Tax & Legal

Tax Map #: 4600702049
Street #: 321
Street Name: Ashley
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29403
Area: 52 – Peninsula Charleston Outside of Crosstown
Tax District: 71 – City of Charleston
Subdivision: City of Charleston
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
Directions: Ashley Ave between Sumter & Fishburne
Legal Description: 321 Ashley Ave & 10 0rrs Court 7 apartments with 28 bedrooms and 28 bathrooms.

Contract Info

MLS List Date: 2026-01-09
Primary Structure List Price/SqFt: 477.58

General Property Info

Number of Units: 7
# Stories: 3
Ground Level: Yes
Primary Structure Apx SqFt: 12825
Year Built: 2017
Acreage: 0.25
Occupancy: Leased
Lease Purchase: No
Potential Short Sale: No
Other Structures Y/N: No

Income Expenses Fees

Annual Expenses: 157282
Net Income: 312698

Unit 1

SqFt: 1750

Unit 2

SqFt: 2050

More Information

Unit 3

SqFt: 1750

Unit 4

SqFt: 1750

Income, Expenses & Fees

Gross Income: 469980
Auction: No

Office/Member Info

Seller Concessions Negotiable Y/N: Yes

SqFt Source

Builder/Owner: Yes

Roof

Architectural: Yes
Metal: Yes

Exterior

Wood Siding: Yes
See Remarks: Yes

Attic Features

Access: Yes
Unfinished: Yes

Foundation

Combination: Yes
Crawl Space: Yes
Piling: Yes
Raised Slab: Yes

Zoning

Conforming: Yes

Garage/Parking

Assigned Parking: Yes
Other (Use Remarks): Yes

Driveway

Gravel: Yes

Architectural Style

Duplex: Yes
High Rise: Yes
More than 4: Yes
Single Family Detached: Yes
Triplex: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Equipment/Appliances

Ceiling Fan: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Dryer Hookup: Yes
Electric Range: Yes
Range Hood: Yes
Refrigerator: Yes
Security System: Yes
Stacked Washer/Dryer: Yes
Washer: Yes
Washer Hookup: Yes

Cooling

Central Air: Yes
Electric: Yes
Heat Pump: Yes

Heat

Central: Yes
Ductless: Yes
Electric: Yes
Heat Pump: Yes
See Remarks: Yes

Amenities

Bus Line: Yes
Other: Yes

Sale Includes

Building and Land: Yes
No Furniture: Yes
Other (Use Remarks): Yes

Proposed Financing

Any: Yes

Tenant Pays

All Utilities: Yes
Electric: Yes
Water & Sewer: Yes

Possession

At Closing: Yes
Negotiable: Yes
Tenants Rights: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Charleston Water Service: Yes
Dominion Energy: Yes

Property Features

SqFt Source: Builder/Owner Roof: Architectural; Metal Exterior: Wood Siding; See Remarks Attic Features: Access; Unfinished Foundation: Combination; Crawl Space; Piling; Raised Slab Driveway: Gravel Architectural Style: Duplex; High Rise; More than 4; Single Family Detached; Triplex Zoning: Conforming Cooling: Central Air; Electric; Heat Pump Heat: Central; Ductless; Electric; Heat Pump; See Remarks Amenities: Bus Line; Other Sale Includes: Building and Land; No Furniture; Other (Use Remarks) Tenant Pays: All Utilities; Electric; Water & Sewer Proposed Financing: Any Possession: At Closing; Negotiable; Tenants Rights Utility Suppliers: Charleston Water Service; Dominion Energy

Documents

Floor Plan ›

Listing Office: Lighthouse Real Estate, LLC

Last Updated: January – 10 – 2026

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers’ personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

321 Ashley Avenue, Charleston, SC 29403 (MLS# 26000754)