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Multifamily

Rose & Rutledge

517 Rutledge Ave, Charleston, SC 29403

Listing Price: $2,000,000

Cap Rate
2.95%
Number of Units
8
GRM
9.68
Price/Unit
$250,000
Price/Gross SF
$368.19
Gross SF
5,432

Investment Overview

Marcus & Millichap is pleased to present Rose & Rutledge, a two-property multifamily portfolio totaling 8 units, located in Downtown Charleston, South Carolina. The portfolio consists of two four-unit buildings, Rose (built in 1968) and Rutledge (built in 1963), offering investors a rare opportunity to acquire small-scale multifamily assets in one of the most supply-constrained and desirable rental markets in the Southeast.

Downtown Charleston benefits from strong tenant demand driven by its historic charm, walkability, proximity to major employment centers, and access to premier dining, retail, and cultural amenities. The area is supported by a diverse employment base including MUSC, Roper St. Francis Healthcare, the College of Charleston, the medical district, government offices, and the hospitality and tourism sectors. With strict zoning regulations, preservation requirements, and limited land for new development, Downtown Charleston continues to experience constrained housing supply, which has historically driven strong rent growth and high occupancy levels.

Rose & Rutledge are well positioned to capitalize on these market dynamics, offering investors stable in-place income with long-term appreciation potential in one of South Carolina’s most established urban cores. The portfolio is ideal for investors seeking a boutique multifamily asset in a premier location that consistently attracts high-quality renters and maintains strong pricing power through economic cycles.

Investment Highlights

  • Rare Opportunity to Acquire an 8-Unit Multifamily Portfolio in the Highly Supply-Constrained Downtown Charleston Market
  • Two Four-Unit Properties Provide Operational Efficiency While Maintaining a Manageable Investment Size
  • Downtown Location Offers Walkability and Proximity to Major Employers, Healthcare, Universities, and Government Offices
  • Vintage Construction Assets Built in the 1960s with Durable Construction and Long-Term Rental Appeal
  • Strong Long-Term Appreciation Potential Supported by Limited New Supply and Consistent Tenant Demand

Exclusively Listed By

Multifamily

Rose & Rutledge

Listing Price: $2,000,000

Cap Rate
2.95%
Number of Units
8
GRM
9.68
Price/Unit
$250,000
Price/Gross SF
$368.19
Gross SF
5,432

Investment Highlights

  • Rare Opportunity to Acquire an 8-Unit Multifamily Portfolio in the Highly Supply-Constrained Downtown Charleston Market
  • Two Four-Unit Properties Provide Operational Efficiency While Maintaining a Manageable Investment Size
  • Downtown Location Offers Walkability and Proximity to Major Employers, Healthcare, Universities, and Government Offices
  • Vintage Construction Assets Built in the 1960s with Durable Construction and Long-Term Rental Appeal
  • Strong Long-Term Appreciation Potential Supported by Limited New Supply and Consistent Tenant Demand

Investment Overview

Marcus & Millichap is pleased to present Rose & Rutledge, a two-property multifamily portfolio totaling 8 units, located in Downtown Charleston, South Carolina. The portfolio consists of two four-unit buildings, Rose (built in 1968) and Rutledge (built in 1963), offering investors a rare opportunity to acquire small-scale multifamily assets in one of the most supply-constrained and desirable rental markets in the Southeast. Downtown Charleston benefits from strong tenant demand driven by its historic charm, walkability, proximity to major employment centers, and access to premier dining, retail, and cultural amenities. The area is supported by a diverse employment base including MUSC, Roper St. Francis Healthcare, the College of Charleston, the medical district, government offices, and the hospitality and tourism sectors. With strict zoning regulations, preservation requirements, and limited land for new development, Downtown Charleston continues to experience constrained housing supply, which has historically driven strong rent growth and high occupancy levels. Rose & Rutledge are well positioned to capitalize on these market dynamics, offering investors stable in-place income with long-term appreciation potential in one of South Carolina’s most established urban cores. The portfolio is ideal for investors seeking a boutique multifamily asset in a premier location that consistently attracts high-quality renters and maintains strong pricing power through economic cycles.

Exclusively Listed By

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