Multifamily Property for Sale in Charleston, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Charleston, SC 29403

Description

Marcus & Millichap is pleased to present 163 & 163 ½ Coming, a six-unit multifamily property located in Downtown Charleston, South Carolina. This boutique asset offers investors the opportunity to acquire a well-located small-scale multifamily property on the Charleston Peninsula, an area defined by limited supply, strong tenant demand, and enduring appeal. Opportunities of this size and location are increasingly rare, particularly within Charleston’s historic urban core. Downtown Charleston continues to benefit from consistent renter demand driven by its walkability, historic character, and immediate access to major employment centers, higher education institutions, and nationally recognized dining, retail, and cultural amenities. The local economy is supported by a diverse mix of industries including healthcare, education, government, port-related logistics, and tourism, which collectively provide a stable employment base. Strict zoning regulations, preservation requirements, and minimal available land for new development have historically constrained new housing supply, supporting strong occupancy levels and long-term rent growth. 163 & 163 ½ Coming is well positioned to benefit from these favorable market fundamentals, offering investors durable in-place income with long-term appreciation potential. The property represents an attractive opportunity for investors seeking a manageable, boutique multifamily asset in one of the Southeast’s most established and competitive urban rental markets. Investment Highlights: • Six-Unit Multifamily Property Located on the Charleston Peninsula in Downtown Charleston • Highly Supply-Constrained Submarket with Significant Barriers to Entry for New Development • Strong and Consistent Renter Demand Driven by Walkability and Proximity to Employment and Amenities • Charleston's Diverse and Resilient Economy Supports Long-Term Rental Stability • Compelling Opportunity for Long-Term Appreciation in One of the Southeast's Most Sought-

Market Context

This multifamily in Charleston, SC is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Charleston, SC — <a href="/search/sale/multifamily/south-carolina/charleston">view the full market</a>.

As of Q4 2019, the Charleston multifamily market showed a 4.6% vacancy rate, average asking rents near $1804.00/unit/mo, and rents up 12.7% year over year. Source: Consensus Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Charleston multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2019).

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