94 Morris St #A, B, C, D new to site Save Request In-Person Tour Request Virtual Tour
Charleston,SC 29403
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,508 sqft
Price per Sqft $669
MLS Listing ID 25026215
Bedrooms 10
Year Built 1852
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Quadruplex
Property Description
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 6.2%, a gross rent multiplier of ~13x, and room for rent growth both organically and by way of enclosing 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 market94 Morris Street delivers both immediate returns and room for future growth.
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Other
Utilities Available Charleston Water Service,Dominion Energy
Roof Type Metal
Building
Dwelling Type Quadruplex
Story 2
Foundation Crawl Space
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Memminger
Middle Schools Simmons Pinckney
High Schools Burke
Others
Acceptable Financing Lease Purchase,Any
Listing Terms Lease Purchase,Any
Financing Lease Purchase,Any