Viewing Listing MLS# 25026215
Charleston, SC 29403
- 10Beds
- N/AFull Baths
- N/AHalf Baths
- 3,508SqFt
- 1852Year Built
- 0.13Acres
- MLS# 25026215
- Multi Family
- Active
- Approx Time on Market11 days
- AreaHistoric Charleston
- CountyCharleston
- Subdivision None
Overview
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 market.94 Morris Street delivers both immediate returns and room for future growth.
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1852
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.13
Lot Size Units: Acres
Acres: 0.13
Lot Sqft: 5662.8
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Metal
Property Subtype: No
Building Area Units: Square Feet
Entry Location: Ground Level
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Quadruplex
Room Info
Beds: 10
Sale / Lease Info
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Sqft: 3508
Unit Info
Number of Units Total: 4
Unit: A, B, C, D
Unit Bedrooms: 2
Unit Bedrooms: 4
Unit Bedrooms: 2
Unit Bedrooms: 2
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Central
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
North On Coming, Left On Morris, House Will Be On The Right After SmithCourtesy of listing office On the coast realty LLC
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than The Elizabeth Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 10-06-2025 7:27 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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