$2,350,000
94 Morris St, Charleston, SC 29403
Current Rent **
$10,000+
Projected Rent **
$10,000+
Unit 1 Details
- Current Rent: $2,900
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 2 Details
- Current Rent: $5,600
- Bedroom: 4 bd
- Bathroom: 2 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 3 Details
- Current Rent: $2,900
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 4 Details
- Current Rent: $3,000
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Rare 4-Unit Investment Property in Downtown Charleston
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. 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 vehicles. 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 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:
94 Morris St, Charleston, SC 29403
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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