321 Ashley Ave

Charleston, SC 29403

$6,125,000
Price
16
Beds
18
Baths
12,825 Sq. Ft.
$478 / Sq. Ft.
12,825
Sq. Ft.
$478
per Sq. Ft.
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Description

Premier Downtown Charleston Multifamily Investment Opportunity - Fully Leased This is a rare opportunity to acquire a trophy-level, high-end multifamily portfolio in the heart of Downtown Charleston. This property spans an entire city block and consists of four buildings with seven total units and 28 bedrooms, encompassing nearly 13,000 square feet of well-appointed rental space. The property has a strong history of serving both student and professional tenants, with proven performance, durability,...Premier Downtown Charleston Multifamily Investment Opportunity - Fully Leased This is a rare opportunity to acquire a trophy-level, high-end multifamily portfolio in the heart of Downtown Charleston. This property spans an entire city block and consists of four buildings with seven total units and 28 bedrooms, encompassing nearly 13,000 square feet of well-appointed rental space. The property has a strong history of serving both student and professional tenants, with proven performance, durability, and long-term appreciation. At the core of the offering are two modern buildings constructed in 2017 totaling four units, each designed with four bedrooms, four-and-a-half baths, and approximately 1,750 square feet per unit, thoughtfully configured across three expansive stories. Built for long-term durability and premium rental demand, the residences offer well-appointed interiors with high-quality, low-maintenance finishes. The main living areas feature durable ceramic tile plank flooring paired with stainless-steel appliances and solid surface countertops. Bathrooms are finished with tiled floors, tiled surrounds, and wainscoted walls. Architectural and design upgrades include vaulted ceilings, shiplap accents, rooftop balconies, soft-close kitchen cabinetry. All units contain en suite bathrooms and in-unit washer and dryers, making the layout ideal for roommate-style living and premium per-bedroom rent strategies. The newer construction buildings are outfitted with standing-seam metal roofs, tankless water heaters, newer HVAC systems, and thermal-rated windows and doors, delivering energy efficiency and long-term durability. Flanking either end of the modern structures is two fully renovated historic Charleston residences that add timeless character to the property. One fronts Ashley Avenue and contains two units, while the other fronts Orrs Court and contains one unit. Both historic buildings were comprehensively renovated in 2017 and seamlessly integrated into the overall asset, blending historic charm with modern functionality. Importantly, all structures are raised out of the flood zone and built to the highest construction standards, offering superior insurance positioning and long-term risk mitigation. The entire property is fully leased through July 31, 2026, with historical occupancy at 100% and average rental rate increases of approximately 10% per year since 2021, reflecting strong market fundamentals and sustained demand. The property is ideally located within Charleston's historic downtown district and in close proximity to the region's largest public and private sector employers, including the Medical University of South Carolina, Roper St. Francis Healthcare and within one mile of the College of Charleston, the Medical University of South Carolina, The Citadel, and Charleston School of Law, creating a powerful and consistent tenant pipeline. This turn-key, stabilized investment offers a rare opportunity to acquire a block-wide luxury multifamily portfolio designed for maximum durability, premium rents, and long-term appreciation in one of Charleston's most supply-constrained and high-demand rental corridors.
  1. Listed by Lighthouse Real Estate, LLC
  2. Listed by Lighthouse Real Estate, LLC

Property Details for 321 Ashley Avenue

Subdivision Name
City of Charleston
LISTING UPDATED: 01/10/2026 11:53 AM

Property Details for 321 Ashley Avenue

StatusActive
MLS #26000754
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income
Year Built2017
Lot Size0.25 AC / 10,890 SF
CountyCharleston County

Location

Listing Courtesy of Lighthouse Real Estate, LLC
Add your commute

Building Information for 321 Ashley Avenue

Stories3Residences7Year Built2017Lot Size0.25 AC / 10,890 SF

Payment Calculator

$31,487 per month

30 year fixed, 6.15% Interest

Principal and Interest

$29,852

Property Taxes

$1,635

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 321 Ashley Avenue

Summary
Location and General Information
  • Latitude: 32.79467
  • Longitude: -79.951488
  • Directions: Ashley Ave Between Sumter & Fishburne
  • Entry Location: Ground Level
Taxes and HOA
  • Tax Map Number: 4600702049
School Information
  • Elementary School: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney
Parking
  • Attached Garage YN: None
  • Carport YN: None
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage YN: No
  • Parking Features: Other
Property
Lot Information
  • Building Area Total: 12825.0
  • Building Area Units: Square Feet
  • Foundation Details: Crawl Space, Pillar/Post/Pier, Raised Slab
  • Other Structures: No
  • New Construction YN: No
  • Structure Type: Duplex, High Rise, More than 4, Single Family Detached, Triplex
Property and Assessments
  • Photos Count: 79
  • Photo Rights: I own the photos or have the right to use: Yes
Utilities
  • Utilities: Charleston Water Service, Dominion Energy
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating YN: Yes
  • Cooling: Central Air
  • Cooling YN: Yes
  • Heating: Central, Ductless, Electric, Heat Pump, See Remarks
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Stories: 3
Exterior Features
  • Security Features: Security System
  • Community Features: Bus Line, Other
  • Construction Materials: See Remarks, Wood Siding
  • Roof: Architectural, Metal
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Unit 1 Information
  • Unit 1: SqFt: 1750
  • Unit 1: Bedrooms: 4
  • Unit 1: Baths: 5
Unit 2 Information
  • Unit 2: SqFt: 2050
  • Unit 2: Bedrooms: 4
  • Unit 2: Baths: 5
Unit 3 Information
  • Unit 3: SqFt: 1750
  • Unit 3: Bedrooms: 4
  • Unit 3: Baths: 5
Unit 4 Information
  • Unit 4: SqFt: 1750
  • Unit 4: Bedrooms: 4
  • Unit 4: Baths: 5

Property History for 321 Ashley Avenue

DateEvent & SourcePriceAppreciation
Jan 9, 2026

Listed (Active)

CHS Regional MLS #26000754

$6,125,000—
DateEvent & SourcePrice
01/09/2026

Listed (Active)

CHS Regional MLS #26000754

$6,125,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 321 Ashley Avenue

Taxable ValueLand-Additions-Total-
Tax Record2020$19,623 ($1,635 / month)
Home Facts
Baths17Total Finished SqFt3,248 SqFtAbove Grade Finished SqFt3,248 SqFtStories3Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountyCHARLESTONAPN460-07-02-049Fireplace TypeHas Fireplace

Schools near 321 Ashley Avenue

This home is within Charleston 01 School District.
Rating
School
Type
Grades
Distance
Mitchell Elementary School
Public - PK to 5
James Simons Elementary School
Public - PK to 8
Simmons Pinckney Middle School
Public - 6 to 8
Burke High School
Public - 9 to 12
Rating
School
Distance
Mitchell Elementary School
PublicPK to 5

James Simons Elementary School
PublicPK to 8

Simmons Pinckney Middle School
Public6 to 8

Burke High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 321 Ashley Avenue, Charleston, SC 29403

321 Ashley Avenue is for sale in Charleston, SC 29403. This property was listed for sale on January 9, 2026 by Lighthouse Real Estate, LLC, it's currently listed at $6,125,000. This listing's school district is Charleston 01 School District. Nearby schools include Mitchell Elementary School, James Simons Elementary School and Simmons Pinckney Middle School. 321 Ashley Avenue is a 16-bed, 18-bath, 12,825 sqft built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lighthouse Real Estate, LLC

We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Based on information from one of the following Multiple Listing Services: Charleston Trident MLS, LowCountry Regional and REsides, Inc. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS, High Country Association of REALTORS,© 2024 REsides and LowCountry Regional Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.