$2,195,000

94 Morris Street, Charleston, SC 29403

  • 10 beds
  • 3,508 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1852
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $626/sqft
  • Property List Date Icon Listed 1 month ago

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 6.21%, a gross rent multiplier of ~12.7x, 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.

Listing Status:
Active
Date Added:
January 6, 2026
Data Last Updated:
February 11, 2026 at 7:06AM
Listing Office:
On The Coast Realty LLC :
MLS ID:
26000376
  • A/C: Central AirWindow Unit(s)
  • Heating: CentralElectricWall Unit(s)
  • General: None
  • Parking: Other
  • Roofing: Metal
  • General: Wood Siding3Raised Slab
  • Originating MLS: CHS Regional MLS
  • County: Charleston
  • Utilities: Charleston Water ServiceDominion Energy
  • Water: Public
  • Sewer: Public Sewer
  • Source: CHS Regional MLS

This listing courtesy of On The Coast Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Julian Mitchell Elementary School

2 Perry St, Charleston, SC, 29403

Grades PK-5

0.45 miles away

C

Charleston Development Academy

233 Line St, Charleston, SC, 29403

Grades PK-8

0.54 miles away

B

Burke High School

244 President St, Charleston, SC, 29403

Grades 9-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.