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179 Queen Street 1, 2, 3, 4, 5, Charleston, SC 29401
$2,185,000
Property Type:
MultiFamily
Square Footage:
4,500
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$2,250,000
List Date:
5/13/2022
Last Modified:
4/24/2025
Description
Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.
Supplements: Unit 1: 1 BR/ 1 BA Leased: STR ~$5,500* Unit 2: 3 BR/ 2 BA Leased Executive ~$4,600* Unit 3: 1 BR/ 1 BA Leased Long Term $2,500 Ends 3/31/23 Unit 4: 3 BR/ 1 BA Leased Long Term $2,600 Ends 7/29/22 Unit 5: 2 BR/ 1 BA Leased Long Term $4,500 Ends 12/18/22 *Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month. 2021: Gross income = $172,306 Expenses = $57,345 NOI = $114,961 Projected 2022 Gross Income: $230,000
More Information MLS# 22005657
Contract Info
Primary Structure List Price/SqFt: 500
MLS List Date: 2022-03-07
Status: Closed
List Price: $2,250,000
Current Price: $2,185,000
Location, Tax & Legal
Unit #: 1, 2, 3, 4, 5
Legal Description: 179 Queen Street
Tax Map #: 4571201003
Street #: 179
Street Name: Queen
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29401
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Harleston Village
Elementary School: Memminger
Middle School: Courtenay
High School: Burke
Directions: Head south on Rutledge. Take left on Queen St. Property is 3rd on the right.
General Property Info
# Stories: 3
Ground Level: Yes
Potential Short Sale: No
Number of Units: 5
Primary Structure Apx SqFt: 4500
Year Built: 1855
Acreage: 0.5
Income, Expenses & Fees
Gross Income: 156852
Status Change Info
Sold Price/SqFt: 485.56
New Mortgage Type: Cash
Sold Date: 2022-08-01
SqFt Source
Previous Listing: 1
Tax Records: 1
Unit 1
SqFt: 650
Bedrooms: 1
Baths: 1
Unit 2
SqFt: 1100
Bedrooms: 3
Baths: 2
Unit 3
SqFt: 840
Bedrooms: 1
Baths: 1
Unit 4
SqFt: 1010
Bedrooms: 3
Baths: 1
Unit 5
SqFt: 900
Bedrooms: 2
Baths: 1
Roof
Slate: 1
Exterior
Wood Siding: 1
Foundation
Crawl Space: 1
Zoning
Conforming: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Gravel: 1
Architectural Style
More than 4: 1
Quadplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Cooktop: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Heat
Heat Pump: 1
Sale Includes
All Furniture: 1
Building and Land: 1
Proposed Financing
Any: 1
Tenant Pays
Other (Use Remarks): 1
Possession
At Closing: 1
Special
Flood Insurance: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Income Expenses Fees
Annual Expenses: 59784
Net Income: 97068
Property Features
SqFt Source: Previous Listing; Tax Records
Roof: Slate
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Gravel
Architectural Style: More than 4; Quadplex
Zoning: Conforming
Cooling: Central Air
Heat: Heat Pump
Sale Includes: All Furniture; Building and Land
Tenant Pays: Other (Use Remarks)
Proposed Financing: Any
Possession: At Closing
Special: Flood Insurance
Utility Suppliers: Charleston Water Service; Dominion Energy
Lead Based Paint ›
Listing Office:
Realty One Group Coastal
Last Updated: April - 24 - 2025
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