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94 Morris Street, Charleston, SC 29403
$2,195,000
Property Type:
MultiFamily
Square Footage:
3,508
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$2,195,000
List Date:
1/06/2026
Last Modified:
1/12/2026
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.
Supplements: 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.
More Information MLS# 26000376
Contract Info
Primary Structure List Price/SqFt: 625.71
MLS List Date: 2026-01-06
Status: Active
List Price: $2,195,000
Current Price: $2,195,000
Location, Tax & Legal
Legal Description: 94 MORRIS
Tax Map #: 4601502034
Street #: 94
Street Name: Morris
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 63 - City of Charleston
Subdivision: None
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: North on coming, left on morris, house will be on the right after smith
General Property Info
# Stories: 3
Ground Level: Yes
Occupancy: Leased
Lease Purchase: No
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 4
Primary Structure Apx SqFt: 3508
Year Built: 1852
Acreage: 0.13
Income, Expenses & Fees
Gross Income: 181200
Office/Member Info
Seller Concessions Negotiable Y/N: Yes
SqFt Source
Previous Listing: 1
Tax Records: 1
Unit 1
SqFt: 1430
Bedrooms: 4
Baths: 2
Unit 2
Bedrooms: 2
Baths: 1
Unit 3
Bedrooms: 2
Baths: 1
Unit 4
Bedrooms: 2
Baths: 1
Roof
Metal: 1
Exterior
Wood Siding: 1
Foundation
Raised Slab: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Concrete: 1
Architectural Style
Quadplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Dryer: 1
Electric Range: 1
Electric Single Oven: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Electric: 1
Window Unit(s): 1
Heat
Central: 1
Electric: 1
Wall Unit(s): 1
Sale Includes
Building and Land: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Exchange: 1
Tenant Pays
All Utilities: 1
Possession
At Closing: 1
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Income Expenses Fees
Annual Expenses: 44942
Net Income: 136258
Property Features
SqFt Source: Previous Listing; Tax Records
Roof: Metal
Exterior: Wood Siding
Foundation: Raised Slab
Driveway: Concrete
Architectural Style: Quadplex
Cooling: Central Air; Electric; Window Unit(s)
Heat: Central; Electric; Wall Unit(s)
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan; Exchange
Possession: At Closing; Tenants Rights
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office:
On The Coast Realty LLC
Last Updated: January - 12 - 2026
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