Viewing Listing MLS# 30802639 | 179 Queen St 1-5, Charleston SC

$2,250,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$2,250,000 No Recent Price Change
179 Queen St 1-5
Charleston, SC 29401
  • N/APrice per SqFt
  • N/ASqFt
  • 7Days on Market
  • N/AZoning
  • N/AYear Built
  • Multi-FamilyUse
  • 4571201003Tax ID
  • MLS# 30802639
  • Commercial Sales
  • Multi-Family
  • Active

  • Approx Time on Market7 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A


Excellent opportunity to own an income producing multifamily property in Harleston Village producing over $170,000 in gross income in 2021. 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.Property is under new management and rents are being brought up to market as leases expire. Unit 1: 1 BR/ 1 BALeased: STR ~$5,500*Unit 2: 3 BR/ 2 BALeased Executive ~$4,600*Unit 3: 1 BR/ 1 BALeased Long Term $2,500Ends 3/31/23Unit 4: 3 BR/ 1 BALeased Long Term $2,600Ends 7/29/22Unit 5: 2 BR/ 1 BALeased Long Term $4,500Ends 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 = $172,306Expenses = $57,345NOI = $114,961Projected 2022 Gross Income: $230,000

Building Info

Year Built Date:  1,850


Sale Terms:  Cash to Seller

Sale Price Max Total:  $2,250,000

Sale Price Min Total:  $2,250,000

Lot Info

Acres:  0.00


Property Info

Msa:  Charleston-North Charleston

Title:  Income Producing 5 Unit Multifamily on Queen Street

County:  Charleston

Property Subtype:  Duplex/Fourplex

Sale / Lease Info

Sqft Info

Size Rentable Sf:  4,500

Tax Info

Courtesy of listing office Realty One Group Coastal 

Featured Lender


Jim Hutto

Beacon Bank


Mortgage Calculator

Dollars per $1000
Approximate Monthly Payment 0.0
On since Fri, May 13th 2022
No Property History recorded for this listing.
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Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-21-2022 9:08 AM EST est.

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