76 Nassau Street, Charleston, SC 29403 (MLS# 31009246)

76 Nassau Street, Charleston, SC 29403

$3,990,000

Property Type: Commercial Sale Square Footage: 8,888 Status: Active

Current Price: $3,990,000 List Date: 8/18/2026 Last Modified: 9/30/2026

Overview

Description

The Foundry at 76 Nassau Street is a rare surviving landmark of Charleston's 19th-century industrial history, thoughtfully adapted for modern use as a 14-unit multifamily residential property. Today, the property sits at the center of Downtown Charleston's continued growth, just one block from Meeting Street and within walking distance of Upper King Street. The property consists of two two-bedroom apartments, ten one-bedroom apartments, and two studio apartments, each with one full bathroom. Residents also have access to a shared laundry facility. The Foundry presents a turnkey investment opportunity with 100% occupancy and an exceptional rental history. According to ownership, the property has experienced no vacancies or evictions during their entire ownership period, while average rents have increased approximately 9% annually since 2022. Professional property management is already in place and available to continue managing the property for a new owner. The solid-brick building is ... (Read more) The Foundry at 76 Nassau Street is a rare surviving landmark of Charleston's 19th-century industrial history, thoughtfully adapted for modern use as a 14-unit multifamily residential property. Today, the property sits at the center of Downtown Charleston's continued growth, just one block from Meeting Street and within walking distance of Upper King Street. The property consists of two two-bedroom apartments, ten one-bedroom apartments, and two studio apartments, each with one full bathroom. Residents also have access to a shared laundry facility. The Foundry presents a turnkey investment opportunity with 100% occupancy and an exceptional rental history. According to ownership, the property has experienced no vacancies or evictions during their entire ownership period, while average rents have increased approximately 9% annually since 2022. Professional property management is already in place and available to continue managing the property for a new owner. The solid-brick building is relatively simple to operate and maintain and benefits from significant recent capital improvements, including a new roof and new windows installed in 2022. The Foundry apartments are well positioned as an attractive, reasonably priced rental option within the rapidly evolving Upper King Street area. The surrounding district has emerged as one of Downtown Charleston's most dynamic mixed-use neighborhoods following substantial redevelopment over the past decade. Anchored by Greystar's global headquarters just one block west and the multi-phase Courier Square redevelopment, the area has added hundreds of new residences along with significant office, retail, hospitality, and public-space investment. That momentum continues today. New high-end senior housing, additional mixed-use development, and the much-anticipated Lowline linear park are advancing nearby, further extending the energy and appeal of Upper King Street toward the property. The combination of a distinctive historic building, established rental performance, walkable downtown location, and substantial surrounding investment makes The Foundry a compelling opportunity to acquire a stabilized multifamily asset in the path of Downtown Charleston's continued growth.

Listing Details MLS# 31009246

Location

Street Number: 76
Street Name: Nassau
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29403
Parcel Number: 4590504171
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Listing Name: The Foundry
Number of Units Total: 14
Building Area Total: 8888
Lot Acres: 0.11
Zoning: City of Charleston - GB - General Business
List Price/Acre: 36272727.27
List Price/SqFt: 448.92
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-08-18
Original List Price: 4150000
Tax Legal Description: Lt E

Building Related

Percent Occupied: 100
General Condition: Good
Stories Total: 2
Year Built: 1911
Year Renovated: 2025
Number Of Buildings: Yes

Land Related

Frontage Length: 134
Lot Depth: 38
In Flood Plain?: Yes

Financials

Tax Assessed Value: 155250

More Information

Status Change Info

Status Change Date: 2026-08-18

Auction Details

Auction: No

Property Features

Property Sub Type: Multi Family Current Use: Multi-Family Existing Lease Type: Other Roof: Membrane Construction Materials: Brick Cooling: Wall/Window Unit(s) Road Surface Type: Asphalt Water Source: Public Sewer: Public Sewer Listing Terms: 1031 Exchange; Cash; Conventional; Other

Documents

Confidentiality Agreement ›

Flyer ›

Listing Office: Prospect Real Estate Brokers

Last Updated: September - 30 - 2026

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