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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. Please note the address "Apt. B" is an error in MLS. This is 14 units, not just apartment B.
| DAYS ON MARKET | 35 | LAST UPDATED | 8/24/2026 |
|---|---|---|---|
| TRACT | City of Charleston | YEAR BUILT | 1911 |
| COMMUNITY | 51 - Peninsula Charleston Inside of Crosstown | COUNTY | Charleston |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Sanders Clyde |
|---|---|
| Jr. High School | Simmons Pinckney |
| High School | Burke |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 51 - Peninsula Charleston Inside of Crosstown |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick |
| HEAT | None |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 0.11 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | City of Charleston |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing Provided by Prospect Real Estate Brokers
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM program of the Charleston Trident Multiple Listing Service, Inc (CTMLS). All real estate listings are marked with the CTMLS Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.