Address
140 Spring Street, Charleston, SC
Price
$ 3,100,000
Property Attributes
- MLS#26002821
- TypeSingle Family
- Listing Status Active
- CountyCharleston
- CityCharleston
- Area51 - Peninsula Charleston Inside of Crosstown
- NeighborhoodCannonborough-Elliotborough
- Zip29403
- StyleVictorian, Villa
- Year Built1890
- Price$ 3,100,000
- Bedrooms7
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3034
- Lot Size0.08 Acres
Data Source:
Charleston Trident MLS (CTARMLS)
Property Description
An exceptional opportunity to acquire a fully renovated, fully licensed commercial short-term rental complex in the heart of downtown Charleston. 140 Spring Street is a boutique, three-unit offering designed to command premium nightly rates while delivering a rare combination of privacy, parking, and outdoor living--features that consistently outperform in Charleston's high-barrier STR market. The property features two spacious 3-bedroom / 2-bath residences and one well-appointed 1-bedroom unit, creating multiple income streams ideal for group travel, extended stays, and high-yield weekend demand. Renovations were thoughtfully executed to preserve historic charm while delivering modern finishes that today's guests expect.A true differentiator is the private, walled courtyard exclusive to one of the 3-bedroom units. Complete with a gazebo, brick fireplace, and dedicated sitting area, this outdoor sanctuary significantly enhances guest experience and booking appeal. The courtyard also offers potential for a plunge poolan extraordinary rarity in downtown Charleston and a proven lever for materially increasing ADRs and annual revenue. Off-street parking further strengthens the asset's competitive position, while in-place commercial STR licensing allows for immediate operation with no entitlement risk. Beyond operational performance, ownership offers significant tax advantages unique to short-term rentals, including the potential for accelerated depreciation and cost segregation, which may allow investors to offset a substantial portion of incomeoften without passive activity limitations, subject to individual circumstances and tax strategy. This is a rare opportunity to acquire a stabilized, scalable, and tax-advantaged STR asset in one of the Southeast's most supply-constrained and resilient markets. $300,000.00/ in annual revenue projected from a reputable local management company.
| Elementary School | Middle School | High School |
|---|---|---|
| James Simons Elementary School | Simmons Pinckney Middle School | Burke High School |
| Price History | |
|---|---|
| 2/19/2026 | Listed $3,100,000 |
General Features
| County | Charleston |
|---|---|
| Property Type | Residential |
| Subdivision Name | Cannonborough-Elliotborough |
| Status | Active |
| Directions | Spring Street Between Rutledge And Kracke Street |
| High School | Burke |
| City | Charleston |
| MLS Area | 51 - Peninsula Charleston Inside of Crosstown |
| Lot Size Units | Acres |
| Lot Size Square Feet | 3484.8 |
| Elementary School | James Simons |
| Middle/Junior High School | Simmons Pinckney |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Sewer | Public Sewer |
| Year Built | 1890 |
| New Construction | false |
| Garage Y/N | false |
| Other Structures | No |
| Architectural Style | Victorian,Villa |
| Stories Count | 3 |
| Levels | 3 Stories |
| Property Subtype | Single Family Detached |
| Full Baths | 5 |
| Carport Y/N | false |
| Property Attached Y/N | false |
Interior Features
| Air Conditioning Y/N | false |
|---|---|
| Heating Y/N | false |
| Total Bedrooms | 7 |
| Fireplace Y/N | false |
Exterior Features
| Lot Size Area | 0.08 |
|---|---|
| Lot Size Acres | 0.08 |
| Lot Features | 0 - .5 Acre |
| Parking Features | Off Street |
| Water Source | Public |
| Building Area Total | 3034 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 29403
Price
Year Built
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Charleston Trident Association of REALTORS® -- All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal,
Copyright © 2026 of the Coastal Carolinas Association of REALTORS® MLS. This information is deemed reliable, but not guaranteed. Neither the Coastal Carolinas Association of REALTORS®, nor the listing broker, nor their agents or subagents, are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Coastal Carolinas Association of REALTORS® for use by its members and is not intended for any other purpose. Broker ReciprocitySM information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This data is updated on a daily basis. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. August 24, 2026 2:23 PM UTC
