140 Spring Street #Abc, Charleston, SC 29403
Local realty services provided by:ERA Greater North Properties
140 Spring Street #Abc,Charleston, SC 29403
$3,100,000
- - Beds
- - Baths
- 3,034 sq. ft.
- Multi-family
- Active
Listed by: richard callari, jesse long
Office: birchin lane realty advisors, llc.
MLS#:26002812
Source:MI_NGLRMLS
Price summary
- Price:$3,100,000
- Price per sq. ft.:$1,021.75
About this home
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....
Contact an agent
Home facts
- Year built:1890
- Listing ID #:26002812
- Updated:March 04, 2026 at 04:08 PM
Rooms and interior
- Living area:3,034 sq. ft.
Structure and exterior
- Year built:1890
- Building area:3,034 sq. ft.
- Lot area:0.08 Acres
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:James Simons
Finances and disclosures
- Price:$3,100,000
- Price per sq. ft.:$1,021.75
New listings near 140 Spring Street #Abc
- Open Fri, 11:30am to 1pmNew
$2,895,000Active3 beds 3 baths2,310 sq. ft.30 Gibbes Street, Charleston, SC 29401
MLS# 26007005Listed by: MAISON REAL ESTATE - New
$345,000Active2 beds 1 baths893 sq. ft.45 Sycamore Avenue #Apt 1135, Charleston, SC 29407
MLS# 26007006Listed by: CAROLINA ONE REAL ESTATE - New
$589,000Active3 beds 3 baths1,971 sq. ft.1037 Clearspring Drive, Charleston, SC 29412
MLS# 26007008Listed by: CAROLINA ELITE REAL ESTATE - New
$425,000Active3 beds 3 baths1,386 sq. ft.2357 Soling Court, Charleston, SC 29414
MLS# 26007009Listed by: CAROLINA ONE REAL ESTATE - New
$2,200,000Active4 beds 5 baths3,212 sq. ft.1047 Hills Plantation Drive, Charleston, SC 29412
MLS# 26007010Listed by: MAISON REAL ESTATE - New
$275,000Active2 beds 2 baths1,056 sq. ft.91 Ashley Hall Plantation #4, Charleston, SC 29407
MLS# 26007013Listed by: CAROLINA ONE REAL ESTATE - New
$2,250,000Active3 beds 3 baths2,894 sq. ft.124 Grove Street, Charleston, SC 29403
MLS# 26007015Listed by: EXP REALTY LLC - Open Sat, 10am to 12pmNew
$1,425,000Active3 beds 3 baths2,476 sq. ft.6 Rosedale Drive, Charleston, SC 29407
MLS# 26006712Listed by: SEIGNIOUS AND SMITH, LLC - New
$330,000Active2 beds 2 baths1,141 sq. ft.2244 Ashley Crossing Drive #531, Charleston, SC 29414
MLS# 26006992Listed by: MATT O'NEILL REAL ESTATE - New
$250,000Active1 beds 1 baths849 sq. ft.2611 Egret Crest Lane, Charleston, SC 29414
MLS# 26006961Listed by: KELLER WILLIAMS REALTY CHARLESTON