140 Spring Street, Charleston, SC 29403
Local realty services provided by:ERA Greater North Properties
140 Spring Street,Charleston, SC 29403
$3,100,000
- 7 Beds
- 5 Baths
- 3,034 sq. ft.
- Single family
- Active
Listed by: richard callari
Office: birchin lane realty advisors, llc.
MLS#:26002821
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.
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Home facts
- Year built:1890
- Listing ID #:26002821
- Updated:March 04, 2026 at 04:08 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:5
- Living area:3,034 sq. ft.
Structure and exterior
- Year built:1890
- Building area:3,034 sq. ft.
- Lot area:0.08 Acres
- Architectural Style:Victorian
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
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