$2,545,000
UNDER CONTRACT

Estimated payment $15,946/month

Total Views 1,091
4 Beds
-- Bath
4,074 Sq Ft
$625 Price per Sq Ft

Highlights

  • Furnished
  • Property is near a bus stop
  • Ceiling Fan
  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Wood Siding

About This Home

Located on a highly visible corner in the heart of downtown Charleston's Elliotborough hospitality and short-term rental overlay, 132 Spring Street is a flagship mixed-use property offering endless opportunities and upside investment potential. There is an amazing commercial/restaurant/retail space on the ground floor (currently leased). Two fully renovated residential units each have their own private entrance, original hardwood flooring and beautifully high ceilings. Unit B is located on the second floor and offers one bedroom and one bathroom with a beautifully appointed kitchen and living area. Unit D is a spacious and beautifully renovated three-bedroom, two-bathroom apartment with a grand living space and kitchen on the second floor and bedrooms located on the third floor.Both residential units stay consistently booked with short term renters due to the ideal location, inherent charm and extremely appealing living space to enjoy. Since completion of the building's full high-end renovation in 2016, 132 Spring Street has offered numerous avenues of stable, solid revenue year after year. The property also includes 6 possible off-street parking spaces along Ashley Avenue!!(See parking schematic in documents)
Financials/numbers on short-term rental history available upon request.

Listing Agent

Bradley Thompson

Colony & Craft LLC License #89042 Listed on: 11/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 4 Bedrooms
  • 4,074 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Disposal

Laundry

  • Dryer
  • Washer

Schools

  • Mitchell Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System

Additional Features

  • 3,049 Sq Ft Lot
  • Property is near a bus stop

Community Details

Overview

  • 3 Units
  • Elliotborough Subdivision

Building Details

  • Operating Expense $65,000
  • Gross Income $200,000
  • Net Operating Income $135,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Lot Size Acres: 0.07
  • Inclusions: All Furniture
  • Subdivision Name: Elliotborough
  • Directions: Corner Of Ashley And Spring Street.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Other
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dryer, Gas Range, Microwave, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 4
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Metal
  • Construction Type: Brick Veneer, Wood Siding
  • Foundation Details: Slab
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Other

Utilities

  • Cooling: Central Air
  • Laundry Features: Washer Hookup
  • Cooling Y N: Yes
  • Heating: Central, Ductless
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bus Line

Schools

  • Elementary School: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning Description: Conforming

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 200000
  • Property Net Operating Income: 135000
  • Annual Operating Expense: 65000

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 For Sale $2,545,000 -- $625 / Sq Ft
Source: CHS Regional MLS

Source: CHS Regional MLS

MLS Number: 25030033

CHS Regional MLS