170 Spring St Charleston, SC 29403
Cannonborough-Elliotborough NeighborhoodEstimated payment $18,549/month
Total Views
2,010
8
Beds
--
Bath
2,960
Sq Ft
$946
Price per Sq Ft
Highlights
- Furnished
- Central Air
- Heating Available
- Property is near a bus stop
About This Home
Gross Income 355,979.41 in 2024 Net Operating Income 175,780.46 real numbers not a pro forma. Located in the desirable Cannonborough-Elliottborough neighborhood of Charleston, 170 Spring Street is a fully updated historic duplex that is zoned limited business and fully permitted for short term rental use. The lovely two-story, painted brick, folk Craftsman house was built circa 1936 as two units, allowing for great interior flow and private access to each of the four-bedroom units via separate entry doors on the front porches where tenants can catch a river breeze and enjoy morning coffee. Each of the units offerspacious living areas; a half bath; laundry and storage; andfour bedroomswith large closets and ensuite bathrooms that have been tastefully updated with wood vanities, stonecounter tops, and new fixtures.The first-floor unit has an airy open plan with a large sitting area with shiplap wainscoting, dining space, and updated kitchen. The second story unit has an open plan living room with cathedral ceilings, crisp white cabinetry and stainless appliances in the adjacent kitchen, shiplap wainscoting, exposed brick chimneys, and hardwood floors. Ladder steps lead to a cozy attic bedroom that feels more like its own loft.
Centrally located near MUSC, a few blocks to upper King Street,and a short drive over the Ashley River to Folly Beach.It sits amidCannonborough Elliottborough's most popular corridor that boasts the perfect blend of residences, restaurants,coffee shops,and fun local businesses. Don't miss this chance to purchase a highly lucrative and fully operational STR duplex in the best part of the city
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $36,474
Year Built
- Built in 1940
Home Design
- Duplex
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 8 Bedrooms
- 2,960 Sq Ft Home
- 2-Story Property
- Furnished
- Crawl Space
Kitchen
- Electric Cooktop
- Dishwasher
Laundry
- Dryer
- Washer
Schools
- Mitchell Elementary School
- Simmons Pinckney Middle School
- Burke High School
Utilities
- Central Air
- Heating Available
Additional Features
- 3,049 Sq Ft Lot
- Property is near a bus stop
Community Details
Overview
- 2 Units
- Cannonborough Elliotborough Subdivision
Building Details
- Operating Expense $180
- Gross Income $355,979
- Net Operating Income $175,780
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $36,474 | $127,500 | $0 | $0 |
| 2022 | $20,807 | $78,000 | $0 | $0 |
| 2021 | $20,550 | $78,000 | $0 | $0 |
| 2020 | $20,399 | $78,000 | $0 | $0 |
| 2019 | $9,684 | $34,880 | $0 | $0 |
| 2017 | $9,253 | $34,880 | $0 | $0 |
| 2016 | $8,955 | $34,880 | $0 | $0 |
| 2015 | $8,550 | $34,880 | $0 | $0 |
| 2014 | $7,070 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $2,800,000 | -- | $946 / Sq Ft |
Source: CHS Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $212,500,000 | Tracy Law Firm Llc | |
| Special Warranty Deed | $1,300,000 | None Available | |
| Deed | $775,000 | -- | |
| Deed | $237,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,040,000 | Commercial | |
| Previous Owner | $400,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $409,440 | New Conventional | |
| Closed | $0 | Purchase Money Mortgage |
Source: Public Records
Similar Home in Charleston, SC
Source: CHS Regional MLS
MLS Number: 25018174
APN: 460-11-02-092
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