$2,425,000
SOLD MAR 3, 2025

40 Spring St Unit A & B Charleston, SC 29403

Cannonborough-Elliotborough Neighborhood
6 Beds
-- Bath
2,711 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$895 Per Sq Ft

21% Below List Price

118 Days on Market

Highlights

  • Furnished
  • Ceiling Fan
  • Heating Available
  • Cooling Available
  • Wood Siding

About This Home

As of March 2025

***$400,000 in total revenue for 2024. Appraisal in hand at $2,640,000.***Unbeatable location! Situated 1/2 a block from King Street's most popular restaurants, bars, and shopping, 40 Spring Street A&B is a permitted short-term rental duplex with an impressive rental history. Unit A consists of 3BD/3BA and Unit B consists of 3BD/3.5BA, with the ability to sleep a total of 16 guests. Each unit is sold fully stocked and furnished, has its own outdoor living space, and the property comes with 6 off-street parking spots in the rear. *LEGAL & LICENSED BY THE CITY OF CHARLESTON, PERMIT 04283 + 04284*This property is part of a partial portfolio sale consisting of the following addresses:

- 90 Spring Street A&B (8BD/6.5BA) TMS:460-08-03-181

- 60 & 60 ½ Cannon Street (16BD/13BA) TMS: 460-08-03-038 Combined, 60 A: 460-08-03-240, 60 B/C: 460-08-03-241 & 460-08-03-242, 60 ½ A: 460-08-03-243, and 60 ½ B: 460-08-03-244

- 65 Spring Street (commercial space) TMS: 460-08-03-053

Last Agent to Sell the Property

Saralouise 'SL' Saad

IOP Residential Real Estate License #109635

IOP Residential Real Estate

Last Buyer's Agent

Marjorie Corbin

EXP Realty LLC License #110460

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 2,711 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 2 Units
  • Elliotborough Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1900
  • Lot Size Acres: 0.09
  • Inclusions: All Furniture
  • Subdivision Name: Elliotborough
  • Directions: From King Street Turn Onto Spring Street.
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator
  • Total Bedrooms: 6
  • Entry Location: Ground Level
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 3920.399999
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4600802024

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Sold Price
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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 Change Sq Ft Price
03/03/2025 03/03/25 Sold $2,425,000 -2.6% $895 / Sq Ft
01/30/2025 01/30/25 Price Changed $2,490,000 -9.5% $918 / Sq Ft
11/21/2024 11/21/24 Price Changed $2,750,000 -10.1% $1,014 / Sq Ft
10/07/2024 10/07/24 For Sale $3,057,500 -- $1,128 / Sq Ft
Source: CHS Regional MLS

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Source: CHS Regional MLS

MLS Number: 24025694

CHS Regional MLS

South Carolina Charleston County Charleston 29403 Cannonborough-Elliotborough

40 Spring St Unit A & B, Charleston, SC

Homes for Sale in Charleston, SC

This home is located at 40 Spring St Unit A & B, Charleston, SC 29403 and is currently priced at $2,425,000, approximately $894 per square foot. This property was built in 1900. 40 Spring St Unit A & B is a home located in Charleston County with nearby schools including Mitchell Elementary School, James Simons Elementary School, and Simmons Pinckney Middle.

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CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved