$2,700,000
SOLD SEP 8, 2025
-- Bed
-- Bath
3,059 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$883 Per Sq Ft

23% Below List Price

125 Days on Market

Highlights

  • Central Air
  • Heating System Uses Natural Gas
  • 2-minute walk to Courtenay Square

About This Home

As of September 2025

Welcome to the R.C. Salas House located at 78 Society St. This unique property, with a history dating back to the 1880s, is located in the heart of downtown's commercial district. The building is situated along the bustling section of Society Street between Meeting Street and King Street, just a few blocks north of the Charleston Place Hotel. Thoughtfully designed for comfort and charm, this turnkey property features two separate units, ideal for investors looking to maximize rental revenue. Importantly, the property benefits from a rare BZAZ special exception, which allows for the operation of two legal accommodation units on the property. This is a premier investment property, with a proven track record of short-term rental success on Airbnb and VRBO-(the current owner has operated the property as a self-managed short term rental operation for several years). In addition to two on-site (tandem) parking spaces, the property benefits from an off-site parking easement with the right to use two parking spaces in the adjacent property that are located immediately next to 78 Society St (there is no monthly cost for the use of these spaces and are available 24/7).

The downstairs unit sleeps 4 guests with 2 bedrooms and 2.5 bathrooms. The upstairs unit sleeps 8 guests with 3 bedrooms and 1.5 bathrooms. The entire home accommodates up to 12 guests with a total of 5 bedrooms, 3 full baths, and 2 half baths. This home features fully equipped kitchens on both levels, 7 fireplaces (not used by owner), charming, enclosed side porches, and a picturesque courtyard in the back. For a creative investor, the rear section of the property may offer an opportunity to expand the structure or build a supplemental building (buyer to study and verify).

Why You'll Love it!
- Turnkey: Ready for immediate rental income
-Prime Location: In the heart of downtown Charleston. One block from King Street, two blocks from Market Street, walking distance to fine dining and shopping!
-Strong Rental History: A high performing short-term rental with outstanding reviews.
-Versatile Investment: Rent as two separate units or as one large home. Property is also zoned General Commercial.
-X-500 flood zone (flood insurance not required by lenders).

Don't miss this rare opportunity to own a profitable, well-established investment property!

*The information herein is furnished to the best of the Listing Agent's knowledge, but is subject to verification by the purchaser and their agent. Listing Agent assumes no responsibility for correctness thereof, nor warrant the accuracy of the information or the condition of the property. If square footage is important - measure! Buyer to verify schools. *

Last Agent to Sell the Property

Claudia Shuman

The Cassina Group License #99427 Listed on: 04/04/2025

The Cassina Group

Co-Listed By

Christopher Cunniffe

Engel & Volkers Charleston License #40186

Last Buyer's Agent

Jonathan Holt

Keller Williams Realty Charleston West Ashley License #46092

Keller Williams Realty Charleston West Ashley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,501

Year Built

  • Built in 1882

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 2 Car Garage
  • Open Parking

Home Design

  • Duplex
  • Brick Foundation
  • Metal Roof

Interior Spaces

  • 3,059 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Dishwasher

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units
  • Downtown Subdivision

Building Details

  • Gross Income $257,023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,501

Year Built

Built in 1882

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1882
  • Lot Size Acres: 0.1
  • Co List Office Mls Id: 7971
  • Co List Office Phone: 843-805-8011
  • Subdivision Name: Downtown
  • Directions: From King Street, Take A Left On Society. Property Will Be On The Left.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Electric Range, Refrigerator

Exterior Features

  • Roof: Metal
  • Construction Type: Brick
  • Foundation Details: Basement, Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car, Other
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • 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: 4356
  • Zoning Description: Conforming

Tax Info

  • Tax Map Number: 4570404029

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 257022.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
292 King Street Of Charleston Llc
Bought by
King Street Collection Llc

Purchase Details

Closed on
May 29, 2008
Sold by
Stella Nova Inc
Bought by
78 Society St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Deed $404,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Closed $1,185,000 Commercial
Closed $100,000 Commercial
Closed $50,000 Commercial
Closed $420,000 Commercial
Previous Owner $465,563 Commercial
Previous Owner $500,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Sold $2,700,000 0.0% $883 / Sq Ft
09/08/2025 09/08/25 Sold $2,700,000 -6.9% $883 / Sq Ft
07/07/2025 07/07/25 Price Changed $2,900,000 0.0% $948 / Sq Ft
07/07/2025 07/07/25 Price Changed $2,900,000 -12.1% $948 / Sq Ft
06/24/2025 06/24/25 Price Changed $3,300,000 0.0% $1,079 / Sq Ft
06/24/2025 06/24/25 Price Changed $3,300,000 -5.7% $1,079 / Sq Ft
04/04/2025 04/04/25 For Sale $3,500,000 0.0% $1,144 / Sq Ft
04/03/2025 04/03/25 For Sale $3,500,000 -- $1,144 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $15,501 $54,200 $0 $0
2023 $15,501 $54,200 $0 $0
2022 $86 $54,200 $0 $0
2021 $14,219 $54,200 $0 $0
2020 $14,115 $54,200 $0 $0
2019 $12,886 $47,130 $0 $0
2017 $12,219 $47,130 $0 $0
2016 $11,901 $47,130 $0 $0
2015 $11,355 $47,130 $0 $0
2014 $9,749 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 25009189

CHS Regional MLS

APN: 457-04-04-029