Residential Income at 162 Spring Street # C, Charleston SC 29403
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$2,500,000

162 Spring Street # C, Charleston SC 29403
Charleston, SC 29403
Listed by Kristen Krause
Bedrooms
4
Bathrooms
N/A
Living area
N/A
Year built
1880

About this home

162 Spring St A,B,C is a fully operating STR /Short Term Rental and Restaurant Downtown Charleston. This Multi-Use, Commerical Zoned, Income Producing, HPR Building located in the Accommodations Overlay District offers 3 Units with 4 off street parking spaces. Two(2)Income-Producing Residential STR Units and One (1) Restaurant with current lease terms that will convey. This front building includes two fully updated residences. Unit A and B are each 2BR/ 2BA condo-style upstairs units. The restaurant is a very successful business and current lease remains as a current NNN Lease Term. Whether you're an investor seeking high-performing income producing STR short-term rental potential, a buyer looking to live in one unit while generating income from the other, or someone building a portfolioof diverse downtown assets, this opportunity delivers exceptional value, flexibility, and upside. Zoned to allow short-term rentals with proper licensure and fully compliant with all city regulations, this property stands out as a turn-key, multi-use gem that's ready to produce from day one. Both Unit A and Unit B sit at the front of the lot, upstairs and each unit is a stylish 2-bedroom, 2-bathroom residence blending classic Charleston architecture with modern convenience. Offered fully furnished and thoughtfully designed for either personal use or STR occupancy, this unit features an open-concept layout with hardwood floors, abundant natural light, and a designer kitchen with granite countertops and stainless steel appliances. Each bedroom enjoys privacy and comfort, complete with ensuite bathrooms an ideal configuration for couples, friends, or vacationing guests. With a strong rental history and low-maintenance setup, Unit A,B and C is a perfect addition to any investor's portfolio or a cozy home base in the city with built in income return on your investment For investors, the setup of this property with 2 condo-style STR units and a Income producing Restaurant offers a unique ability to generate income from two very different renter profiles while sharing the benefits of a single HPR parcel. The ability to operate both units as short-term rentals, if desired, is an enormous advantage that sets this property apart in a market where zoning compliance is critical and increasingly rare. Whether you want to maximize short-term rental income, live in one unit while renting the other, or simply hold an appreciating asset in a prime growth corridor, 162 Spring Street A,B &C is a smart and strategic acquisition. Opportunities like this are increasingly rare in Charleston especially properties that are move-in ready, STR eligible, and offer true Multi-Use flexibility in a high-demand location. Don't miss your chance to own a piece of downtown that earns while it appreciates. Please do not disturb current tenants. Call Listing agent for all details. Unit A,B,C D, and E can be purchased combined for $5,600,000. see MLS for listing.

Property details

MLS
CHS Regional MLS
MLS #
26026686
Property type
Residential Income
Subdivision
Cannonborough-Elliotborough
Status
Active
Days on market
31
On market date
September 24, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.22 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
James Simons Montessori
0.81 mi away · Grades -1-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: Good (2025)
Enrollment
376
Student:teacher ratio
13.4:1
District
Charleston 01
Middle
Simmons Pinckney Middle
0.36 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.2
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: Unsatisfactory (2025)
Enrollment
262
Student:teacher ratio
10.1:1
District
Charleston 01
High
Burke High
0.35 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
355
Student:teacher ratio
6.0:1
District
Charleston 01

Walkability

Blended score for Charleston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

73
Walkable
out of 100
EPA National Walkability Index
14.7 / 20 -- Above average walkable

Market position

How this listing compares to current activity in Charleston, from live MLS data.

On the market 31 days -- 39 fewer days than Charleston's current average of 70 days.
For reference, the median list price across 1,061 active listings in Charleston right now is $599,000.

Mortgage calculator

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Est. monthly payment
$15,205/mo
$500,000 down
$2,000,000 loan
Principal & interest$12,972
Property tax (est.)$2,083
Home insurance (est.)$150

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Data source: Listing information provided by CHS Regional MLS via Trestle/CoreLogic. Last updated 4 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.