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Residential Income at 35 Cannon Street, Charleston SC 29403
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$3,195,000

35 Cannon Street, Charleston SC 29403
Charleston, SC 29403
Listed by Patrick Dahlin
Bedrooms
7
Bathrooms
N/A
Living area
N/A
Year built
1880

About this home

Welcome to 35 & 35 1/2 Cannon Street, a rare, turnkey three-unit short-term rental investment opportunity in Charleston's highly desirable Cannonborough-Elliotborough neighborhood, just two blocks from King Street. Projected to generate $313,000 in stabilized gross rental revenue in 2027, this fully furnished, professionally managed property offers investors an established income-producing asset in one of Downtown Charleston's most sought-after locations.Two separate buildings on one parcel. The property features two 2-bedroom, 2.5-bath residences of approximately 1,049 SF each, both with private piazzas, along with a detached two-story, 3-bedroom, 2.5-bath single-family residence of approximately 1,164 SF featuring front and upper porches. Together, the three units offer approximately3,262 heated SF, 7 bedrooms, and five on-site parking spaces--a rare amenity in Downtown Charleston. Front house driveway has 3 tandem, back house has 2 spaces on left side. All three units are actively licensed short-term rentals with transferable STR permits, allowing for non-owner-occupied rental operations. Extensively renovated in 2023, improvements include new roofs, mechanical, electrical and plumbing systems, flooring, and select structural upgrades. Located just steps from Charleston's acclaimed restaurants, shopping, and entertainment, this property combines a prime walkable location with established STR operations, professional management, and a fully furnished, turnkey offering. A compelling opportunity to acquire a renovated, income-producing investment property in the heart of Downtown Charleston.

Property details

MLS
CHS Regional MLS
MLS #
26028901
Property type
Residential Income
Subdivision
Downtown
Status
Active
Days on market
5
On market date
October 22, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.09 acres

Location

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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
Memminger Elementary
0.8 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: Average (2025)
Enrollment
332
Student:teacher ratio
8.3:1
District
Charleston 01
Middle
Simmons Pinckney Middle
0.62 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
0.68 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.

90
Highly walkable
out of 100
EPA National Walkability Index
18.0 / 20 -- Most walkable

Market position

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

On the market 5 days -- 65 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

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$19,391/mo
$639,000 down
$2,556,000 loan
Principal & interest$16,578
Property tax (est.)$2,663
Home insurance (est.)$150

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Data source: Listing information provided by CHS Regional MLS via Trestle/CoreLogic. Last updated 2 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.