Agent(843) 458-4846
INNOVATE Real Estate
Sabrina Susanne Lynch
← INNOVATE Real Estate
Part of DeForrest Team
Residential Income at 111 Cannon Street, Charleston SC 29403
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 2 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 3 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 4 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 5 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 6 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 7 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 8 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 9 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 10 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 11 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 12 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 13 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 14 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 15 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 16 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 17 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 18 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 19 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 20 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 21 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 22 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 23 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 24 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 25 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 26 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 27 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 28 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 29 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 30 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 31 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 32 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 33 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 34 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 35 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 36 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 37 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 38 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 39 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 40 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 41 of 42
Residential Income at 111 Cannon Street, Charleston SC 29403, photo 42 of 42
42 photos

$3,875,000

111 Cannon Street, Charleston SC 29403
Charleston, SC 29403
Listed by Matt Anderson
Bedrooms
7
Bathrooms
N/A
Living area
N/A
Year built
1910

About this home

Stunning, turnkey short-term rental opportunity in the heart of downtown Charleston. This exceptional two-unit property features a total of 7 bedrooms and 7 bathrooms, including a 4 bed / 4 bath Unit A and a 3 bed / 3 bath Unit B, offering immediate income potential ($375k+) with professional management already in place and a proven track record of consistent 5-star guest reviews. Originally a historic residence, the property has been completely renovated by a premier general contractor and interior design team, blending classic Charleston character with modern functionality. Each unit is professionally furnished and thoughtfully appointed, and the sale includes all appliances, fixtures, and furnishings providing a seamless, turnkey investment.The outdoor living experience sets this property apart, featuring a private backyard retreat with spa, built-in grill, expansive lounge deck, and large outdoor dining area. Blue stone patios and brick walkways are complemented by custom landscaping and iron gates, creating one of the most distinctive and upscale outdoor environments in the city. Projected 2026 revenue is estimated at $375,000+ underscoring the property's strong performance and demand. Additional financials and expense details are available upon request. Ideally located within walking and biking distance to MUSC, as well as the vibrant shops, restaurants, and nightlife of Cannonborough-Elliotborough and Upper King Street, this offering presents a rare opportunity to acquire a high-performing, fully permitted short-term rental asset in one of Charleston's most sought-after neighborhoods.

Property details

MLS
CHS Regional MLS
MLS #
26026897
Property type
Residential Income
Subdivision
Cannonborough-Elliotborough
Status
Active
Days on market
8
On market date
September 28, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 acres

Location

Get directions →
Loading map…

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
0.88 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
0.48 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
0.5 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 8 days -- 62 fewer days than Charleston's current average of 70 days.
For reference, the median list price across 1,077 active listings in Charleston right now is $595,000.

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$23,486/mo
$775,000 down
$3,100,000 loan
Principal & interest$20,107
Property tax (est.)$3,229
Home insurance (est.)$150

Similar homes you might like

35 Cannon Street, Charleston SC 29403
$3,195,000
35 Cannon Street, Charleston SC 29403
Charleston, 29403
7 bd
5 days on market
Listed by Patrick Dahlin
1731 W Avalon Circle
$3,600,000
1731 W Avalon Circle
Charleston, 29407
24 bd·24 ba·16,800 sqft
3 days on market
Listed by Jeff Shugarts Jr, Andrew Reed Properties, LLC
59 Society Street, Charleston SC 29401
$3,900,000
59 Society Street, Charleston SC 29401
Charleston, 29401
7 bd
22 days on market
Listed by Gail Jenard
67 Warren Street, Charleston SC 29403
$3,900,000
67 Warren Street, Charleston SC 29403
Charleston, 29403
6 bd
42 days on market
Listed by Leslie Turner
76 Nassau Apt B, Charleston SC 29403
$3,990,000
76 Nassau Apt B, Charleston SC 29403
Charleston, 29403
43 days on market
Listed by Don Kane
140 Spring Street, Charleston SC 29403
$3,100,000
140 Spring Street, Charleston SC 29403
Charleston, 29403
249 days on market
Listed by Melanie Koukos

Data source: Listing information provided by CHS Regional MLS via Trestle/CoreLogic. Last updated 24 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.