111 Cannon Street
Charleston, SC, 29403 $ 3,980,000
Bedrooms7 Baths0.0 Sq 2,811 Monthly Estimate*
$ 24,506
for $3,980,000 with 7 bedrooms. This 2,811 square foot home was built in 1910 on a lot size of 0.13.
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 $367,000, with over $200,000 already booked, 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.
See more
FeaturesGeneralCounty Charleston
Property Type Residential Income
Subdivision Name Cannonborough-Elliotborough
Status Active
Directions Take Rutledge Avenue South Then Turn Right On To Cannon St. Property Is Located On Left-hand Side Of The Street.
High School Burke
City Charleston
MLS Area 51 - Peninsula Charleston Inside of Crosstown
Lot Size Units Acres
Lot Size Square Feet 5662.8
Elementary School Memminger
Middle/Junior High School Simmons Pinckney
Building Area Units Square Feet
Standard Status Active
Utilities Charleston Water Service Dominion Energy
Sewer Public Sewer
Heating Heat Pump
Roof Metal
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1910
Community Features Pool
New Construction false
Garage Y/N false
Structure Type Duplex
Other Structures No
Stories Count 2
Number Of Units Total 2
Spa Features Community Hot Tub/Spa
See more
InteriorInterior Amenities Ceiling Fan(s)
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 7
See more
ExteriorLot Size Area 0.13
Lot Size Acres 0.13
Parking Features Other
Water Source Public
Foundation Details Crawl Space
Building Area Total 2811
Covered Spaces 0
See more
* Excluded FeaturesList ByThe Boulevard CompanyBroker
Affordability Calculator
- Monthly Principal & Interest
- $24,506
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Charleston, SC
Average List Price $1,856,241
Percent of Sale Price 53%
About Charleston, SC 138,424 Population
35% Since 2002
$ 62,778 Median Income
36.13 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
246224 Elementary School
1478873 Middle School
Burke High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/5/2026 | $3,980,000 | | Listed Price |