$3,100,000
140 Spring Street
Charleston, SC 29403
MLS# 26002821
7 beds  |  5 baths  |  3034 sqft
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Property Description
An exceptional opportunity to acquire a fully renovated, fully licensed commercial short-term rental complex in the heart of downtown Charleston. 140 Spring Street is a boutique, three-unit offering designed to command premium nightly rates while delivering a rare combination of privacy, parking, and outdoor living—features that consistently outperform in Charleston's high-barrier STR market. The property features two spacious 3-bedroom / 2-bath residences and one well-appointed 1-bedroom unit, creating multiple income streams ideal for group travel, extended stays, and high-yield weekend demand. Renovations were thoughtfully executed to preserve historic charm while delivering modern finishes that today's guests expect.

Details
Maps
Documents
Contract Info
Sub-Type: Single Family Detached
MLS List Date: 2026-01-30
Status: Active
List Price: $3,100,000
Current Price: $3,100,000
Total List Price/SqFt: 1021.75
Location, Tax & Legal
Tax Map #: 4601102055
Street #: 140
Street Name: Spring
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough-Elliotborough
Elementary School: James Simons
Middle School: Simmons Pinckney
High School: Burke
Directions: Spring Street between Rutledge and Kracke Street
General Property Info
Primary Structure Full Baths: 5
Primary Structure Beds: 7
Total Baths - Full: 5
Total Beds: 7
Baths - Total: 5
Ground Level: No
Primary Bedroom – Main Level: Yes
Stories: 3
Primary Structure Apx SqFt: 3034
Total Apx SqFt: 3034
Lot Size: .08
Ownership: Fee Simple
Year Built: 1890
Acreage: 0.08
Other Structures Y/N: No
Potential Short Sale: No
HOA Fee: No
Property Features
SqFt Source: Previous Listing
SF Detached Style: Victorian; Villa
Lot Description: 0 - .5 Acre
New Owned: Pre-Owned
Proposed Financing: Any
Assumable: No
Supplements
A true differentiator is the private, walled courtyard exclusive to one of the 3-bedroom units. Complete with a gazebo, brick fireplace, and dedicated sitting area, this outdoor sanctuary significantly enhances guest experience and booking appeal. The courtyard also offers potential for a plunge poolan extraordinary rarity in downtown Charleston and a proven lever for materially increasing ADRs and annual revenue. Off-street parking further strengthens the asset's competitive position, while in-place commercial STR licensing allows for immediate operation with no entitlement risk. Beyond operational performance, ownership offers significant tax advantages unique to short-term rentals, including the potential for accelerated depreciation and cost segregation, which may allow investors to offset a substantial portion of incomeoften without passive activity limitations, subject to individual circumstances and tax strategy. This is a rare opportunity to acquire a stabilized, scalable, and tax-advantaged STR asset in one of the Southeast's most supply-constrained and resilient markets. $300,000.00/ in annual revenue projected from a reputable local management company.
IDX
Listing Office: Birchin Lane Realty Advisors, LLC

Last Updated: February - 08 - 2026

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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