Active

11 Hanover Street #A,B

Charleston, SC 29403
Mark as Favorite
Bed 7

Bed

Bath 7

Bath

SqFt3,462

Sqft

Acres0.13

Acre(Lot)

BRING ALL OFFERS! X Flood Zone - No Flood Insurance Required! A rare opportunity to own two charming 2021 construction homes in pristine condition on one lot just blocks from King Street in the heart of downtown Charleston. 11 Hanover Street offers incredible flexibility for a College of Charleston parent, owner-occupant, or investor. Both buildings have been rented since June 1, 2022, with tenants currently in place through May 31, 2027 (Building A) and April 30, 2027 (Building B). Current ownership has never increased rents, which have remained at $1,500 per bedroom since 2022, generating $10,500 per month in rental income. With current market rents ranging from approximately $1,850-$2,100 per bedroom, a new owner has significant upside potential to increaseincome at lease expiration. Te nants are responsible for all utilities with the exception of Wi-Fi. The property is eligible for the STR CAT 2 Bed & Breakfast permit, allowing an owner to occupy one of the two buildings at the 4% owner-occupied tax rate while legally operating the other as a nightly short-term rental at the 6% tax rate. Projected gross revenue for owner-occupying Building B and short-term renting Building A is approximately $133,000 annually. The front home (A) features 4 bedrooms, 4 full bathrooms, and 2,084 square feet, while the rear home (B) offers 3 bedrooms, 3 full bathrooms, and 1,378 square feet. Both homes were completed in 2021 and have been meticulously maintained since construction. Properties have recently been landscaped and interiors painted. Additional highlights include metal roofs, tankless water heaters for endless hot water, raised slab foundations (no crawlspace maintenance or moisture concerns), a transferable termite bond through Elam's, PLENTY off-street parking, and the ability to apply for additional residential parking decals through the City of Charleston. Offering an unbeatable downtown location, rare X Flood Zone designation, modern construction, multiple investment strategies, and substantial income potential, 11 Hanover Street is truly a one-of-a-kind opportunity in downtown Charleston.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $1,999,999

AD Id : 88380579

MLS Id : 26021152

Beds : 7

Lot Size : 0.13 Acre

Living Area Size : 3,462

Year Built : 2021

County : Charleston

Subdivision: Eastside

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Full Baths: 7

    Room Information

    Total Bedroom: 7 Window Feature: Thermal Windows/Doors
  • Flooring Information

    Ceramic Tile, Luxury Vinyl
  • Roofing Information

    Metal
  • Interior Features

    Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Living/Dining Combo, Pantry Roof: Metal Laundry Features: Laundry Room
  • Heating & Cooling

    Heating: Central, Heat Pump Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 2021 Construction Materials: Cement Siding Security System: Security System
  • Exterior Features

    Foundation Details: Raised Slab
    Porch: Deck
  • Fencing

    Partial

  • Lot Information

    Lot Description: 0 - .5 Acre Lot Size Area: 0.13 Lot Size Units: Acres Lot Square Feet: 5,663 Lot Acres: 0.13 Stories: 3 Main Square Feet: 0.13

    Property Information

    Property Type: Residential Sub Type: Single Family DetachedStyle: Charleston Single Subdivision: Eastside

  • Parking Information

    Off Street

  • Elementary School: James B Edwards
    Junior High School: Simmons Pinckney
    Senior High School: Burke
  • Utility Information

    Charleston Water Service, Dominion Energy
  • Location Information

    Direction: From 17 North Or South, Exit Onto East Bay St, From East Bay Turn Right Onto Reid And Then Right Onto Hanover St. The Home Will Be On Your Left.
Sell a home like this and save $119,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
120 Alexander Street, Charleston, SC, 29403 $1,725,000 5 5.5 3,062 3,062 SqFt
3 Elizabeth Street, Charleston, SC, 29403 $975,000 4 2 1,846 1,846 SqFt
2 Henrietta Street, Charleston, SC, 29403 $1,425,000 3 3.5 1,914 1,914 SqFt
44 Charlotte Street #D, Charleston, SC, 29403 $975,000 2 1.5 1,238 1,238 SqFt
3 Judith Street, Charleston, SC, 29403 $925,000 2 2 1,524 1,524 SqFt
645 East Bay Street, Charleston, SC, 29403 $1,295,000 -- -- --
15 Judith Street #E, Charleston, SC, 29403 $1,185,000 2 3.5 1,680 1,680 SqFt
Street, Charleston, SC, 29403 $1,145,000 6 4.0 1,956 1,956 SqFt
9 Lapp's Court, Charleston, SC, 29403 $849,900 3 2.5 1,502 1,502 SqFt
11 Lapp's Court, Charleston, SC, 29403 $849,900 3 2.5 1,502 1,502 SqFt

Copyright © 2026 by the Multiple Listing Service of the Charleston Trident Association of Realtors® (CTAR). This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Charleston Trident Association of Realtors® (CTAR). Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 07/25/2026 @ 11:12

MLS: 26021152 LISTED BY: Sl Saad, The Boulevard Company SOURCE: CHS Regional MLS

Homes around $1,999,999

Selling? Save $119,501 when you sell a home like this

Tour with a ByOwner Agent