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111 Cannon Street

Charleston, SC 29403

$3,980,000 $16,779/Mo

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Overview

Bed

Bath

2,811

Sqft

0.13

Acre(Lot)

Description

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 proper ty 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.

Property Details

Property Type : Residential Income

Price : $3,980,000

AD Id : 80277484

MLS Id : 26016384

Beds : 7

Lot Size : 0.13 Acre

Living Area Size : 2,811

Year Built : 1910

County : Charleston

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Metal
Interior Features

Ceiling Fan(s) Roof: Metal
Heating & Cooling

Heating: Heat Pump WaterSource: Public

Building Information

Year Built: 1910 Construction Materials: Wood Siding
Exterior Features

Foundation Details: Crawl Space

Lot Information

Lot Size Area: 0.13 Lot Size Units: Acres Lot Square Feet: 5,663 Lot Acres: 0.13 Stories: 2 Main Square Feet: 0.13

Property Information

Property Type: Residential Income Structure Type: Duplex Subdivision: Cannonborough-Elliotborough

Parking Information

Other

Elementary School: Memminger

Junior High School: Simmons Pinckney

Senior High School: Burke
Utility Information

Charleston Water Service, Dominion Energy
Location Information

Direction: Take Rutledge Avenue South Then Turn Right On To Cannon St. Property Is Located On Left-hand Side Of The Street.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
72 Drake Street #B, Charleston, SC, 29403	$899,500	--	--	--
72 Drake Street #A, Charleston, SC, 29403	$929,500	--	--	--
19 America Street #A AN.., Charleston, SC, 29403	$1,145,000	6	--	2,000	2,000 SqFt
20 Amherst Street #APT B, Charleston, SC, 29403	$429,900	2	1	993	993 SqFt
66 America Street #AB, Charleston, SC, 29403	$1,199,000	6	--	2,800	2,800 SqFt
66 America Street #AB, Charleston, SC, 29403	$1,199,000	--	--	--
13 Iron Forge Alley, Charleston, SC, 29403	$909,900	3	3.5	1,806	1,806 SqFt
24 Iron Frg Alley, Charleston, SC, 29403	$899,900	3	3.5	1,600	1,600 SqFt
21 Line Street, Charleston, SC, 29403	$619,000	4	--	1,252	1,252 SqFt
12 Sheppard Street, Charleston, SC, 29403	$699,999	6	--	1,702	1,702 SqFt

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ByOwner last updated this listing 06/23/2026 @ 02:33

MLS: 26016384 LISTED BY: Matt Anderson, The Boulevard Company SOURCE: CHS Regional MLS