Viewing Listing MLS# 26016384

$3,980,000 No Recent Price Change
111 Cannon Street
Charleston, SC 29403
  • 7Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 2,811SqFt
  • 1910Year Built
  • 0.13Acres
  • MLS# 26016384
  • Multi Family
  • Active


Overview

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.



Agriculture / Farm

Grazing Permits Forest Service:  No

Grazing Permits Private:  No

Grazing Permits Blm:  No

Farm Credit Service Incl:  No

Association Fees / Info

Community Features:  Pool

Bathroom Info

Building Info

Year Built:  1910

Business Info

Buyer Compensation

Exterior Features

Garage / Parking

Gar Pkg:  Other

Interior Features

Interior Features:  Ceiling Fan(s)

Lot Info

Lot Size:  0.13

Lot Size Units:  Acres

Acres:  0.13

Lot Sqft:  5662.8

Irrigation Water Rights:  No

Offer Compensation

Other

Mobile Home Remains:  No

Property Info

Property Type:  B

Stories:  2

Foundation:  Crawl Space

Exterior:  Wood Siding

Roof:  Metal

Property Subtype:  No

Building Area Units:  Square Feet

Home Warranty:  No

Habitable Residence:  No

Structure Type:  Duplex

Room Info

Beds:  7

Sale / Lease Info

Lease Renewal Option:  No

Lease Considered:  No

Lease Assignable:  No

Sqft Info

Sqft:  2811

Unit Info

Number of Units Total:  2

Unit Bedrooms:  4

Unit Bedrooms:  3

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Heat Pump

Water Sewer:  Public Sewer

Cooling:  Yes

Waterfront / Water

Schools

Elem:  Memminger

Middle:  Simmons Pinckney

High:  Burke

Directions

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

Courtesy of listing office The Boulevard Company 

Mortgage Calculator

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On charlestonneighborhoods.com since Fri, Jun 5th 2026
No Property History recorded for this listing.

Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Realty ONE Group Coastal are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 06-06-2026 7:27 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2026 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 06-06-2026 7:27 PM EST est.

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