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MLS ID: 25013975
For Sale - $2,500,000

About this property

Bedrooms 6
sq2 2558
Lot Size 0.2200 acres
Year Built 2018
DOM 64

Address

Address:
162 Spring Street
Zip Code:
29403
County:
Charleston
State:
SC

Description

Downtown Charleston Multifamily Retreat - Two Income-Producing Units, STR Eligible, and Turn-Key Ready.Welcome to 162 Spring Street - a rare and dynamic multifamily offering in the heart of Charleston's thriving Elliotborough neighborhood. This property includes two distinct and fully updated residences: a 2-bedroom, 2-bathroom condo-style front unit (Unit A) and a spacious, detached 4-bedroom, 3-bathroom single-family home (Unit D) tucked privately behind it. Whether you're an investor seeking high-performing short-term rental potential, a buyer looking to live in one unit while generating income from the other, or someone building a portfolio of diverse downtown assets -- this opportunity delivers exceptional value, flexibility, and upside.Zoned to allow short-term rentals with proper licensure and fully compliant with all city regulations, this property stands out as a turn-key, multi-use gem that's ready to produce from day one.Unit A sits at the front of the lot and presents as a stylish 2-bedroom, 2-bathroom residence blending classic Charleston architecture with modern convenience. Offered fully furnished and thoughtfully designed for either personal use or STR occupancy, this unit features an open-concept layout with hardwood floors, abundant natural light, and a designer kitchen with granite countertops and stainless steel appliances. Each bedroom enjoys privacy and comfort, complete with ensuite bathrooms  an ideal configuration for couples, friends, or vacationing guests. With a strong rental history and low-maintenance setup, Unit A is a perfect addition to any investor's portfolio or a cozy home base in the city with income built in.Unit D, located at the rear of the property, offers a rare standalone home experience with over 1,600 square feet of living space. This two-story, 4-bedroom, 3-bathroom home has been renovated with both style and functionality in mind. The main level features a spacious living room, a modern kitchen with updated appliances, and a generously sized primary suite  ideal for families, visiting groups, or long-term tenants. Upstairs, three additional bedrooms and two full bathrooms provide ample room for guests, roommates, or flexible lifestyle arrangements. The covered front porch and private outdoor space add charm and livability to an already exceptional layout. Whether used as a short-term rental, a long-term lease, or an owner-occupied residence, Unit D is a high-demand property in one of Charleston's most walkable and desirable areas.Both units are separately metered and include dedicated laundry, modern systems, and the type of finish quality today's renters and buyers expect. Off-street parking adds yet another premium benefit, a rare find in the downtown core.From a location standpoint, 162 Spring Street is a prime launch point to experience the very best of Charleston. Just a short stroll from King Street, the property is within walking distance to some of the city's top restaurants, bars, coffee shops, boutiques, and art galleries. Proximity to MUSC, the College of Charleston, and the medical district makes this an especially attractive choice for mid-term or long-term stays, traveling professionals, or families seeking temporary accommodations in the Holy City.For investors, the dual setup of this property  with a condo-style front unit and a freestanding single-family rear home  offers a unique ability to generate income from two very different renter profiles while sharing the benefits of a single parcel. The ability to operate both units as short-term rentals, if desired, is an enormous advantage that sets this property apart in a market where zoning compliance is critical and increasingly rare. Whether you want to maximize short-term rental income, live in one unit while renting the other, or simply hold an appreciating asset in a prime growth corridor, 162 Spring Street is a smart and strategic acquisition.Opportunities like this are increasingly rare in Charleston  especially properties that are move-in ready, STR eligible, and offer true multifamily flexibility in a high-demand location. Don't miss your chance to own a piece of downtown that earns while it appreciates.

Schools

Name Address Phone Type Grade
Burke High 244 President Street 8435794815 Public 9-12 SPED
Name Address Phone Type Grade
Charleston Charter School for Math and Science 1002 King Street 8437203085 Public 6-12 SPED
Name Address Phone Type Grade
Charleston Development Academy 233 Line Street 8437222689 Public PK-8 SPED
James Simons Montessori 741 King Street 8437247763 Public PK-8 SPED
Name Address Phone Type Grade
Charleston Progressive 382 Meeting Street 8437202967 Public PK-5 SPED
Mitchell Elementary 2 Perry Street 8437247261 Public PK-5 SPED
Sanders-Clyde Elementary 805 Morrison Drive 8437247783 Public PK-5 SPED
Name Address Phone Type Grade
Compass Collegiate Academy 34 Race Street 8434109765 Public K-3 SPED
Name Address Phone Type Grade
Simmons Pinckney Middle 244 President Street 8437247789 Public 6-8 SPED
Name Address Phone Type Grade
Ashley Hall School 172 Rutledge Avenue 843-722-4088 Private PreK-12
Name Address Phone Type Grade
Harvest Time International Academy 227 Huger Street 843-567-5911 Private K-12
subdivision
Active Listings
Avg DoM
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1
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bayfront, Charleston
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bayview farms, Charleston
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2
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bolton, Charleston
3
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8
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3
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1
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byrnes downs, Charleston
5
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cain crossing, Charleston
1
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cannonborough, Charleston
3
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37
295
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capri isles, Charleston
2
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carolina bay, Charleston
16
162
$605,433
carolina cove, Charleston
4
80
$268,487
3
143
$682,000
castlewood, Charleston
3
137
$375,000
center park, Charleston
1
104
$1,025,000
centerville, Charleston
1
116
$475,000
central park, Charleston
8
107
$1,177,419
3
167
$676,989
1
264
$555,000
cherokee hall, Charleston
4
52
$299,975
church creek, Charleston
4
163
$397,544
1
104
$620,950
23
324
$1,874,743
clarks point, Charleston
3
76
$1,178,750
clarks sound, Charleston
1
275
$463,000
clearview, Charleston
4
92
$895,333
1
128
$925,000
1
162
$1,613,798
1
205
$354,664
1
257
$874,833
3
86
$1,995,000
creek point, Charleston
1
201
$567,986
1
245
$1,031,000
crosscreek, Charleston
2
140
$674,550
daniel island, Charleston
36
166
$1,934,975
20
199
$3,689,006
3
199
$1,935,307
4
155
$419,478
dockside, Charleston
17
146
$348,600
1
67
$267,000
dovefield, Charleston
1
208
$220,815
downtown, Charleston
11
168
$1,877,352
4
120
$645,036
e f street, Charleston
1
113
$609,000
1
106
$725,000
1
206
$653,600
1
356
$425,000
eastside, Charleston
22
170
$1,031,858
eastwood, Charleston
3
103
$1,573,980
1
119
$1,466,333
elliotborough, Charleston
11
169
$1,368,413
1
145
$399,000
1
143
$597,667
1
151
$500,000
1
29
$1,200,000
forest acres, Charleston
3
161
$520,657
forest lakes, Charleston
3
119
$549,787
3
95
$524,500
3
159
$1,161,350
fort lamar, Charleston
3
131
$945,500
1
172
$1,097,500
6
278
$2,316,737
gadsdenboro, Charleston
3
162
$1,112,579
garden hill, Charleston
1
245
$1,017,500
geddes hall, Charleston
3
140
$625,082
general lee, Charleston
1
211
$444,333
3
70
$1,195,780
goat island, Charleston
1
47
$309,000
governors cay, Charleston
2
227
$694,983
grand bees, Charleston
5
174
$521,704
14
157
$451,507
grand terrace, Charleston
1
206
$493,000
grants court, Charleston
7
42
$1,062,847
grantville, Charleston
1
250
$650,000
greencrest, Charleston
3
216
$636,000
1
170
$401,225
6
182
$1,978,350
harbor creek, Charleston
1
116
$627,333
harbor oaks, Charleston
1
101
$506,950
harbor place, Charleston
1
126
$648,300
harbor woods, Charleston
1
120
$813,750
1
96
$704,633
harborwalk, Charleston
1
11
$550,000
1
157
$1,487,500
45
191
$2,010,659
1
171
$799,667
heathwood, Charleston
2
147
$563,545
heathwood ext, Charleston
1
24
$687,500
hickory hill, Charleston
1
15
$639,000
3
150
$517,188
hunt club, Charleston
8
113
$609,356
2
172
$568,725
5
86
$1,176,488
indigo fields, Charleston
2
264
$386,333
indigo palms, Charleston
1
4
$424,000
island bluff, Charleston
1
88
$335,980
5
78
$1,099,960
james island, Charleston
7
158
$674,452
1
185
$533,225
2
90
$1,997,228
kings flats, Charleston
1
116
$719,500
1
133
$741,667
2
16
$814,500
lakeside, Charleston
2
145
$414,433
11
208
$848,991
landsdowne, Charleston
1
57
$450,000
lantana, Charleston
1
211
$481,600
lawton bluff, Charleston
8
214
$689,441
lawton harbor, Charleston
2
122
$690,500
4
138
$739,667
legares, Charleston
1
1,384
$1,093,500
lenevar, Charleston
2
155
$619,749
6
189
$836,817
1
225
$600,000
longborough, Charleston
2
166
$2,596,250
longbranch, Charleston
4
144
$528,985
lynwood, Charleston
2
210
$570,000
1
195
$344,933
maclaura hall, Charleston
2
190
$841,000
magnolia, Charleston
1
144
$639,800
2
159
$577,800
magnolia walk, Charleston
1
112
$879,000
mariners cay, Charleston
1
50
$40,000
marsh cove, Charleston
2
171
$477,875
martins creek, Charleston
2
109
$1,125,000
maryville, Charleston
4
146
$461,408
mayflower ct, Charleston
1
14
$568,000
2
132
$573,475
melrose, Charleston
3
156
$542,575
2
180
$175,831
mepkin place, Charleston
4
148
$211,846
4
170
$399,912
1
5
$1,299,000
3
102
$253,000
mira vista, Charleston
3
150
$372,960
moreland, Charleston
4
108
$969,433
morris square, Charleston
1
221
$1,010,750
murray hill, Charleston
1
22
$479,990
myrtle grove, Charleston
1
221
$440,057
needlegrass, Charleston
1
84
$799,000
1
270
$600,850
north central, Charleston
22
177
$917,929
1
19
$430,000
1
156
$849,450
2
180
$753,929
2
222
$760,000
1
135
$905,000
oak bluff, Charleston
8
402
$750,776
oak island, Charleston
1
200
$1,376,333
oak view park, Charleston
1
180
$247,500
oakland, Charleston
1
187
$447,867
3
198
$728,238
old orchard, Charleston
1
216
$506,700
1
207
$619,375
1
147
$324,450
one cool blow, Charleston
1
113
$416,929
3
97
$3,167,500
orange grove, Charleston
3
241
$528,333
11
146
$544,956
orleans woods, Charleston
2
236
$344,200
osprey cove, Charleston
1
174
$298,725
1
106
$260,000
1
66
$426,633
3
186
$1,013,825
park place, Charleston
1
192
$435,750
parkdale, Charleston
1
184
$296,633
1
62
$583,000
parkshore, Charleston
2
219
$747,500
parkside hpr, Charleston
3
106
$515,057
2
101
$643,600
pecan grove, Charleston
1
142
$507,800
pelican cove, Charleston
1
119
$311,975
4
222
$408,143
1
231
$662,450
1
132
$875,000
peninsula, Charleston
4
127
$944,780
pepperidge, Charleston
2
106
$300,000
pier view, Charleston
2
127
$657,554
pierpont, Charleston
6
291
$746,421
2
176
$484,475
pinefield, Charleston
1
712
$989,800
pineview, Charleston
1
100
$556,700
point hope, Charleston
9
270
$947,063
point james, Charleston
3
154
$271,539
ponderosa, Charleston
1
176
$352,525
1
185
$541,429
queensborough, Charleston
3
159
$543,980
11
187
$1,491,501
2
199
$322,269
ricefield, Charleston
2
84
$283,750
ripley cove, Charleston
1
129
$984,900
river bend, Charleston
1
59
$298,000
2
117
$1,018,333
riverbend, Charleston
7
84
$1,155,583
riverfront, Charleston
6
105
$700,300
1
243
$577,500
3
90
$812,475
2
142
$469,317
15
130
$1,336,718
rivers bend, Charleston
2
141
$245,488
rivers point, Charleston
1
148
$741,167
3
179
$252,000
rosemont, Charleston
1
245
$124,000
1
163
$672,971
royal, Charleston
2
231
$426,663
2
192
$632,000
sandhurst, Charleston
3
134
$824,000
2
163
$599,563
seagate, Charleston
4
192
$324,500
5
190
$348,133
12
149
$893,389
2
379
$893,000
shadowmoss, Charleston
21
195
$540,571
shaftesbury, Charleston
2
146
$388,167
3
137
$929,639
5
135
$365,575
silver hill, Charleston
1
111
$329,667
sol legare, Charleston
2
276
$472,500
1
215
$689,250
5
173
$1,955,824
36
199
$3,468,678
springfield, Charleston
10
144
$416,487
2
257
$692,500
stefan acres, Charleston
1
74
$609,950
stiles point, Charleston
4
133
$802,627
2
133
$1,957,800
stone creek, Charleston
2
141
$724,700
stone edge, Charleston
1
49
$724,500
1
5
$860,000
stono park, Charleston
1
176
$688,855
stono shores, Charleston
2
186
$676,328
stono terrace, Charleston
2
168
$703,750
1
129
$150,000
sylcope, Charleston
1
162
$525,000
1
78
$564,900
2
98
$914,380
3
158
$955,500
terrabrook, Charleston
2
118
$843,286
12
189
$572,507
6
139
$299,355
the crescent, Charleston
5
182
$4,292,627
4
186
$159,683
1
190
$424,000
1
118
$349,000
the peninsula, Charleston
2
176
$462,838
6
196
$282,996
1
145
$581,822
the ponderosa, Charleston
2
195
$354,783
2
115
$1,014,500
1
76
$839,000
1
192
$863,744
3
200
$407,405
the savannah, Charleston
3
89
$212,550
4
359
$1,202,223
4
265
$123,725
1
146
$1,273,800
2
22
$425,000
thomas island, Charleston
1
190
$750,000
tidal view, Charleston
1
5
$430,000
turkey pen, Charleston
1
3,224
$250,000
1
113
$392,000
4
310
$322,000
uptown, Charleston
1
571
$1,000,000
vanderhorst, Charleston
2
26
$1,037,500
28
282
$483,288
village green, Charleston
8
157
$498,485
1
41
$425,000
12
184
$1,150,857
wando village, Charleston
5
241
$1,678,532
wappoo hall, Charleston
1
13
$3,795,000
1
212
$1,048,000
wappoo shores, Charleston
3
191
$930,714
1
182
$418,498
1
54
$1,445,000
1
111
$461,667
1
32
$355,000
1
29
$600,000
4
168
$1,273,167
3
178
$671,425
west glow, Charleston
1
177
$420,000
3
153
$592,167
1
81
$598,000
westchester, Charleston
4
143
$488,975
westside, Charleston
13
173
$909,973
wexford sound, Charleston
2
155
$792,100
2
178
$659,100
4
71
$269,680
windermere, Charleston
4
155
$1,025,088
1
202
$974,843
woodlands, Charleston
1
246
$477,078
wraggborough, Charleston
1
209
$1,934,667
2
172
$850,000
1
193
$731,600
6
162
$414,166

Mortgage Calculator

$
$
%
%
Interest Rate as of: Wed, Jul. 23, 2025
$ 2,500,000Home Price
$ 12,999Monthly payment
$ 2,000,000Amount Financed
$ 155,983Annual cost of Loan
$ 4,679,482Total of 360 Payments

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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162 Spring Street, Charleston, SC, 29403
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