Two-Home Multifamily
For Sale
$1,999,999
11 Hanover Street # B Unit A B, Charleston, SC 29403
Two separate residences offer seven bedrooms and seven full bathrooms, with tenants in place under leases extending into 2027.
Property Size3,462 SF
Price / SF$577.70
Days on Market99
Property Features for 11 Hanover Street # B Unit A B
General Information
Standard status
Active
Size
3,462 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
East Side
Units
Unit Mix
1 x 4BR/4BA, 1 x 3BR/3BA
Multifamily Units
2
Additional Details
Gross Income
$126,000
Tenant in Place
Yes
Building Details
Building Size
3,462 SF
Year Built
2021
Buildings
2
Tenancy
Multi
Listing Agency:
Crown Coast Properties
Listed By:
Amy Rogers
(843) 824-4892
Source:
Crowncoast
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 26 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crown Coast Properties
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Investment Insights
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At 11 Hanover Street, two detached residences share one lot. Completed in 2021, the front home has 4 bedrooms, 4 full bathrooms, and 2,084 square feet; the rear home includes 3 bedrooms, 3 full bathrooms, and 1,378 square feet. Both have metal roofs, tankless water heaters, raised slab foundations, and off-street parking. Recent work includes landscaping and interior paint. A transferable termite bond is in place.
The property is in Charleston’s X Flood Zone and is eligible for an STR CAT 2 Bed & Breakfast permit. Existing leases run through May 31, 2027, for Building A, and April 30, 2027, for Building B. Tenants pay utilities other than Wi-Fi. The two-building configuration supports separate occupancy, subject to applicable permit requirements.
The property is in Charleston’s X Flood Zone and is eligible for an STR CAT 2 Bed & Breakfast permit. Existing leases run through May 31, 2027, for Building A, and April 30, 2027, for Building B. Tenants pay utilities other than Wi-Fi. The two-building configuration supports separate occupancy, subject to applicable permit requirements.
Key Highlights
- Two residences on one lot, completed in 2021
- Front home: 4 bedrooms, 4 full bathrooms, and 2,084 square feet
- Rear home: 3 bedrooms, 3 full bathrooms, and 1,378 square feet
Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,098
Businesses Nearby
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Business Placement
Demographics for 29403, SC
21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate residences offer seven bedrooms and seven full bathrooms, with tenants in place under leases extending into 2027.
Where is this multifamily property located?
The property is located at 11 Hanover Street # B Unit A B Charleston, SC.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Two residences on one lot, completed in 2021; Front home: 4 bedrooms, 4 full bathrooms, and 2,084 square feet; Rear home: 3 bedrooms, 3 full bathrooms, and 1,378 square feet
