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Two-Home Multifamily Property

11 Hanover Street #A B, Charleston, SC 29403

For Sale
$1,999,999

Two 2021 residences provide flexible owner-occupant, long-term leasing, and short-term rental configurations near downtown Charleston.

Property SizeContact for details
Days on Market108

Property Features for 11 Hanover Street #A B

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood East Side
Road Access Yes

Units

Unit Mix 1 x 4BR/4BA, 1 x 3BR/3BA
Multifamily Units 2

Additional Details

Gross Income $126,000

Amenities

metal roofs
tankless water heaters
raised slab foundations
off-street parking
transferable termite bond
Security System
Central Air
Central
Heat Pump
Charleston Water Service, Dominion Energy, Metal

Building Details

Year Built 2021
Buildings 2
Listing Agency: The Boulevard Company
Listed By: Sl Saad
Source: Kw
Added: Jul 26 Changed: Nov 8 Last Checked: Nov 8 at 8:48AM

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 The Boulevard Company

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Investment Insights

Based on property information with market context.

This multifamily property includes two separate residences completed in 2021 and maintained since construction. Building A contains 4 bedrooms, 4 full bathrooms, and 2,084 square feet, while Building B offers 3 bedrooms, 3 full bathrooms, and 1,378 square feet. Recent landscaping and interior painting complement metal roofs, tankless water heaters, raised slab foundations, central HVAC, and a transferable termite bond. Off-street parking is available, with the ability to apply for additional residential parking decals through the City of Charleston.

Located at 11 Hanover Street near King Street in downtown Charleston, the property is designated within the X Flood Zone. Both residences are currently leased, with Building A occupied through May 31, 2027, and Building B through April 30, 2027. The property is eligible for the STR CAT 2 Bed & Breakfast permit, supporting an owner-occupancy and short-term rental strategy subject to applicable requirements.

Key Highlights

  • Two residences completed in 2021 on one lot near King Street in downtown Charleston
  • Building A: 4 bedrooms, 4 full bathrooms, and 2,084 square feet
  • Building B: 3 bedrooms, 3 full bathrooms, and 1,378 square feet

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,098
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Charleston, SC

$605 Jul
$614 Aug
$660 Sep
$594 Oct

Properties on Market for Multifamily properties in Charleston

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two 2021 residences provide flexible owner-occupant, long-term leasing, and short-term rental configurations near downtown Charleston.
Where is this multifamily property located?
The property is located at 11 Hanover Street #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 completed in 2021 on one lot near King Street in downtown Charleston; Building A: 4 bedrooms, 4 full bathrooms, and 2,084 square feet; Building B: 3 bedrooms, 3 full bathrooms, and 1,378 square feet
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