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Two-Unit Short-Term Rental Property
For Sale
$3,875,000

111 Cannon St, Charleston, SC 29403

Turnkey, furnished two-unit setup with seven bedrooms and private outdoor amenities for short-term guests.

Property Size2,811 SF
Price / SF$1,378
Days on Market114

Property Features for 111 Cannon St

General Information

Standard status Active
Size 2,811 SF
Property subtype Multi-Family

Additional Details

Business Included Yes
Multifamily Units 2

Building Details

Year Built 1910
Listing Agency: The Boulevard Company
Listed By: Matt Anderson · License #89024
Source: Greatercharlestonhomesource
Added: Jun 5 Changed: Sep 9 Last Checked: Sep 24 at 10:27AM

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

Investment Insights

Based on property information with market context.

This turnkey two-unit short-term rental property is configured with a 4-bedroom/4-bath Unit A and a 3-bedroom/3-bath Unit B, for a total of 7 bedrooms and 7 bathrooms. The home has been fully renovated from its original historic residence character, with professional design and contracting work completed. Both units are professionally furnished and thoughtfully appointed, and the sale includes appliances, fixtures, and furnishings, allowing for immediate operation without additional outfitting.

Located at 111 Cannon Street in Charleston, the property is described as being in the heart of downtown. The outdoor space is a standout feature, with a private backyard retreat that includes a spa, built-in grill, lounge deck, and a large outdoor dining area, along with blue stone patios, brick walkways, custom landscaping, and iron gates.

For buyers seeking a ready-to-operate short-term rental, the property is presented as having professional management in place and a demonstrated guest-review history, with remarks noting consistent 5-star guest reviews. The listing also references 2026 revenue projections and existing bookings, with additional financial and expense details available upon request. With convenient walk and bike access to MUSC and nearby dining and retail, the layout supports flexible guest stays across the two distinct unit configurations.

Key Highlights

  • Two‑unit property (built 1910) with 7 total bedrooms and 7 total bathrooms
  • Unit A: 4 bed / 4 bath; Unit B: 3 bed / 3 bath (each unit professionally furnished)
  • Renovated historic residence with appliances, fixtures, and furnishings included for a turnkey setup

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Plumbing Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

7,054
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

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Turnkey, furnished two-unit setup with seven bedrooms and private outdoor amenities for short-term guests.
Where is this short term rental property located?
The property is located at 111 Cannon St Charleston, SC.
What is the asking price?
The asking price for this property is $3,875,000.
What are key features of this property?
This property features: Two‑unit property (built 1910) with 7 total bedrooms and 7 total bathrooms; Unit A: 4 bed / 4 bath; Unit B: 3 bed / 3 bath (each unit professionally furnished); Renovated historic residence with appliances, fixtures, and furnishings included for a turnkey setup
More about this property
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