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Multifamily Rental Portfolio
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Pending

195 Spring St, Charleston, SC 29403

Portfolio includes 5 multifamily properties with 15 rental units, including one currently licensed STR unit.

Property SizeContact for details
Days on Market146

Property Features for 195 Spring St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 15
Listing Agency: Johnson & Wilson Real Estate Company
Listed By: Steven Avey · License #SC 120592
Source: Crexi
Added: Apr 11 Changed: Aug 16 Last Checked: Aug 31 at 3:40PM

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 Johnson & Wilson Real Estate Company

Investment Insights

Based on property information with market context.

This portfolio offers five multifamily properties totaling 15 rental units, with one unit currently licensed and operated as a short-term rental. The mix includes 1-bedroom, 2-bedroom, and studio/efficiency-style units distributed across the portfolio addresses.

The properties are described as being just steps away from MUSC and located in the Category 2 section of the Peninsula. All listed lots are adjacent to one another, creating a consolidated holding in a high-growth area of the Westside on the Peninsula, with zoning described as flexible and differentiating around the site.

Unit mix by address is provided as follows: 195 Spring St (Unit A 1/1, Unit B 1/1), 197 Spring St (Unit A 1/1, Unit B 2/1), 199 Spring St (Unit A 1/1, Unit A Studio, Unit B 1/1, Unit B Studio, Unit C 1/1), 201 Spring St (Unit A 1/1, Unit B 2/1, Unit C 1/1, Efficiency Cottage), and 94 Courtenay Dr (Unit A 1/1 licensed STR, Unit B 1/1).

Key Highlights

  • Portfolio of 5 multifamily properties with 15 rental units total
  • One unit is currently licensed and operated as an STR
  • Properties are steps from MUSC

Property Analytics

Current Use

Short term rental ...

Suggested Use

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

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

15
Residential units

Location Intelligence

Trade Area within ½ mile

5,639
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

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 - Portfolio includes 5 multifamily properties with 15 rental units, including one currently licensed STR unit.
Where is this short term rental property located?
The property is located at 195 Spring St Charleston, SC.
What are key features of this property?
This property features: Portfolio of 5 multifamily properties with 15 rental units total; One unit is currently licensed and operated as an STR; Properties are steps from MUSC
(843) 486-1600 Call to check price and availability
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