241 East Bay Street Charleston, SC 29401
MULTI_FAMILY - Charleston, SC
Property size:
11,752 SFLot size:
0.15 AcresPrice / SF:
$433/SF- Added:
- Feb 26, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 29 at 8:06 pm
Property Features for 241 East Bay Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 9, Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 6
- Standard status
- Active
- Size
- 11,752 SF
- Lot size
- 0.15 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Ductless (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1871
- Floors in Building
- 3
- Number of units
- 4
- Building materials
- Block/Masonry, Stucco
- Roof type
- Metal
Listing agent Charles Sullivan (843) 266-8000
Listing office Carriage Properties LLC Charleston, SC (843) 266-8000
Listing date Feb 26, 2026
MLS# 26005460
Listing URL
Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Charleston Multifamily Investment Opportunity
This meticulously restored and well-maintained four-unit masonry structure is situated in the heart of Charleston's Historic District, conveniently located one block from the City Market and surrounded by upscale dining and shopping options. The property features nine on-site parking spaces. Zoned General Business and located within the accommodation zone, it is approved for four-unit accommodations and currently operates as the Charleston Chestnut Mansion, a four-unit short-term rental. This versatile property offers the flexibility to operate as short-term or long-term rentals, or as office spaces, adapting to future market demands, particularly given its corner location at East Bay and Guignard Streets. Each of the four units has a separate entrance and is fully updated and furnished with bookings extending into the future. The first floor comprises two two-bedroom units, each spanning 1,400 square feet. The second floor offers over 3,300 square feet, featuring three bedrooms, three bathrooms, and elevator access. The third level encompasses the upper floor with over 2,100 square feet and two bedrooms. Originally two separate structures, the original building at 241 East Bay was built in 1871, with an addition at 243 East Bay added during the 1986 Restoration. Comprehensive renovations were completed from 2015 to 2021, including updates to mechanical systems, windows, and interiors. The property's gross income for 2025 is projected to be $588,061. The property size is 11,752 square feet and the lot size is 0.15 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Charleston Chestnut Mansion
Vacation Rental
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Berkeley
- State
- South Carolina
- Longitude
- -79.92793
- Latitude
- 32.782013
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Restored 4-unit building in Charleston's Historic District.
Where is this short term rental property located?
The property is located at 241 East Bay Street Charleston, SC.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: High Gross Income: Projected $588,061 gross income for 2025.; Prime Location: Heart of the Historic District, one block from City Market, high visibility corner location.; Turnkey Business: Fully furnished and updated units with existing bookings.
