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Three-Unit Short-Term Rental Property
New
For Sale
$3,195,000

35 Cannon Street, Charleston, SC 29403

Residential Income, Charleston, SC

Property Size3,262 SF
Lot Size0.09 Acres
Price / SF$979.46
Days on Market1

Property Features for 35 Cannon Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Rooms Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 2
Subdivision Downtown
Elementary school Memminger
Middle school Simmons Pinckney
High school Burke
Directions On The Right Side Between St Phillip And Coming Street When Heading Towards King St.
Standard status Active
Size 3,262 SF
Lot size 0.09 Acres

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating), Heat Pump (Heating), Other (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1880
Floors in Building 2
Number of units 3
Building materials Wood Siding
Roof type Metal
Listing Agency: King and Society Real Estate
Listed By: Hunter Diggins
Added: Oct 22 Last Checked: Oct 22 at 6:06PM
MLS# 26028901

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.

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Investment Insights

Based on property information with market context.

The property comprises three furnished short-term rental units across two buildings on a 0.09-acre parcel. Two residences each contain 2 bedrooms and 2.5 bathrooms, with approximately 1,049 square feet and a private piazza apiece. A detached, two-story residence has 3 bedrooms, 2.5 bathrooms, and approximately 1,164 square feet. Combined, the units provide approximately 3,262 square feet and 7 bedrooms. Five on-site parking spaces serve the property.

All three units are actively licensed for short-term rentals, and their permits are transferable for non-owner-occupied operations. Renovations completed in 2023 included roofs, mechanical, electrical and plumbing systems, flooring, and select structural work. The residences are professionally managed and furnished. The property is in downtown Charleston, two blocks from King Street and near restaurants, shopping, and entertainment.

Key Highlights

  • Three short‑term rental units across two buildings on a 0.09‑acre parcel
  • Approximately 3,262 square feet with 7 bedrooms
  • Two 2‑bedroom, 2.5‑bath residences of approximately 1,049 square feet each

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

7,481
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

Frequently Asked Questions

What type of property is this?
Short term rental property - Three licensed units have transferable permits for non-owner-occupied rental use and are offered furnished.
Where is this short term rental property located?
The property is located at 35 Cannon Street Charleston, SC.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Three short‑term rental units across two buildings on a 0.09‑acre parcel; Approximately 3,262 square feet with 7 bedrooms; Two 2‑bedroom, 2.5‑bath residences of approximately 1,049 square feet each
More about this property
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