Downtown Charleston Multifamily Retreat - Two Income-Producing Units, STR Eligible, and Turn-Key Ready.Welcome to 162 Spring Street - a rare and dynamic multifamily offering in the heart of Charleston's thriving Elliotborough neighborhood. This property includes two distinct and fully updated residences: a 2-bedroom, 2-bathroom condo-style front unit (Unit A) and a spacious, detached 4-bedroom, 3-bathroom single-family home (Unit D) tucked privately behind it. Whether you're an investor seeking high-performing short-term rental potential, a buyer looking to live in one unit while generating income from the other, or someone building a portfolio of diverse downtown assets -- this opportunity delivers exceptional value, flexibility, and upside.Zoned to allow short-term rentals with proper licensure and fully compliant with all city regulations, this property stands out as a turn-key, multi-use gem that's ready to produce from day one. Unit A sits at the front of the lot and presents as a stylish 2-bedroom, 2-bathroom residence blending classic Charleston architecture with modern convenience. Offered fully furnished and thoughtfully designed for either personal use or STR occupancy, this unit features an open-concept layout with hardwood floors, abundant natural light, and a designer kitchen with granite countertops and stainless steel appliances. Each bedroom enjoys privacy and comfort, complete with ensuite bathrooms an ideal configuration for couples, friends, or vacationing guests. With a strong rental history and low-maintenance setup, Unit A is a perfect addition to any investor's portfolio or a cozy home base in the city with income built in. Unit D, located at the rear of the property, offers a rare standalone home experience with over 1,600 square feet of living space. This two-story, 4-bedroom, 3-bathroom home has been renovated with both style and functionality in mind. The main level features a spacious living room, a modern kitchen with updated appliances, and a generously sized primary suite ideal for families, visiting groups, or long-term tenants. Upstairs, three additional bedrooms and two full bathrooms provide ample room for guests, roommates, or flexible lifestyle arrangements. The covered front porch and private outdoor space add charm and livability to an already exceptional layout. Whether used as a short-term rental, a long-term lease, or an owner-occupied residence, Unit D is a high-demand property in one of Charleston's most walkable and desirable areas. Both units are separately metered and include dedicated laundry, modern systems, and the type of finish quality today's renters and buyers expect. Off-street parking adds yet another premium benefit, a rare find in the downtown core. From a location standpoint, 162 Spring Street is a prime launch point to experience the very best of Charleston. Just a short stroll from King Street, the property is within walking distance to some of the city's top restaurants, bars, coffee shops, boutiques, and art galleries. Proximity to MUSC, the College of Charleston, and the medical district makes this an especially attractive choice for mid-term or long-term stays, traveling professionals, or families seeking temporary accommodations in the Holy City. For investors, the dual setup of this property with a condo-style front unit and a freestanding single-family rear home offers a unique ability to generate income from two very different renter profiles while sharing the benefits of a single parcel. The ability to operate both units as short-term rentals, if desired, is an enormous advantage that sets this property apart in a market where zoning compliance is critical and increasingly rare. Whether you want to maximize short-term rental income, live in one unit while renting the other, or simply hold an appreciating asset in a prime growth corridor, 162 Spring Street is a smart and strategic acquisition. Opportunities like this are increasingly rare in Charleston especially properties that are move-in ready, STR eligible, and offer true multifamily flexibility in a high-demand location. Don't miss your chance to own a piece of downtown that earns while it appreciates. Schedule a Private Showing

Listing courtesy of CTAR / Mason Wright / Charleston Premier Realty

Last checked: Checking… • Last updated May 21, 2025 • Source: CTAR

MLS# 25013975 — Report a problem