40 Spring St, Unit A & B

6
Baths
2,711 Sq. Ft.
$895 / Sq. Ft.
2,711
Sq. Ft.
$895
per Sq. Ft.

Description

$400,000 in total revenue for 2024. Appraisal in hand at $2,640,000. Unbeatable location! Situated 1/2 a block from King Street's most popular restaurants, bars, and shopping, 40 Spring Street A&B is a permitted short-term rental duplex with an impressive rental history. Unit A consists of 3BD/3BA and Unit B consists of 3BD/3.5BA, with the ability to sleep a total of 16 guests. Each unit is sold fully stocked and furnished, has its own outdoor living space, and the property comes with 6 off-street...$400,000 in total revenue for 2024. Appraisal in hand at $2,640,000. Unbeatable location! Situated 1/2 a block from King Street's most popular restaurants, bars, and shopping, 40 Spring Street A&B is a permitted short-term rental duplex with an impressive rental history. Unit A consists of 3BD/3BA and Unit B consists of 3BD/3.5BA, with the ability to sleep a total of 16 guests. Each unit is sold fully stocked and furnished, has its own outdoor living space, and the property comes with 6 off-street parking spots in the rear. Legal & licensed by the city of charleston, permit 04283 + 04284 This property is part of a partial portfolio sale consisting of the following addresses:

- 90 Spring Street A&B (8BD/6.5BA) TMS:460-08-03-181

- 60 & 60 ½ Cannon Street (16BD/13BA) TMS: 460-08-03-038 Combined, 60 A: 460-08-03-240, 60 B/C: 460-08-03-241 & 460-08-03-242, 60 ½ A: 460-08-03-243, and 60 ½ B: 460-08-03-244

- 65 Spring Street (commercial space) TMS: 460-08-03-053
  1. Listed by The Boulevard Company

Property Details for 40 Spring Street, Unit A & B

Subdivision Name
Elliotborough
LISTING UPDATED: 11/05/2025 01:22 AM

Property Details for 40 Spring Street, Unit A & B

StatusClosed
MLS #24025694
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeOther
MLS TypeResidential Income
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyCharleston County

Location

Listing Courtesy of The Boulevard Company

Sold By EXP Realty LLC

Add your commute

Building Information for 40 Spring Street, Unit A & B

Stories2Residences2Year Built1900Lot Size0.09 AC / 3,920 SF

Payment Calculator

$12,211 per month

30 year fixed, 6.46% Interest

Principal and Interest

$12,211

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 40 Spring Street, Unit A & B

Summary
Location and General Information
  • Latitude: 32.792879
  • Longitude: -79.942256
  • Directions: From King Street Turn Onto Spring Street.
  • Entry Location: Ground Level
Taxes and HOA
  • Tax Map Number: 4600802024
School Information
  • Elementary School: Memminger
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney
Parking
  • Attached Garage YN: None
  • Carport YN: None
Property
Lot Information
  • Building Area Total: 2711.0
  • Building Area Units: Square Feet
  • Foundation Details: Crawl Space
  • Other Structures: No
  • New Construction YN: No
  • Structure Type: Duplex
Property and Assessments
  • Photos Count: 42
  • Photo Rights: I own the photos or have the right to use: Yes
Utilities
  • Utilities: Charleston Water Service, Dominion Energy
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating YN: Yes
  • Cooling YN: Yes
  • Heating: Wall Unit(s)
  • Interior Features: Ceiling Fan(s)
  • Stories: 2
Exterior Features
  • Construction Materials: Wood Siding
  • Roof: Asphalt
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Unit 1 Information
  • Unit 1: SqFt: 1355
  • Unit 1: Bedrooms: 3
  • Unit 1: Baths: 3
Unit 2 Information
  • Unit 2: SqFt: 1355
  • Unit 2: Bedrooms: 3
  • Unit 2: Baths: 4

Property History for 40 Spring Street, Unit A & B

DateEvent & SourcePriceAppreciation
Mar 3, 2025

Sold

CHS Regional MLS #24025694

$2,425,000
Feb 2, 2025

Pending

CHS Regional MLS #24025694

Feb 2, 2025

In Contract

CHS Regional MLS #24025694

Oct 7, 2024

Price Change

CHS Regional MLS #24025694

$3,057,500
Oct 7, 2024

Price Change

CHS Regional MLS #24025694

$2,750,000
Oct 7, 2024

Listed (Active)

CHS Regional MLS #24025694

$2,490,000
DateEvent & SourcePrice
03/03/2025

Sold

CHS Regional MLS #24025694

$2,425,000
02/02/2025

Pending

CHS Regional MLS #24025694

02/02/2025

In Contract

CHS Regional MLS #24025694

10/07/2024

Price Change

CHS Regional MLS #24025694

$3,057,500
10/07/2024

Price Change

CHS Regional MLS #24025694

$2,750,000
10/07/2024

Listed (Active)

CHS Regional MLS #24025694

$2,490,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 40 Spring Street, Unit A & B

This home is within Charleston 01 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Mitchell Elementary School
PublicPK to 5

James Simons Elementary School
PublicPK to 8

Simmons Pinckney Middle School
Public6 to 8

Burke High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Boulevard Company

We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Based on information from one of the following Multiple Listing Services: Charleston Trident MLS, LowCountry Regional and REsides, Inc. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS, High Country Association of REALTORS,© 2024 REsides and LowCountry Regional Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.