11 Hanover Street #A,B, Charleston, SC 29403
Local realty services provided by:Better Homes and Gardens Real Estate Palmetto
Listed by: sl saad
Office: the boulevard company
MLS#:26021150
Source:SC_CTAR
11 Hanover Street #A,B,Charleston, SC 29403
$1,999,999
- 7 Beds
- - Baths
- 3,462 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,999,999
- Price per sq. ft.:$577.7
About this home
BRING ALL OFFERS! X Flood Zone - No Flood Insurance Required! A rare opportunity to own two charming 2021 construction homes in pristine condition on one lot just blocks from King Street in the heart of downtown Charleston. 11 Hanover Street offers incredible flexibility for a College of Charleston parent, owner-occupant, or investor. Both buildings have been rented since June 1, 2022, with tenants currently in place through May 31, 2027 (Building A) and April 30, 2027 (Building B). Current ownership has never increased rents, which have remained at $1,500 per bedroom since 2022, generating $10,500 per month in rental income. With current market rents ranging from approximately $1,850-$2,100 per bedroom, a new owner has significant upside potential to increase incomeat lease expiration. Tenants are responsible for all utilities with the exception of Wi-Fi.
The property is eligible for the STR CAT 2 Bed & Breakfast permit, allowing an owner to occupy one of the two buildings at the 4% owner-occupied tax rate while legally operating the other as a nightly short-term rental at the 6% tax rate. Projected gross revenue for owner-occupying Building B and short-term renting Building A is approximately $133,000 annually.
The front home (A) features 4 bedrooms, 4 full bathrooms, and 2,084 square feet, while the rear home (B) offers 3 bedrooms, 3 full bathrooms, and 1,378 square feet. Both homes were completed in 2021 and have been meticulously maintained since construction. Properties have recently been landscaped and interiors painted. Additional highlights include metal roofs, tankless water heaters for endless hot water, raised slab foundations (no crawlspace maintenance or moisture concerns), a transferable termite bond through Elam's, PLENTY off-street parking, and the ability to apply for additional residential parking decals through the City of Charleston.
Offering an unbeatable downtown location, rare X Flood Zone designation, modern construction, multiple investment strategies, and substantial income potential, 11 Hanover Street is truly a one-of-a-kind opportunity in downtown Charleston....
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Home facts
- Year built:2021
- Listing ID #:26021150
- Added:1 day(s) ago
- Updated:July 24, 2026 at 09:31 PM
Rooms and interior
- Bedrooms:7
- Living area:3,462 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Heat Pump
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:3,462 sq. ft.
- Lot area:0.13 Acres
- Foundation Description:Raised Slab
- Levels:2 Story
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:James B Edwards
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,999,999
- Price per sq. ft.:$577.7
Features and amenities
- Amenities:Ceiling Fan(s)
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