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175 Spring St
Charleston, SC 29403
Multifamily Property For Sale · 2 Units

Investment Highlights

  • MUSC Physician Housing, located in highly walkable area of Downtown Charleston

Executive Summary

Fully renovated turnkey duplex investment offering immediate rental income with comprehensive 2025 renovations. Every major system updated for worry-free ownership. Major 2025 Improvements: Complete subfloor/crawlspace renovation with professional rodent proofing. Both units feature full kitchen renovations with modern finishes. New PVC plumbing installed from units to street connection eliminates future concerns. Recently sealed roof with reinstated termite bond. First floor noise dampening inserts enhance tenant comfort by reducing sound transmission between units. Fully leased generating immediate cash flow. Extensive renovations mean minimal future capital requirements, focus on income generation, not repairs. Perfect for investors seeking premium, low-maintenance rental property with strong tenant satisfaction and reliable income potential. Move-in ready with quality improvements throughout. Ideal turnkey investment opportunity.

Property Facts

Price Per Unit $525,000
Sale Type Investment
Cap Rate 5.59%
Gross Rent Multiplier 13.26
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.04 AC
Building Size 1,738 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1890/2024
Parking Ratio 1.15/1,000 SF
Zoning GB-General Business - General Business, STR 2 Overlay in the City of Charleston

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Fireplace
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Attic
  • Breakfast Nook
  • Built-In Bookshelves
  • Deck
  • Family Room
  • Porch

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $3,400 869
  • Listing ID: 39453047

  • Date on Market: 2/16/2026

  • Last Updated:

  • Address: 175 Spring St, Charleston, SC 29403

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