11 Hanover Street A,B, Charleston, SC 29403 (MLS# 26021150)

11 Hanover Street A,B, Charleston, SC 29403

New Listing

$1,999,999

Property Type: MultiFamily Square Footage: 3,462 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $1,999,999 List Date: 7/24/2026 Last Modified: 7/24/2026

Overview

Description

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 income

Supplements: at 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 re ... (Read more)

Listing Details MLS# 26021150

Location, Tax & Legal

Tax Map #: 4590902019
Street #: 11
Street Name: Hanover
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Eastside
Elementary School: James B Edwards
Middle School: Simmons Pinckney
High School: Burke
Directions: From 17 North or South, exit onto East Bay St, from East Bay turn right onto Reid and then right onto Hanover St. The home will be on your left.
Unit #: A,B
Legal Description: 11 Hanover

Contract Info

MLS List Date: 2026-07-24
Primary Structure List Price/SqFt: 577.7

General Property Info

Number of Units: 2
# Stories: 2
Primary Structure Apx SqFt: 3462
Year Built: 2021
Acreage: 0.13
Occupancy: Leased
Lease Purchase: Yes
Potential Short Sale: No
Other Structures Y/N: No

Unit 1

SqFt: 2084

Unit 2

SqFt: 1378

Income, Expenses & Fees

Gross Income: 126000

More Information

Office/Member Info

Seller Concessions Negotiable Y/N: No

SqFt Source

Appraisal: Yes

Roof

Metal: Yes

Foundation

Raised Slab: Yes

Garage/Parking

Assigned Parking: Yes

Driveway

Gravel: Yes

Architectural Style

Single Family Detached: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Equipment/Appliances

Ceiling Fan: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Security System: Yes
Washer: Yes

Cooling

Central Air: Yes

Heat

Central: Yes
Heat Pump: Yes

Amenities

Trash: Yes

Sale Includes

No Furniture: Yes

Proposed Financing

Any: Yes

Tenant Pays

Electric: Yes
Heat: Yes
Water & Sewer: Yes

Possession

At Closing: Yes

Special

Termite Bond: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Charleston Water Service: Yes
Dominion Energy: Yes

Property Features

SqFt Source: Appraisal Roof: Metal Foundation: Raised Slab Driveway: Gravel Architectural Style: Single Family Detached Cooling: Central Air Heat: Central; Heat Pump Amenities: Trash Sale Includes: No Furniture Tenant Pays: Electric; Heat; Water & Sewer Proposed Financing: Any Possession: At Closing Special: Termite Bond Utility Suppliers: Charleston Water Service; Dominion Energy

Listing Office: The Boulevard Company

Last Updated: July - 24 - 2026

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