183 Smith Street, Charleston, SC 29403 (MLS# 31009423)

183 Smith Street, Charleston, SC 29403

New Listing

$1,725,000

Property Type: Commercial Sale Square Footage: 3,819 Status: Active

Current Price: $1,725,000 List Date: 9/14/2026 Last Modified: 9/14/2026

Overview

Description

183 Smith Street is a 3,819 SF, three-unit multifamily asset in Cannonborough-Elliottborough, on the Charleston peninsula two blocks from MUSC and within walking distance of the College of Charleston and the Upper King commercial corridor. The property comprises two separate buildings on a single 0.12-acre parcel: a detached two-story single house fronting Smith Street (4BR/2BA, 1,486 SF) and a two-unit building to the rear (183½ A and B, 3BR/1BA each, 1,166 SF per unit). Ten bedrooms total with off-street parking. **In-place income, fully documented.** The property is 100% occupied at $13,100 per month -- $157,200 annualized -- with all three leases written through July 31, 2027. Blended rent is $3.43/SF/month across a tight $3.36-$3.52 band, so no unit is carrying the roll. Normalized trailing-twelve available with NDA. **Condominium-regime optionality.** Because the front house is fully detached from the rear duplex, the parcel may support a three-unit horizontal property reg ... (Read more)

Listing Details MLS# 31009423

Location

Street Number: 183
Street Name: Smith
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29403
Parcel Number: 460-15-02-026
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Listing Name: 183 Smith St Triplex - Two Buildings - Near MUSC/CofC.
Property Condition: Existing
Number of Units Total: 3
Building Area Total: 3819
Typical SqFt Per Floor: 1200
Gross Rent Multiplier: 11
Zoning: City of Charleston - DR-2F - Diverse Residential (Front Yards Required)
Property Visibility: Excellent
List Price/SqFt: 451.69
Opt In to Crexi?: No

Contract Information

Listing Contract Date: 2026-09-13
Original List Price: 1725000
Tax Legal Description: 183 Smith Street

Building Related

Percent Occupied: 100
General Condition: Good
Stories Total: 2
Year Built: 1998
Parking Total: 4
Number Of Buildings: 2

Land Related

Part of Planned Development?: No
In Flood Plain?: Yes

Status Change Info

Status Change Date: 2026-09-14

More Information

Auction Details

Auction: No

Area and Location

Airports: CHS

Building Detail

Sprinklers: None

Property Features

Property Sub Type: Multi Family Current Use: Multi-Family; Residential; Student Housing Structure Type: Mixed Use; Triplex Parking Type: Surface Internet Access: Cable; Fiber Optic Lot Features: Level Road Frontage Type: City Street Road Surface Type: Asphalt Water Source: Public Sewer: Public Sewer

Listing Office: King and Society Real Estate

Last Updated: September - 14 - 2026

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