265 Coming St, Charleston, SC 29403
Upper Charleston, 29403
$3,250,000
Location
Description
Welcome to 265 Coming Street, a rare, turnkey investment opportunity in the heart of Downtown Charleston, featuring two newly built, architecturally refined luxury residences with long-term, secured income already in place.Both homes are fully leased from 2024 through May 2027, generating $15,700 per month and $188,400 in annual gross income, with zero vacancy since construction. Unit A is leased at $7,600 per month and Unit B at $8,100 per month, and each lease includes built-in annual rent increases of $100 per bedroom. This escalated structure results in projected income of $16,500 per month and $198,000 annually for 2026, providing immediate cash flow with predictable growth. All tenants have renewed through the full multi-year lease period, offering exceptional income stability rarely found in Downtown Charleston. Constructed in 2024 by Old City Builders, one of Charleston's most respected high-end historic builders, the property blends enduring craftsmanship with modern efficiency. Designed to complement the surrounding historic fabric, both residences reflect a commitment to longevity, quality construction, and thoughtful architectural detail. Interior designer, Studio Maman Interiors, brings a refined, architectural sensibility to both homes. Her curated material selections, balanced palette, and attention to scale elevate the interiors to a level more commonly associated with primary residences or luxury short-term rentals setting these homes apart within the student rental market. Situated on an X Flood Zone lot (no flood insurance required), the property consists of two separate single-family detached structures, each rising three stories and offering dedicated off-street parking. Zoned DR-2F, the site benefits from efficient land use, modern systems, and long-term flexibility. Together, the residences total over 3,300 square feet and include eight bedrooms, seven full bathrooms, two half bathrooms, and four off-street parking spaces. Each home offers a thoughtfully designed layout that balances open living areas with private bedroom suites, creating a highly functional and durable living environment well-suited for long-term tenancy. 265 Coming Street represents a rare convergence of secure income, modern construction, architectural integrity, and design-forward execution. With long-term leases already in place through 2027, annual rent escalations, and a proven history of zero vacancy, this property offers a compelling opportunity for investors seeking a stabilized, low-maintenance asset in one of Charleston's most desirable urban corridors.
Interior
- Interior Features: High Ceilings
- Interior Features: Kitchen Island
- Interior Features: Ceiling Fan(s)
- Interior Features: Eat-in Kitchen
- Interior Features: Formal Living
- Flooring: Wood
Bedrooms & Bathrooms
- Full Baths: 6
- Half Baths: 2
Heating & Cooling
- Heating: Heat Pump
- Cooling: Central Air
Exterior & Lot
- Patio/Porch: Front Porch
- Roof: Metal
- Construction: Wood Siding
- Lot Features: High
- Lot Features: Level
Parking & Garage
- Parking: Off Street
Utilities
- Sewer: Public Sewer
- Water: Public
- Utilities: Charleston Water Service
- Utilities: Dominion Energy
Financial
- Annual Tax: 8508
Price History
Listed at $3,250,000 on 2026-03-13. No price changes recorded yet.
43/100
| Price |
|
0 |
| House Size |
|
100 |
| Yard Size |
|
38 |
| Features |
|
40 |
| Flood Risk |
|
50 |
| Year Built |
|
30 |
| Single Story |
|
50 |
| Price/Sqft |
|
5 |
| Days on Market |
|
50 |
| HOA Fee |
|
70 |
| Near Medical |
|
40 |
| Near Grocery |
|
40 |
| Community Pool |
|
20 |
| Property Tax |
|
100 |
| Lot Ratio |
|
29 |
| Price Trend |
|
50 |
| Walkability |
|
40 |
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| Source | Zillow |
| First Seen | Mar 13, 2026 |
| Last Updated | Apr 05, 2026 |
| Status | Active |