Channel wing is a propeller-coupling layout that has good low-speed performance and S/VTOL potential. Focused on the application of this layout at the S/VTOL stage, this paper attempts to find the interaction mechanism for the distributed propeller channel wing. Firstly, the computation method based on RANS equations for propeller–wing integration was established with Momentum Source Method, which was compared with the unsteady Sliding Mesh method and validated by a ducted propeller. Secondly, the performances and aerodynamic characteristics of the single-propeller channel wings with two different airfoils were analyzed, and a ground test for the scaled model was conducted. Finally, a four-propeller channel wing was analyzed and compared with single-propeller channel wing, then the flow field characteristics were discussed in depth. The study shows that the airfoil shape will strongly affect the lift of channel wing at S/VTOL stage. Multi-propeller channel wing analysis indicates that rotational direction plays an important role in outside propeller interaction, where outboard-up rotation increases outside channel lift. In addition, the propeller wake also shows special distortion and dissipation behaviors, which are strongly affected by adjacent propellers.