Duplex with Updated Left
For Sale
$255,000
128-130 Country Towns Drive, Columbia, SC 29212
MULTI-FAMILY, Columbia, SC
Property Size2,066 SF
Price / SF$123.43
Days on Market163
Property Features for 128-130 Country Towns Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
4
Parking features
Assigned
Subdivision
COUNTRY TOWNES
Elementary school
Harbison West
Middle school
Irmo
High school
Irmo
Elementary school district
Lexington/Richland Five
Middle school district
Lexington/Richland Five
High school district
Lexington/Richland Five
Directions
I-26 towards Irmo. Take St. Andrews Rd to to Doe Trail, Turn right onto Doe Trail. Turn right onto Country Town Dr.
Standard status
Active
Size
2,066 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
country front porch
fenced-in yard
interior laundry area
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty
(803) 772-5858
Listed By:
JT Livingston · License #64648
(803) 772-5858
Added: Mar 20
Changed: Aug 19
Last Checked: Aug 29 at 10:06AM
MLS# 629570
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes bedrooms one through four and two bathrooms, with central heating and central air. The left side has been updated and is described as move-in ready, featuring new 2026 flooring throughout and an interior laundry area for added convenience.
The home offers a country-style front porch and a fenced-in yard. Parking is provided with assigned parking, and the property is served by public water.
Built in 1986, the duplex is offered for sale as a residential income property, with listing details also noting an address at 128-130 Country Towns Drive in Columbia, South Carolina, in Lexington County.
The home offers a country-style front porch and a fenced-in yard. Parking is provided with assigned parking, and the property is served by public water.
Built in 1986, the duplex is offered for sale as a residential income property, with listing details also noting an address at 128-130 Country Towns Drive in Columbia, South Carolina, in Lexington County.
Key Highlights
- Duplex with updated left side featuring new 2026 flooring throughout
- Interior laundry area
- Country front porch and fenced‑in yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,140
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,800
$442.8K
Cap Rate 7%
$316,286
$316.3K
Cap Rate 9%
$246,000
$246.0K
Market Conditions
NOI Build-Up for 2,066 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.5K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$31.6K $15.31/SF
− OpEx
−$9.5K −$4.59/SF
NOI
$22.1K $10.72/SF
Area
Columbia, SC
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,800
Cap Rate 7%
$316,286
Cap Rate 9%
$246,000
Alternative Uses
Best Use
Multifamily LT 5
$316.3K
$276.8K – $369.0K
NOI $22,140 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$277.0K
$242.4K – $323.2K
NOI $19,390 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$508.7K
$445.1K – $593.5K
NOI $35,611 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 29212, SC
29,739
Population
13,374
Households
2.2
Avg Household Size
43
Median Age
46%
College-Educated
94%
High-School Grad
21.4 sq mi
ZIP Area
1,390
Density / Sq Mi
$74,652
Median Household Income
$45,221
Median Earnings
$1,359
Median Rent
$222,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex featuring central HVAC, an updated left side, interior laundry, and a fenced yard with country front porch.
Where is this duplex located?
The property is located at 128-130 Country Towns Drive Columbia, SC.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Duplex with updated left side featuring new 2026 flooring throughout; Interior laundry area; Country front porch and fenced‑in yard
