Renovated Triplex with Separate
3132 Lakewood Avenue Columbia, SC 29201
For Sale
$569,000
MULTI_FAMILY - Columbia, SC
Property Size2,943 SF
Price / SF$193.34
Days on Market80
Property Features for 3132 Lakewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking
3
Parking features
Off Street, Assigned
Standard status
Active
Size
2,943 SF
Utilities
Heating system
Central
Cooling system
Central Air, Wall Unit(s), Multi Units
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Listing Agency:
RE/MAX Home Team Realty LLC
(803) 764-3243
Listed By:
J Parker Smith
(803) 764-3243
Added: May 10
Changed: Jul 24
Last Checked: Jul 28 at 7:06AM
MLS# 633766
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 fully renovated triplex is producing $4,680 per month in gross rent with all three units occupied. The two upper units each feature 2 bedrooms and 1 bathroom. The ground-floor unit offers 1 bedroom and 1 bathroom and has its own separate entrance, and it comes fully furnished.
Inside, the upper units include fully renovated kitchens with white shaker cabinets, granite countertops, and stainless Whirlpool appliances, along with high-gloss marble tile in the kitchen areas. Living spaces feature refinished original hardwood floors, while bedrooms include LVP flooring and ceiling fans. Custom black pipe closet systems are installed, and every unit includes its own washer and dryer.
The property is located at 3132 Lakewood Avenue in Historic Earlewood, on a tree-lined street with a clean curb presence. Earlewood is described as an established intown neighborhood, with mature oaks, real sidewalks, and proximity noted as about a 7-minute drive to downtown Columbia, USC, and the Vista.
Inside, the upper units include fully renovated kitchens with white shaker cabinets, granite countertops, and stainless Whirlpool appliances, along with high-gloss marble tile in the kitchen areas. Living spaces feature refinished original hardwood floors, while bedrooms include LVP flooring and ceiling fans. Custom black pipe closet systems are installed, and every unit includes its own washer and dryer.
The property is located at 3132 Lakewood Avenue in Historic Earlewood, on a tree-lined street with a clean curb presence. Earlewood is described as an established intown neighborhood, with mature oaks, real sidewalks, and proximity noted as about a 7-minute drive to downtown Columbia, USC, and the Vista.
Key Highlights
- $4,680/month gross rent with all three units currently occupied (triplex)
- Unit mix: two upper 2BD/1BA units and a ground‑floor 1BD/1BA unit
- Each unit has its own washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $16.20 |
| − Vacancy | −$2.6k | −$0.89 |
| EGI | $45.1k | $15.31 |
| − OpEx | −$13.5k | −$4.59 |
| NOI | $31.5k | $10.72 |
2,943 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,538 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$394.6K
$345.3K – $460.4K
NOI $27,621 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex with all three units occupied, including a ground-floor unit with a separate entrance.
Where is this triplex located?
The property is located at 3132 Lakewood Avenue Columbia, SC.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: $4,680/month gross rent with all three units currently occupied (triplex); Unit mix: two upper 2BD/1BA units and a ground‑floor 1BD/1BA unit; Each unit has its own washer and dryer
