Duplex With Updated
For Sale
$350,000
104- 106 Summerlea Drive, Columbia, SC 29203
The tenant-occupied property has tankless water heaters and updated HVAC equipment.
Property Size1,450 SF
Price / SF$241.38
Days on Market33
Property Features for 104- 106 Summerlea Drive
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Duplex
Site & Location
Neighborhood
Hyatt Park Keenan Terrace
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,450 SF
Year Built
1950
Buildings
1
Listing Agency:
Chucktown Homes Team by LPT
Listed By:
Nick Demko
Source:
Margaret-ann
Added: Oct 3
Changed: Nov 2
Last Checked: Nov 3 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chucktown Homes Team by LPT
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Investment Insights
Based on property information with market context.
This 1,450-square-foot duplex was built in 1950 and has updated HVAC equipment and tankless water heaters. Tenants currently occupy the property.
The property is in Columbia’s Keenan Terrace community, with Richland Memorial, the Main Street district, the University of South Carolina, and Earlewood Park described as minutes away.
The property is in Columbia’s Keenan Terrace community, with Richland Memorial, the Main Street district, the University of South Carolina, and Earlewood Park described as minutes away.
Key Highlights
- 1,450‑square‑foot duplex
- Updated HVAC equipment and tankless water heaters
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,539
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,780
$310.8K
Cap Rate 7%
$221,986
$222.0K
Cap Rate 9%
$172,656
$172.7K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$23.5K $16.20/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$22.2K $15.31/SF
− OpEx
−$6.7K −$4.59/SF
NOI
$15.5K $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 Rate 5%
$310,780
Cap Rate 7%
$221,986
Cap Rate 9%
$172,656
Alternative Uses
Best Use
Multifamily LT 5
$222.0K
$194.2K – $259.0K
NOI $15,539 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$194.4K
$170.1K – $226.8K
NOI $13,609 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$357.0K
$312.4K – $416.6K
NOI $24,993 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
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Business Placement
Demographics for 29203, SC
39,449
Population
18,815
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
633
Density / Sq Mi
$42,371
Median Household Income
$30,228
Median Earnings
$1,041
Median Rent
$121,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The tenant-occupied property has tankless water heaters and updated HVAC equipment.
Where is this duplex located?
The property is located at 104- 106 Summerlea Drive Columbia, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,450‑square‑foot duplex; Updated HVAC equipment and tankless water heaters; Built in 1950
