Duplex Investment
For Sale
$235,000
111 Villa Court, West Columbia, SC 29170
MULTI_FAMILY - West Columbia, SC
Property Size2,350 SF
Lot Size0.18 Acres
Price / SF$100
Days on Market121
Property Features for 111 Villa Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3
Parking
4
Parking features
Assigned
Subdivision
THREE FOUNTAINS
Elementary school
White Knoll
Middle school
White Knoll
High school
White Knoll
Elementary school district
Lexington One
Middle school district
Lexington One
High school district
Lexington One
Directions
From Plat Springs Road take a right onto Emmanuel Church Road. Right onto Villa Court. Building 111 is on the left. previous list price was typo when imputting data current list price is 235k
Standard status
Active
Size
2,350 SF
Lot size
0.18 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
2
Number of units
2
Listing Agency:
American Dream Realty
(803) 687-8022
Listed By:
Pam Clamp · License #43257
(803) 318-6759
Added: May 2
Changed: Aug 3
Last Checked: Aug 30 at 9:06AM
MLS# 633134
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 investment property at 111 Villa Court in West Columbia, SC includes multiple bedrooms and bathrooms and is supported by central heating and central air conditioning. Public water serves the property, and parking is provided with assigned spaces. The building was built in 1982 and is being sold as-is.
The property sits on a 0.18-acre lot in Lexington County. It is described as being in an area convenient to major highways, the airport, shopping, and restaurants, and it is noted as being zoned for Lexington District 1 schools.
As presented, the units are fully leased. Interested buyers should review the as-is condition and all lease terms directly.
The property sits on a 0.18-acre lot in Lexington County. It is described as being in an area convenient to major highways, the airport, shopping, and restaurants, and it is noted as being zoned for Lexington District 1 schools.
As presented, the units are fully leased. Interested buyers should review the as-is condition and all lease terms directly.
Key Highlights
- Duplex property at 111 Villa Court, West Columbia, SC
- 0.18‑acre lot
- Central heating and central air
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
$18,272
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
7.78%
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%
$365,440
$365.4K
Cap Rate 7%
$261,029
$261.0K
Cap Rate 9%
$203,022
$203.0K
Market Conditions
NOI Build-Up for 2,350 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
$27.9K $11.88/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$26.1K $11.11/SF
− OpEx
−$7.8K −$3.33/SF
NOI
$18.3K $7.78/SF
Area
Lexington County, SC
Vacancy
6.50%
Lease Rate
$11.88 /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%
$365,440
Cap Rate 7%
$261,029
Cap Rate 9%
$203,022
Alternative Uses
Best Use
Multifamily LT 5
$261.0K
$228.4K – $304.5K
NOI $18,272 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$228.4K
$199.8K – $266.4K
NOI $15,986 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$631.1K
$552.3K – $736.3K
NOI $44,180 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
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 on an assigned parking lot with central HVAC, built in 1982, and on public water.
Where is this duplex located?
The property is located at 111 Villa Court West Columbia, SC.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Duplex property at 111 Villa Court, West Columbia, SC; 0.18‑acre lot; Central heating and central air
