Duplex with Heat
For Sale
$285,000
114 Kilbourne Road, Columbia, SC 29205
MULTI_FAMILY - Columbia, SC
Property Size1,505 SF
Price / SF$189.37
Days on Market136
Property Features for 114 Kilbourne Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2
Parking
4
Parking features
Off Street
Subdivision
SHANDON
Elementary school
Rosewood
Middle school
Hand
High school
Dreher
Elementary school district
Richland One
Middle school district
Richland One
High school district
Richland One
Directions
From rosewood. turn onto Kilbourne Unit is on the right on the corner on Monroe
Standard status
Active
Size
1,505 SF
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Listing Agency:
JPAR Magnolia Group
(803) 251-9855
Listed By:
Sandy Frye
(803) 360-2926
Added: Mar 18
Changed: Jul 30
Last Checked: Jul 31 at 9:06PM
MLS# 629417
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 at 114 Kilbourne Road offers a straightforward two-unit setup with heat pump heating and cooling. The home was built in 1950 and provides a total of four bedrooms and two bathrooms across both units, with public water service available. Off-street parking is provided.
Major improvements were completed in 2019, including a new roof, new HVAC system, new water heaters, and updates to interior finishes such as new flooring and refinished original flooring. The property also includes updated tile tub surrounds and refinished cast iron tubs. For the 3800 Monroe unit, additional work includes a complete plumbing repipe, a full electrical rewire, and new exterior entry doors.
Both units are currently leased. The location is described as being in the Shandon/Rosewood corridor, just minutes from USC, Devine St, Five Points, and Downtown Columbia.
Major improvements were completed in 2019, including a new roof, new HVAC system, new water heaters, and updates to interior finishes such as new flooring and refinished original flooring. The property also includes updated tile tub surrounds and refinished cast iron tubs. For the 3800 Monroe unit, additional work includes a complete plumbing repipe, a full electrical rewire, and new exterior entry doors.
Both units are currently leased. The location is described as being in the Shandon/Rosewood corridor, just minutes from USC, Devine St, Five Points, and Downtown Columbia.
Key Highlights
- Two‑unit duplex with heat pump heating and heat pump cooling
- Major improvements completed in 2019: new roof, new HVAC, and new water heaters
- 3800 Monroe unit: complete plumbing repipe, full electrical rewire, and new exterior entry doors
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 | $24.4k | $16.20 |
| − Vacancy | −$1.3k | −$0.89 |
| EGI | $23.0k | $15.31 |
| − OpEx | −$6.9k | −$4.59 |
| NOI | $16.1k | $10.72 |
1,505 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.4K
$201.6K – $268.8K
NOI $16,128 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$201.8K
$176.6K – $235.4K
NOI $14,125 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$370.6K
$324.3K – $432.4K
NOI $25,941 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 29205, SC
23,586
Population
12,792
Households
1.8
Avg Household Size
34
Median Age
66%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
3,629
Density / Sq Mi
$62,197
Median Household Income
$41,660
Median Earnings
$1,100
Median Rent
$335,200
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 - Two-unit building with heat pump HVAC and off-street parking in the Shandon/Rosewood corridor.
Where is this duplex located?
The property is located at 114 Kilbourne Road Columbia, SC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with heat pump heating and heat pump cooling; Major improvements completed in 2019: new roof, new HVAC, and new water heaters; 3800 Monroe unit: complete plumbing repipe, full electrical rewire, and new exterior entry doors
