Four-Unit Residential
New
For Sale
$485,000
1212-1218 Woodrow St, Columbia, SC 29205
Two duplex buildings share a drive and parking area on Woodrow Street.
Property Size2,400 SF
Price / SF$202.08
Days on Market3
Property Features for 1212-1218 Woodrow St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Zoning
RM-2
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$44,280
Road Access
Yes
Building Details
Building Size
2,400 SF
Buildings
2
Units
4
Listing Agency:
Wilson Kibler
Listed By:
William Gregg · License #96568
(803) 779-8600
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 7 at 5:06AM
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 Wilson Kibler
Investment Insights
Based on property information with market context.
This residential income property at 1212-1218 Woodrow St comprises two duplex buildings arranged around a common drive and parking area. The property contains four units, with each offering 1 bedroom and 1 bath. Individual units measure approximately 600 square feet, for approximately 2,400 square feet across the buildings.
The property is zoned RM-2, which allows up to 17 dwelling units per acre. The rear portion may support an additional residential structure, subject to verification of zoning, site conditions, access, parking, permitting, and other development requirements. Located in Columbia, South Carolina, the asset provides a defined four-unit configuration with shared on-site circulation and parking.
The property is zoned RM-2, which allows up to 17 dwelling units per acre. The rear portion may support an additional residential structure, subject to verification of zoning, site conditions, access, parking, permitting, and other development requirements. Located in Columbia, South Carolina, the asset provides a defined four-unit configuration with shared on-site circulation and parking.
Key Highlights
- Four residential units across two duplex buildings
- Each unit includes 1 bedroom and 1 bath
- Approximately 600 square feet per unit
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
$25,719
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
5.30%
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%
$514,380
$514.4K
Cap Rate 7%
$367,414
$367.4K
Cap Rate 9%
$285,767
$285.8K
Market Conditions
NOI Build-Up for 2,400 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
$38.9K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$36.7K $15.31/SF
− OpEx
−$11.0K −$4.59/SF
NOI
$25.7K $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%
$514,380
Cap Rate 7%
$367,414
Cap Rate 9%
$285,767
Alternative Uses
Best Use
Multifamily LT 5
$367.4K
$321.5K – $428.7K
NOI $25,719 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.4K
NOI $22,524 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$591.0K
$517.1K – $689.5K
NOI $41,368 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,023
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?
Quadplex - Two duplex buildings share a drive and parking area on Woodrow Street.
Where is this quadplex located?
The property is located at 1212-1218 Woodrow St Columbia, SC.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Four residential units across two duplex buildings; Each unit includes 1 bedroom and 1 bath; Approximately 600 square feet per unit
