1401 Elmtree Rd Columbia, SC 29209
16-unit apartment complex near Columbia University, fully occupied.
- Added:
- Oct 17, 2025
- Days on Market:
- 271
- Last Refresh:
- May 27 at 4:48 am
Property Features for 1401 Elmtree Rd
General Information
- Standard status
- Active
- Size
- 16,200 SF
- Lot size
- 0.43 Acres
Listing office Keller Williams The Forturro Group
Listing date Oct 17, 2025
Source Exprealty
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 Keller Williams The Forturro Group
Investment Insights
Based on property information with market context.
Key Highlights
- 16‑unit multi‑family investment property in Columbia, SC.
- Prime location adjacent to Columbia University.
- Attractive mix of 8 spacious 3‑bedroom, 2‑bath units and 8 comfortable 2‑bedroom, 2‑bath units.
Local Financial Insights For Apartment 5plus
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 | $291.6k | $18.00 |
| − Vacancy | −$15.2k | −$0.94 |
| EGI | $276.4k | $17.06 |
| − OpEx | −$124.4k | −$7.68 |
| NOI | $152.0k | $9.39 |
