Columbia Multifamily Investment
1401 Elmtree Rd, Columbia, SC 29209
16-unit apartment complex near Columbia University, fully occupied.
Property size:
16,200 SFLot size:
0.43 AcresPrice / SF:
$114/SF- Added:
- Oct 17, 2025
- Days on Market:
- 225
- 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 agent Jeff Forman
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
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.
- Fully occupied units providing immediate cash flow.
- Renovated units enhancing rental appeal.
- Managed by a reputable local management company.
Overview
This multi-family investment property features 16 units in Columbia, SC, comprising 8 three-bedroom, two-bath units and 8 two-bedroom, two-bath units. The property is fully occupied and managed by a local management company. Situated on a 0.43-acre lot adjacent to Columbia University, the location provides convenience and accessibility for tenants. The apartment complex features renovated units, enhancing rental appeal and tenant satisfaction. The property offers the potential for increased rental income.
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 |
16,200 SF · lease $18.00/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $152,040 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $279,236 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -80.938915
- Latitude
- 33.974503
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit apartment complex near Columbia University, fully occupied.
Where is this apartment building located?
The property is located at 1401 Elmtree Rd Columbia, SC.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: 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.
