16-Unit Apartment
1401 Elmtree Rd, Columbia, SC 29209
For Sale
New
$1,590,000
Two- and three-bedroom residences each include two full bathrooms.
Property Size17,104 SF
Lot Size1.03 Acres
Days on Market2
Property Features for 1401 Elmtree Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Cap Rate
Multifamily Units
Amenities
Desirable Unit Mix: Sixteen spacious two- and three-bedroom units, each featuring two full bathrooms.
Established Multifamily Asset: Two buildings constructed in 1987, totaling 17,104 rentable square feet on approximately 1.03 acres, within a 15-minute drive of downtown Columbia.
Convenient Location: Access to major employment centers, including the VA Hospital and Pineview Industrial Park, along with retail amenities such as Food Lion, Walmart, Target, and Whole Foods Market.
Nearby Recreation: Located approximately two miles from Southeast Park, a 64-acre destination offering walking trails, tennis and pickleball courts, disc golf, and fishing.
Reduced Operating Expenses: Each unit is individually metered for water, lowering operating costs during ownership.
Major Infrastructure Investment: $50 million project to widen 4.5 miles of Leesburg Road, from Garners Ferry Road to Lower Richland Boulevard, including improvements to six intersections.
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Columbia Office
Listed By:
Drew Babcock, CCIM
(803) 678-4921
Source:
Marcusmillichap
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:44PM
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 Columbia Office
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Investment Insights
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This Columbia apartment property comprises 16 units across two buildings on approximately 1.03 acres. Built in 1987, it offers a mix of two- and three-bedroom floor plans, with two full bathrooms in each residence.
Retail and dining options, along with employment centers, are accessible near the property, including Whole Foods Market, Walmart and Target. Southeast Park, a 64-acre recreation area with walking trails, tennis and pickleball courts, disc golf and fishing, is approximately two miles away.
Retail and dining options, along with employment centers, are accessible near the property, including Whole Foods Market, Walmart and Target. Southeast Park, a 64-acre recreation area with walking trails, tennis and pickleball courts, disc golf and fishing, is approximately two miles away.
Key Highlights
- 16 apartment units across two buildings
- Approximately 1.03 acres in Columbia, South Carolina
- Built in 1987
Property Analytics
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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Business Placement
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
Median Home Value
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two- and three-bedroom residences each include two full bathrooms.
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 $1,590,000.
What are key features of this property?
This property features: 16 apartment units across two buildings; Approximately 1.03 acres in Columbia, South Carolina; Built in 1987
