Renovated Duplex With Park
New
For Sale
$497,000
203-205 Oliver Street, West Columbia, SC 29169
One residence is leased through July 2027, offering an owner-occupant arrangement with rental income from the second unit.
Property Size2,252 SF
Price / SF$220.69
Days on Market4
Property Features for 203-205 Oliver Street
General Information
Standard status
Active
Size
2,252 SF
Property subtype
Duplex
Amenities
0 acres, Lawn: Owner
Sewer: Tenant, Sewer: Public
Central, Split System
Heating: Tenant, Central, Split System
Listed on 2026-07-30
2 parking spaces, Off Street
School District: Lexington Two, Elementary School: Cayce Elementary, High School: Brookland-Cayce, Middle School: Busbee
Area: Cayce/West Cola/Airport/S. Conga, Subdivision: NONE, County: Lexington, Geo Latitude: 33.993433, Geo Longitude: -81.053832
2 total units
Rent is 0, 2 bedrooms, 5 rooms, 1 full bath, 1 half bath
Rent is 1750, 2 bedrooms, 5 rooms, 1 full bath, 1 half bath
2 total bathrooms, 2 full baths
Gas: Tenant, Electric: Tenant, Cable: Tenant, Trash: Owner
Crawl Space
Water: Owner, Public
Building Details
Year Built
1900
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Cornerstone Realty Partners LLC
(803) 530-3962
Listed By:
Angela Peterson
Source:
Blackstreaminternational
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 3:12AM
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 Cornerstone Realty Partners LLC
Investment Insights
Based on property information with market context.
This duplex at 203-205 Oliver Street contains two residences with spacious living rooms, open kitchens, two large upstairs bedrooms per unit, renovated full bathrooms, and newly added half bathrooms on both sides. A 2023 renovation addressed the roof, plumbing, downstairs HVAC units, exterior finishes, front porch, and interior paint. New decks overlooking Carraway Park add outdoor space to the updated property.
One unit is leased through July 2027, while the two-unit configuration allows an owner-occupant to live in the other residence. The property is within walking distance of West Columbia Riverwalk & Amphitheatre, Carraway Community Park, and restaurants including Black Rooster, Savage Craft, Terra, Another Broken Egg, and Cafe Strudel. USC and downtown Columbia are also just minutes away.
One unit is leased through July 2027, while the two-unit configuration allows an owner-occupant to live in the other residence. The property is within walking distance of West Columbia Riverwalk & Amphitheatre, Carraway Community Park, and restaurants including Black Rooster, Savage Craft, Terra, Another Broken Egg, and Cafe Strudel. USC and downtown Columbia are also just minutes away.
Key Highlights
- Duplex configuration with 2,252 square feet
- Built in 1900 and renovated in 2023
- One side leased through July 2027
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 | $26.8k | $11.88 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $25.0k | $11.11 |
| − OpEx | −$7.5k | −$3.33 |
| NOI | $17.5k | $7.78 |
2,252 SF · lease $11.88/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.1K
$218.9K – $291.8K
NOI $17,510 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$218.9K
$191.5K – $255.3K
NOI $15,320 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$604.8K
$529.2K – $705.6K
NOI $42,338 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
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 - One residence is leased through July 2027, offering an owner-occupant arrangement with rental income from the second unit.
Where is this duplex located?
The property is located at 203-205 Oliver Street West Columbia, SC.
What is the asking price?
The asking price for this property is $497,000.
What are key features of this property?
This property features: Duplex configuration with 2,252 square feet; Built in 1900 and renovated in 2023; One side leased through July 2027
