18-Unit Studio Apartment
2322 Two Notch Road, Columbia, SC 29204
For Sale
$1,600,000
Five residences are available, while the other 13 units are occupied.
Property Size8,523 SF
Price / SF$187.73
Days on Market105
Property Features for 2322 Two Notch Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Grand Palmetto Realty LLC
Listed By:
Julie Henline
Source:
Margaret-ann
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 8 at 8:46PM
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 Grand Palmetto Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,523-SF apartment property contains 18 studio units with renovated interiors. Built in 1950, the building currently has 13 occupied residences and five available units.
At 2322 Two Notch Road in Columbia, the property has access to downtown Columbia, Fort Jackson, and I-20. Shopping, dining, and public transportation are also nearby.
At 2322 Two Notch Road in Columbia, the property has access to downtown Columbia, Fort Jackson, and I-20. Shopping, dining, and public transportation are also nearby.
Key Highlights
- 18 studio apartments with renovated interiors
- 13 units occupied; 5 units available
- 8,523 SF property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,990
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,599,800
$1.6M
Cap Rate 7%
$1,142,714
$1.1M
Cap Rate 9%
$888,778
$888.8K
Market Conditions
NOI Build-Up for 8,523 SF
Gross rent
$153.4K $18.00/SF
− Vacancy
−$8.0K −$0.94/SF
EGI
$145.4K $17.06/SF
− OpEx
−$65.4K −$7.68/SF
NOI
$80.0K $9.39/SF
Area
Columbia, SC
Vacancy
5.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,599,800
Cap Rate 7%
$1,142,714
Cap Rate 9%
$888,778
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$999.9K – $1.33M
NOI $79,990 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,909 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 29204, SC
18,059
Population
8,687
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
2,822
Density / Sq Mi
$49,745
Median Household Income
$32,288
Median Earnings
$993
Median Rent
$185,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences are available, while the other 13 units are occupied.
Where is this apartment building located?
The property is located at 2322 Two Notch Road Columbia, SC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 18 studio apartments with renovated interiors; 13 units occupied; 5 units available; 8,523 SF property
