Updated 2-Unit
2603 Kiawah Avenue, Columbia, SC 29205
For Sale
$423,000
Each residence combines original interior details with an updated kitchen and access to an enclosed laundry room.
Property Size1,599 SF
Price / SF$264.54
Days on Market224
Property Features for 2603 Kiawah Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
enclosed laundry room
fully fenced backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Kathey Hennessy
Source:
Margaret-ann
Added: Mar 31
Changed: Nov 8
Last Checked: Nov 8 at 2:50PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1945, this duplex contains two 1-bedroom, 1-bathroom residences within 1,599 square feet. Original hardwood flooring, antique tile and doorway transoms retain period details, while both kitchens have been updated. An enclosed laundry room, fully fenced backyard and a roof described as six years old add to the property’s features. The home occupies a corner lot and has no HOA.
Five Points and USC are within a five-minute drive. Downtown professional offices can be reached without using interstates.
Five Points and USC are within a five-minute drive. Downtown professional offices can be reached without using interstates.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units
- 1,599 square feet in a building constructed in 1945
- Updated kitchens alongside original hardwood floors, antique tile and doorway transoms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,135
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,700
$342.7K
Cap Rate 7%
$244,786
$244.8K
Cap Rate 9%
$190,389
$190.4K
Market Conditions
NOI Build-Up for 1,599 SF
Gross rent
$25.9K $16.20/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$24.5K $15.31/SF
− OpEx
−$7.3K −$4.59/SF
NOI
$17.1K $10.72/SF
Area
Columbia, SC
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,700
Cap Rate 7%
$244,786
Cap Rate 9%
$190,389
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.6K
NOI $17,135 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$214.4K
$187.6K – $250.1K
NOI $15,007 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$393.7K
$344.5K – $459.4K
NOI $27,562 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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Business Placement
Demographics for 29205, SC
23,586
Population
12,792
Households
1.8
Avg Household Size
34
Median Age
66%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
3,629
Density / Sq Mi
$62,197
Median Household Income
$41,660
Median Earnings
$1,100
Median Rent
$335,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Columbia, SC
Properties on Market for Duplexes in Columbia
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence combines original interior details with an updated kitchen and access to an enclosed laundry room.
Where is this duplex located?
The property is located at 2603 Kiawah Avenue Columbia, SC.
What is the asking price?
The asking price for this property is $423,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units; 1,599 square feet in a building constructed in 1945; Updated kitchens alongside original hardwood floors, antique tile and doorway transoms
