Renovated
2815 Kennedy Street, Columbia, SC 29205
For Sale
$225,000
One upstairs two-bedroom unit is vacant, allowing straightforward access for showings.
Property Size1,310 SF
Price / SF$171.76
Days on Market25
Property Features for 2815 Kennedy Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
RE/MAX Executive
Listed By:
Bud Kinnie
Source:
Margaret-ann
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 8 at 1:37PM
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 RE/MAX Executive
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Investment Insights
Based on property information with market context.
This duplex contains an upstairs two-bedroom unit that is currently vacant. The property was renovated in 2021/2022 and was built in 1940, with a total reported size of 1,310 square feet.
The vacant unit was last rented for $1,250; no rent figure is included in this marketing copy.
The vacant unit was last rented for $1,250; no rent figure is included in this marketing copy.
Key Highlights
- Renovated in 2021/2022
- Upstairs two‑bedroom unit is vacant
- 1,310 square feet; built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,038
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,760
$280.8K
Cap Rate 7%
$200,543
$200.5K
Cap Rate 9%
$155,978
$156.0K
Market Conditions
NOI Build-Up for 1,310 SF
Gross rent
$21.2K $16.20/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$20.1K $15.31/SF
− OpEx
−$6.0K −$4.59/SF
NOI
$14.0K $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%
$280,760
Cap Rate 7%
$200,543
Cap Rate 9%
$155,978
Alternative Uses
Best Use
Multifamily LT 5
$200.5K
$175.5K – $234.0K
NOI $14,038 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$175.6K
$153.7K – $204.9K
NOI $12,295 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$322.6K
$282.3K – $376.3K
NOI $22,580 @ 7.0% cap · market cap 10.04%
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
412
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 - One upstairs two-bedroom unit is vacant, allowing straightforward access for showings.
Where is this duplex located?
The property is located at 2815 Kennedy Street Columbia, SC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Renovated in 2021/2022; Upstairs two‑bedroom unit is vacant; 1,310 square feet; built in 1940
