Three-Bedroom
For Sale
$220,000
Pending
2921 Taylor Rd, Cayce, SC 29033
Fully occupied two-unit property with month-to-month tenancy and approved multifamily expansion potential.
Property Size1,400 SF
Days on Market110
Property Features for 2921 Taylor Rd
General Information
Standard status
Pending
Size
1,400 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(803) 999-6690
Listed By:
JT Livingston · License #64648
Source:
Exprealty
Added: May 13
Changed: Aug 30
Last Checked: Aug 30 at 7:02AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex contains two residential units totaling 1,400 square feet, with each side offering three bedrooms and one full bathroom. Both units are occupied, and the existing tenants are on month-to-month leases, allowing the current arrangement to continue under flexible lease terms.
The property is located at 2921 Taylor Rd in Cayce, South Carolina, near shopping, dining, major highways, and downtown Columbia. The City of Cayce has approved the lot for up to 5,000 square feet of multifamily construction, creating the potential for a triplex or quadplex configuration in addition to the existing duplex improvements.
The property is located at 2921 Taylor Rd in Cayce, South Carolina, near shopping, dining, major highways, and downtown Columbia. The City of Cayce has approved the lot for up to 5,000 square feet of multifamily construction, creating the potential for a triplex or quadplex configuration in addition to the existing duplex improvements.
Key Highlights
- Two‑unit duplex totaling 1,400 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
- Both units are occupied by tenants on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,886
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,720
$217.7K
Cap Rate 7%
$155,514
$155.5K
Cap Rate 9%
$120,956
$121.0K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$16.6K $11.88/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$15.6K $11.11/SF
− OpEx
−$4.7K −$3.33/SF
NOI
$10.9K $7.78/SF
Area
Lexington County, SC
Vacancy
6.50%
Lease Rate
$11.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,720
Cap Rate 7%
$155,514
Cap Rate 9%
$120,956
Alternative Uses
Best Use
Multifamily LT 5
$155.5K
$136.1K – $181.4K
NOI $10,886 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$136.1K
$119.1K – $158.7K
NOI $9,524 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$376.0K
$329.0K – $438.7K
NOI $26,320 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 29033, SC
12,575
Population
6,873
Households
1.8
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
1,258
Density / Sq Mi
$57,524
Median Household Income
$37,629
Median Earnings
$1,342
Median Rent
$156,400
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 - Fully occupied two-unit property with month-to-month tenancy and approved multifamily expansion potential.
Where is this duplex located?
The property is located at 2921 Taylor Rd Cayce, SC.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,400 square feet; Each unit includes 3 bedrooms and 1 full bathroom; Both units are occupied by tenants on month‑to‑month leases
