Renovated Triplex with Separate
For Sale
$569,000
3132 Lakewood Avenue, Columbia, SC 29201
MULTI_FAMILY - Columbia, SC
Property Size2,943 SF
Price / SF$193.34
Days on Market83
Property Features for 3132 Lakewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4
Parking
3
Parking features
Off Street, Assigned
Subdivision
EARLEWOOD
Elementary school
Logan
Middle school
St Andrews
High school
Columbia
Elementary school district
Richland One
Middle school district
Richland One
High school district
Richland One
Directions
GPS 3132 Lakewood
Standard status
Active
Size
2,943 SF
Utilities
Heating system
Central
Cooling system
Wall Unit(s), Central Air, Multi Units
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Listing Agency:
RE/MAX Home Team Realty LLC · RE/MAX International
(803) 764-3243
Listed By:
J Parker Smith
(803) 764-3243
Added: May 10
Changed: Jul 29
Last Checked: Jul 31 at 8:06AM
MLS# 633766
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated triplex is producing $4,680 per month in gross rent with all three units occupied. The two upper units each feature 2 bedrooms and 1 bathroom. The ground-floor unit offers 1 bedroom and 1 bathroom and has its own separate entrance, and it comes fully furnished.
Inside, the upper units include fully renovated kitchens with white shaker cabinets, granite countertops, and stainless Whirlpool appliances, along with high-gloss marble tile in the kitchen areas. Living spaces feature refinished original hardwood floors, while bedrooms include LVP flooring and ceiling fans. Custom black pipe closet systems are installed, and every unit includes its own washer and dryer.
The property is located at 3132 Lakewood Avenue in Historic Earlewood, on a tree-lined street with a clean curb presence. Earlewood is described as an established intown neighborhood, with mature oaks, real sidewalks, and proximity noted as about a 7-minute drive to downtown Columbia, USC, and the Vista.
Inside, the upper units include fully renovated kitchens with white shaker cabinets, granite countertops, and stainless Whirlpool appliances, along with high-gloss marble tile in the kitchen areas. Living spaces feature refinished original hardwood floors, while bedrooms include LVP flooring and ceiling fans. Custom black pipe closet systems are installed, and every unit includes its own washer and dryer.
The property is located at 3132 Lakewood Avenue in Historic Earlewood, on a tree-lined street with a clean curb presence. Earlewood is described as an established intown neighborhood, with mature oaks, real sidewalks, and proximity noted as about a 7-minute drive to downtown Columbia, USC, and the Vista.
Key Highlights
- $4,680/month gross rent with all three units currently occupied (triplex)
- Unit mix: two upper 2BD/1BA units and a ground‑floor 1BD/1BA unit
- Each unit has its own washer and dryer
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 | $47.7k | $16.20 |
| − Vacancy | −$2.6k | −$0.89 |
| EGI | $45.1k | $15.31 |
| − OpEx | −$13.5k | −$4.59 |
| NOI | $31.5k | $10.72 |
2,943 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,538 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$394.6K
$345.3K – $460.4K
NOI $27,621 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 29201, SC
25,259
Population
12,619
Households
2
Avg Household Size
25
Median Age
56%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
2,196
Density / Sq Mi
$34,327
Median Household Income
$14,671
Median Earnings
$1,207
Median Rent
$238,200
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?
Triplex - Fully renovated triplex with all three units occupied, including a ground-floor unit with a separate entrance.
Where is this triplex located?
The property is located at 3132 Lakewood Avenue Columbia, SC.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: $4,680/month gross rent with all three units currently occupied (triplex); Unit mix: two upper 2BD/1BA units and a ground‑floor 1BD/1BA unit; Each unit has its own washer and dryer
