Recently Renovated
For Sale
$469,000
321 Kilbourne Road, Columbia, SC 29205
Renovated duplex offers a 3BR unit and a 2BR unit with off-street parking, carport, and outside storage.
Property Size2,392 SF
Price / SF$196.07
Days on Market24
Property Features for 321 Kilbourne Road
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
off-street parking
carport for one side
outside storage
0 acres, Lot Size: 111.9 X 89.7 X 110 x 89.3, Lawn: Owner
Sewer: Owner, Sewer: Public
Central
Heating: Tenant, Central
Listed on 2026-07-20
4 parking spaces, Off Street
School District: Richland One, Elementary School: Rosewood, High School: Dreher, Middle School: Hand, Elementary School Choice: Yes, Middle School Choice: Yes, High School Choice: Yes
Area: Columbia - South, Subdivision: SHANDON, County: Richland, Geo Latitude: 33.992449, Geo Longitude: -80.988244
2 total units
Rent is 1870, 3 bedrooms, 6 rooms, 2 full baths
Rent is 1275, 2 bedrooms, 4 rooms, 1 full bath
3 total bathrooms, 3 full baths
Gas: Tenant, Electric: Tenant, Cable: Tenant, Trash: Owner
Crawl Space
Water: Owner, Public
Building Details
Year Built
1965
Listing Agency:
RE/MAX Home Team Realty LLC
(803) 764-3243
Listed By:
Steve Joye
Source:
Blackstreaminternational
Added: Jul 20
Changed: Aug 12
Last Checked: Aug 12 at 6:59AM
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 Home Team Realty LLC
Investment Insights
Based on property information with market context.
This recently renovated duplex includes two separate units: one with three bedrooms and one with two bedrooms. Hardwoods are listed throughout the main living areas. Parking is available off-street, with a carport for one side, and outside storage is also noted.
The property is located in Columbia’s Shandon neighborhood, described as close to USC, the Medical School, shopping, and entertainment.
As presented for sale, the duplex’s configuration supports two independent residential spaces under one ownership structure, with the included parking and storage options serving both units.
The property is located in Columbia’s Shandon neighborhood, described as close to USC, the Medical School, shopping, and entertainment.
As presented for sale, the duplex’s configuration supports two independent residential spaces under one ownership structure, with the included parking and storage options serving both units.
Key Highlights
- Renovated duplex built in 1965 with a 3BR unit and a 2BR unit
- Hardwoods throughout main living areas
- Off‑street parking plus a carport for one side
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
$25,633
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
5.47%
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%
$512,660
$512.7K
Cap Rate 7%
$366,186
$366.2K
Cap Rate 9%
$284,811
$284.8K
Market Conditions
NOI Build-Up for 2,392 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
$38.8K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$36.6K $15.31/SF
− OpEx
−$11.0K −$4.59/SF
NOI
$25.6K $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 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%
$512,660
Cap Rate 7%
$366,186
Cap Rate 9%
$284,811
Alternative Uses
Best Use
Multifamily LT 5
$366.2K
$320.4K – $427.2K
NOI $25,633 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$320.7K
$280.6K – $374.2K
NOI $22,449 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$589.0K
$515.4K – $687.2K
NOI $41,230 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
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
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 - Renovated duplex offers a 3BR unit and a 2BR unit with off-street parking, carport, and outside storage.
Where is this duplex located?
The property is located at 321 Kilbourne Road Columbia, SC.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Renovated duplex built in 1965 with a 3BR unit and a 2BR unit; Hardwoods throughout main living areas; Off‑street parking plus a carport for one side
