Duplex with Occupied
3850/3851 Capers Avenue, Columbia, SC 29205
For Sale
New
$220,000
One side is occupied, while the other requires handyman work.
Property Size2,024 SF
Days on Market6
Property Features for 3850/3851 Capers Avenue
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Home Advantage Realty
Listed By:
Jennifer Kemp
(803) 771-2424
Source:
Svrealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 12:48PM
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 Home Advantage Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this Columbia duplex has two sides with differing occupancy and condition. Side B is occupied, and lease and rent records are available. Side A requires handyman work.
Key Highlights
- Duplex built in 1950
- Side B is occupied
- Side A requires handyman work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,996
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,920
$379.9K
Cap Rate 7%
$271,371
$271.4K
Cap Rate 9%
$211,067
$211.1K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$36.4K $18.00/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$34.5K $17.06/SF
− OpEx
−$15.5K −$7.68/SF
NOI
$19.0K $9.39/SF
Area
Columbia, SC
Vacancy
5.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,920
Cap Rate 7%
$271,371
Cap Rate 9%
$211,067
Alternative Uses
Best Use
Multifamily LT 5
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$271.4K
$237.5K – $316.6K
NOI $18,996 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$498.4K
$436.1K – $581.5K
NOI $34,887 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
372
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 side is occupied, while the other requires handyman work.
Where is this duplex located?
The property is located at 3850/3851 Capers Avenue Columbia, 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: Duplex built in 1950; Side B is occupied; Side A requires handyman work
