Renovated
For Sale
$475,000
3908 Persimmon Street, Columbia, SC 29205
Three residences offer matching two-bedroom layouts with a den and in-unit laundry rooms.
Property Size2,520 SF
Days on Market122
Property Features for 3908 Persimmon Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Triplex
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Average Monthly Rent
$1,300
Building Details
Building Size
2,520 SF
Year Built
1980
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Caroline Glenn · License #11355
(803) 603-8363
Source:
Svrealty
Added: Jun 17
Changed: Oct 15
Last Checked: Oct 15 at 2:08AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1980, this Columbia triplex contains three residences, each arranged with two bedrooms, one bathroom, a den, kitchen, and laundry room. Renovations completed one year ago included a replacement roof, three new HVAC systems, refreshed kitchens and bathrooms, new appliances, LVP flooring, and updated fixtures and lighting.
The property is located on Persimmon Street in Columbia, South Carolina. Leases for the units run to approximately May 2027.
The property is located on Persimmon Street in Columbia, South Carolina. Leases for the units run to approximately May 2027.
Key Highlights
- Three units, each with two bedrooms and one bathroom
- Each residence includes a den, kitchen, and laundry room
- Renovations completed one year ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,005
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,100
$540.1K
Cap Rate 7%
$385,786
$385.8K
Cap Rate 9%
$300,056
$300.1K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$40.8K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$38.6K $15.31/SF
− OpEx
−$11.6K −$4.59/SF
NOI
$27.0K $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%
$540,100
Cap Rate 7%
$385,786
Cap Rate 9%
$300,056
Alternative Uses
Best Use
Multifamily LT 5
$385.8K
$337.6K – $450.1K
NOI $27,005 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,651 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$620.5K
$543.0K – $724.0K
NOI $43,437 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
95
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer matching two-bedroom layouts with a den and in-unit laundry rooms.
Where is this triplex located?
The property is located at 3908 Persimmon Street Columbia, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three units, each with two bedrooms and one bathroom; Each residence includes a den, kitchen, and laundry room; Renovations completed one year ago
