Three-Unit Multifamily
For Sale
$325,000
4017 Ensor Avenue, Columbia, SC 29023
MULTI-FAMILY, Columbia, SC
Property Size1,791 SF
Lot Size0.21 Acres
Price / SF$181.46
Days on Market94
Property Features for 4017 Ensor Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking
8
Elementary school
Hyatt Park
Middle school
Gibbes
High school
Eau Claire
Elementary school district
Richland One
Middle school district
Richland One
High school district
Richland One
Directions
Attach separate page if necessary. (300 char max)
Subdivision
City of Columbia, Denny terrace, Lake Elizabeth
Standard status
Active
Size
1,791 SF
Lot size
0.21 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Listing Agency:
Keller Williams Realty
(803) 772-5858
Listed By:
JT Livingston · License #64648
(803) 999-6690
Added: Jun 18
Changed: Sep 12
Last Checked: Sep 19 at 6:06PM
MLS# 636721
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 three-unit multifamily property includes a duplex and a separate 2-bedroom, 1-bath apartment positioned above a detached garage. The property contains 1791 square feet on 0.21 acres, with central heating, central air, and public water service. Built in 1950, the asset is fully occupied with established tenants in place. Separately metered units support clear utility allocation among the residences.
Located at 4017 Ensor Avenue in Columbia, South Carolina, the property offers an existing residential rental configuration with three occupied units. The detached garage apartment adds a distinct component to the layout, while the duplex provides the primary two-unit structure.
Located at 4017 Ensor Avenue in Columbia, South Carolina, the property offers an existing residential rental configuration with three occupied units. The detached garage apartment adds a distinct component to the layout, while the duplex provides the primary two-unit structure.
Key Highlights
- Three rental units: a duplex plus a 2‑bedroom, 1‑bath apartment above a detached garage
- Fully occupied with established tenants in place
- Separately metered units
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
$19,193
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
5.91%
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%
$383,860
$383.9K
Cap Rate 7%
$274,186
$274.2K
Cap Rate 9%
$213,256
$213.3K
Market Conditions
NOI Build-Up for 1,791 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
$29.0K $16.20/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$27.4K $15.31/SF
− OpEx
−$8.2K −$4.59/SF
NOI
$19.2K $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%
$383,860
Cap Rate 7%
$274,186
Cap Rate 9%
$213,256
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$240.1K
$210.1K – $280.2K
NOI $16,809 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$441.0K
$385.9K – $514.5K
NOI $30,871 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied rental property with separately metered units and a detached garage apartment.
Where is this triplex located?
The property is located at 4017 Ensor Avenue Columbia, SC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three rental units: a duplex plus a 2‑bedroom, 1‑bath apartment above a detached garage; Fully occupied with established tenants in place; Separately metered units
