Updated 2-Unit
For Sale
$260,000
504 Wall St, West Columbia, SC 29169
Each residence offers two bedrooms and one-and-a-half bathrooms, with separate living spaces.
Property Size1,256 SF
Price / SF$207.01
Days on Market29
Property Features for 504 Wall St
General Information
Standard status
Active
Size
1,256 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
eXp Realty LLC
Listed By:
Jacob Hopper · License #106160
(803) 924-9645
Source:
Exprealty
Added: Sep 16
Changed: Oct 13
Last Checked: Oct 13 at 12:57AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with two bedrooms and one-and-a-half bathrooms. Both units have been updated, and the property has an established rent roll.
The West Columbia property is less than 15 minutes from Downtown Columbia and the University of South Carolina. Shopping, dining, entertainment, and major interstates are also accessible from the area.
The West Columbia property is less than 15 minutes from Downtown Columbia and the University of South Carolina. Shopping, dining, entertainment, and major interstates are also accessible from the area.
Key Highlights
- Two separate residential units
- Each unit has 2 bedrooms and 1.5 bathrooms
- Both residences have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,766
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,320
$195.3K
Cap Rate 7%
$139,514
$139.5K
Cap Rate 9%
$108,511
$108.5K
Market Conditions
NOI Build-Up for 1,256 SF
Gross rent
$14.9K $11.88/SF
− Vacancy
−$970 −$0.77/SF
EGI
$14.0K $11.11/SF
− OpEx
−$4.2K −$3.33/SF
NOI
$9.8K $7.78/SF
Area
Lexington County, SC
Vacancy
6.50%
Lease Rate
$11.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,320
Cap Rate 7%
$139,514
Cap Rate 9%
$108,511
Alternative Uses
Best Use
Multifamily LT 5
$139.5K
$122.1K – $162.8K
NOI $9,766 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$122.1K
$106.8K – $142.4K
NOI $8,544 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$337.3K
$295.2K – $393.6K
NOI $23,613 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one-and-a-half bathrooms, with separate living spaces.
Where is this duplex located?
The property is located at 504 Wall St West Columbia, SC.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two separate residential units; Each unit has 2 bedrooms and 1.5 bathrooms; Both residences have been updated
