Quadplex with Assigned
624 S Waccamaw Avenue, Columbia, SC 29208
For Sale
$525,000
MULTI-FAMILY, Columbia, SC
Property Size1,479 SF
Price / SF$354.97
Days on Market52
Property Features for 624 S Waccamaw Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Bollin Ligon Walker Realtors
(803) 256-6287
Listed By:
Laine Ligon Jr · License SC #17642
(803) 744-4210
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 14 at 1:06AM
MLS# 643827
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.
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Investment Insights
Based on property information with market context.
This 1,479-square-foot quadplex was built in 1940. Its room inventory includes eight bedrooms and four bathrooms. The property has central heating and central air conditioning, along with assigned parking and public water service.
Located at 624 S Waccamaw Avenue in Columbia, the property is in Richland County.
Located at 624 S Waccamaw Avenue in Columbia, the property is in Richland County.
Key Highlights
- Four‑unit residential property
- 1,479 square feet; built in 1940
- Room inventory lists 8 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,849
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,980
$317.0K
Cap Rate 7%
$226,414
$226.4K
Cap Rate 9%
$176,100
$176.1K
Market Conditions
NOI Build-Up for 1,479 SF
Gross rent
$24.0K $16.20/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$22.6K $15.31/SF
− OpEx
−$6.8K −$4.59/SF
NOI
$15.8K $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%
$316,980
Cap Rate 7%
$226,414
Cap Rate 9%
$176,100
Alternative Uses
Best Use
Multifamily LT 5
$226.4K
$198.1K – $264.2K
NOI $15,849 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$198.3K
$173.5K – $231.4K
NOI $13,881 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$364.2K
$318.7K – $424.9K
NOI $25,493 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
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Business Placement
Demographics for 29208, SC
2,330
Population
10
Households
233
Avg Household Size
16
Median Age
13%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
23,300
Density / Sq Mi
$4,281
Median Earnings
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Central heating and air conditioning serve the property, which also has public water service.
Where is this quadplex located?
The property is located at 624 S Waccamaw Avenue Columbia, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit residential property; 1,479 square feet; built in 1940; Room inventory lists 8 bedrooms and 4 bathrooms
