Quadplex with Assigned
For Sale
$525,000
624 S Waccamaw Avenue, Columbia, SC 29208
MULTI-FAMILY, Columbia, SC
Property Size1,479 SF
Price / SF$354.97
Days on Market13
Property Features for 624 S Waccamaw Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 4
Parking
8
Parking features
Assigned
Subdivision
ROSEWOOD
Elementary school
A.C. Moore
Middle school
Hand
High school
Dreher
Elementary school district
Richland One
Middle school district
Richland One
High school district
Richland One
Directions
Rosewood Drive to S Waccamaw, corner of S Waccamaw and Holt.
Standard status
Active
Size
1,479 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
4
Listing Agency:
Bollin Ligon Walker Realtors
(803) 256-6287
Listed By:
Laine Ligon Jr · License #17642
(803) 744-4210
Added: Sep 24
Changed: Oct 2
Last Checked: Oct 6 at 11:06PM
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.
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
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
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
Questions? Ask Rey
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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
