21-Unit Apartment
New
For Sale
$1,425,000
69 Lexington #A-9, West Columbia, SC 29169
Most apartments are currently leased across the property.
Property Size13,000 SF
Price / SF$109.62
Days on Market6
Property Features for 69 Lexington #A-9
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Multi Family Home
Additional Details
Gross Income
$196,920
Multifamily Units
21
Tenant in Place
Yes
Building Details
Building Size
13,000 SF
Year Built
1960
Stories
1
Units
21
Listing Agency:
Coldwell Banker Realty
Listed By:
Bill Graham · License #11680
(803) 331-4586
Source:
Mcleodre
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 8:28AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains 21 units with a combined 36 bedrooms and 21 bathrooms. The building encompasses 13,000 square feet and dates to 1960. Twenty units are leased, providing an established residential rental operation.
Key Highlights
- 21 apartments with 36 bedrooms and 21 bathrooms
- 20 of 21 units are leased
- 13,000‑square‑foot building constructed in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,434
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,768,680
$1.8M
Cap Rate 7%
$1,263,343
$1.3M
Cap Rate 9%
$982,600
$982.6K
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$171.6K $13.20/SF
− Vacancy
−$10.8K −$0.83/SF
EGI
$160.8K $12.37/SF
− OpEx
−$72.4K −$5.57/SF
NOI
$88.4K $6.80/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,768,680
Cap Rate 7%
$1,263,343
Cap Rate 9%
$982,600
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,434 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.07M
NOI $244,400 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
509
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Most apartments are currently leased across the property.
Where is this apartment building located?
The property is located at 69 Lexington #A-9 West Columbia, SC.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 21 apartments with 36 bedrooms and 21 bathrooms; 20 of 21 units are leased; 13,000‑square‑foot building constructed in 1960
