Fully Occupied
For Sale
$225,000
7519 Pell Street, Columbia, SC 29209
Fully occupied residential income property in Eastmont near the VA hospital, major highways, and local shops.
Property Size1,800 SF
Price / SF$125
Days on Market17
Property Features for 7519 Pell Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Amenities
Lawn: Tenant
Sewer: Tenant, Sewer: Public
Central
Heating: Tenant, Central
Listed on 2026-09-11
4 parking spaces, Carport
School District: Richland One, Elementary School: Mill Creek, High School: Lower Richland, Middle School: Hopkins
Area: Columbia - Southeast, Subdivision: EASTMONT ANNEX, County: Richland, Geo Latitude: 33.967, Geo Longitude: -80.925081
2 total units
Rent is 900, 2 bedrooms, 5 rooms, 1 full bath
2 total bathrooms, 2 full baths
Gas: Tenant, Electric: Tenant, Cable: Tenant, Trash: Tenant
Crawl
Water: Tenant, Public
Building Details
Year Built
1967
Listing Agency:
Todd Realty Partners
(803) 814-6363
Listed By:
Rochelle Hicklin
(864) 920-0303
Source:
Blackstreaminternational
Added: Sep 11
Changed: Sep 26
Last Checked: Sep 26 at 8:27AM
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 Todd Realty Partners
Investment Insights
Based on property information with market context.
Built in 1967, this duplex is fully occupied and configured as a two-unit residential income property. The asset is located at 7519 Pell Street in Columbia’s Eastmont neighborhood, within Southeast Columbia.
The property is situated near the VA hospital, major highways, and local shops, providing convenient access to area services and transportation routes. Its existing occupancy supports continued use as a rental property.
The property is situated near the VA hospital, major highways, and local shops, providing convenient access to area services and transportation routes. Its existing occupancy supports continued use as a rental property.
Key Highlights
- Fully occupied duplex
- Built in 1967
- Located in Eastmont in Southeast Columbia
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
$19,289
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
8.57%
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%
$385,780
$385.8K
Cap Rate 7%
$275,557
$275.6K
Cap Rate 9%
$214,322
$214.3K
Market Conditions
NOI Build-Up for 1,800 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
$29.2K $16.20/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$27.6K $15.31/SF
− OpEx
−$8.3K −$4.59/SF
NOI
$19.3K $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%
$385,780
Cap Rate 7%
$275,557
Cap Rate 9%
$214,322
Alternative Uses
Best Use
Multifamily LT 5
$275.6K
$241.1K – $321.5K
NOI $19,289 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$241.3K
$211.2K – $281.6K
NOI $16,893 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied residential income property in Eastmont near the VA hospital, major highways, and local shops.
Where is this duplex located?
The property is located at 7519 Pell Street Columbia, SC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully occupied duplex; Built in 1967; Located in Eastmont in Southeast Columbia
