West Columbia Multifamily Investment
766-768 Augusta St West Columbia, SC 29169
766-768 Augusta St, West Columbia, SC, 29169
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For Sale
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Eleven-unit multifamily property with value-add potential in West Columbia.
Property Size9,600 SF
Price / SF$145.83
Days on Market57
Property Features for 766-768 Augusta St
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Multifamily
Listing Agency
Wilson Kibler
Listed by
Brooks Owings · License #SC
Source
Crexi
Added: May 22 Checked: Jul 17 at 4:16 am
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 Wilson Kibler
Investment Insights
Based on property information with market context.
This property, located at 766 Augusta Street in West Columbia, SC, presents a value-add investment opportunity through strategic renovations and repositioning to market-rate rents. The property comprises 11 units situated across 5 buildings on a single parcel. The unit mix includes three triplexes and one duplex, featuring nine 2-bedroom/1-bath units and two 1-bedroom/1-bath units, along with one storage/warehouse building. Surface parking is available adjacent to the buildings. Water and trash removal are included in the tenant rent. The location is attractive to renters, with walkable access to shopping, dining, and parks. The property is within walking distance of the State Street hospitality district and West Columbia Riverwalk Park and Amphitheater. Downtown Columbia and the Vista hospitality district are easily accessible, approximately a 2-mile drive directly across the river. The location provides convenient access to highways, major thoroughfares, and downtown Columbia, offering easy access to local and regional employers. The immediate area exhibits attractive market rental demand, with 72% of households within a 1-mile radius being renter occupied. The property size is 9600 square feet.
Key Highlights
- Value‑add opportunity through strategic renovations and repositioning to market‑rate rents.
- Excellent location within walking distance of the State Street hospitality district and West Columbia Riverwalk Park and Amphitheater.
- Attractive market rental demand with 72% of households within a 1‑mile radius being renter occupied.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.7k | $13.20 |
| − Vacancy | −$8.0k | −$0.83 |
| EGI | $118.7k | $12.37 |
| − OpEx | −$53.4k | −$5.57 |
| NOI | $65.3k | $6.80 |
9,600 SF · lease $13.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$932.9K
$816.3K – $1.09M
NOI $65,305 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,480 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Eleven-unit multifamily property with value-add potential in West Columbia.
Where is this apartment building located?
The property is located at 766-768 Augusta St West Columbia, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Value‑add opportunity through strategic renovations and repositioning to market‑rate rents.; **Excellent location within walking distance of the State Street hospitality district and West Columbia Riverwalk Park and Amphitheater.**; Attractive market rental demand with 72% of households within a 1‑mile radius being renter occupied.
