West Columbia Multifamily Investment
For Sale
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766-768 Augusta St, West Columbia, SC 29169
Eleven-unit multifamily property with value-add potential in West Columbia.
Property Size9,600 SF
Price / SF$145.83
Days on Market147
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Property Features for 766-768 Augusta St
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Multifamily
Investment Type
Value Add
Building Details
Buildings
5
Units
11
Listing Agency:
Wilson Kibler
Listed By:
Brooks Owings · License #SC
(803) 255-8642
Source:
Crexi
Added: May 22
Changed: Oct 6
Last Checked: Oct 14 at 8:34PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,305
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,100
$1.3M
Cap Rate 7%
$932,929
$932.9K
Cap Rate 9%
$725,611
$725.6K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$126.7K $13.20/SF
− Vacancy
−$8.0K −$0.83/SF
EGI
$118.7K $12.37/SF
− OpEx
−$53.4K −$5.57/SF
NOI
$65.3K $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%
$1,306,100
Cap Rate 7%
$932,929
Cap Rate 9%
$725,611
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,233
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
Check the figures for this property
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?
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.
