Updated Four-Unit Multifamily
774 Shull St West Columbia, SC 29169
774 Shull St, West Columbia, SC, 29169
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For Sale
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Four renovated units include two 2BR/1BA and two 1BR/1BA, with in-unit washer and dryer in downstairs units.
Property Size4,000 SF
Price / SF$120
Days on Market64
Property Features for 774 Shull St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multifamily
Listing agency
Wilson Kibler
(803) 255-8642
Listed by
Brooks Owings · License #SC
Source
Crexi
Added: May 19 Updated: Jul 21 at 6:13AM Checked: Jul 21 at 6:13AM
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.
774 Shull Street is an updated four-unit multifamily property featuring two 2BR/1BA units and two 1BR/1BA units. The downstairs units include washer and dryers, and the building has operated with a hybrid mix of long-term leased units and short-term rental units. For underwriting purposes, the provided pro forma presents all four units as traditional long-term rentals, offering flexibility for an owner to continue the current approach, simplify operations with longer-term leasing, or adjust strategy over time.
The property is within walking distance of the State Street hospitality district and the West Columbia Riverwalk Park and Amphitheater. It also provides easy access to the Vista hospitality district and downtown Columbia, which is described as a 2-mile drive directly across the river. Proximity to highways and major thoroughfares supports access to local and regional employers, and the immediate area shows attractive rental demand, with 72% of households within a 1-mile radius being renter occupied.
The property is within walking distance of the State Street hospitality district and the West Columbia Riverwalk Park and Amphitheater. It also provides easy access to the Vista hospitality district and downtown Columbia, which is described as a 2-mile drive directly across the river. Proximity to highways and major thoroughfares supports access to local and regional employers, and the immediate area shows attractive rental demand, with 72% of households within a 1-mile radius being renter occupied.
Key Highlights
- Updated four‑unit multifamily at 774 Shull Street in West Columbia, SC
- Unit mix: two 2BR/1BA units and two 1BR/1BA units
- Downstairs units include in‑unit washer and dryer
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 | $52.8k | $13.20 |
| − Vacancy | −$3.3k | −$0.83 |
| EGI | $49.5k | $12.37 |
| − OpEx | −$22.3k | −$5.57 |
| NOI | $27.2k | $6.80 |
4,000 SF · lease $13.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,210 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$940.0K – $1.25M
NOI $75,200 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Four renovated units include two 2BR/1BA and two 1BR/1BA, with in-unit washer and dryer in downstairs units.
Where is this short term rental property located?
The property is located at 774 Shull St West Columbia, SC.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Updated four‑unit multifamily at 774 Shull Street in West Columbia, SC; Unit mix: two 2BR/1BA units and two 1BR/1BA units; Downstairs units include in‑unit washer and dryer
