Triplex with Renovated
805 Central Drive, West Columbia, SC 29169
For Sale
$310,000
The three-unit property combines a duplex and a detached single-family house, with off-street parking.
Property Size1,675 SF
Price / SF$185.07
Days on Market158
Property Features for 805 Central Drive
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Reedy Property Group LLC
Listed By:
Jessica Hinson
Source:
Margaret-ann
Added: Jun 5
Changed: Nov 8
Last Checked: Nov 8 at 8:50AM
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 Reedy Property Group LLC
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Investment Insights
Based on property information with market context.
This 1,675-square-foot triplex comprises a duplex and a separate single-family house. One unit has been completely renovated, and the property includes off-street parking.
At 805 Central Drive in West Columbia, the property is in the Lexington Two School District, with shopping, dining, and major highways accessible nearby.
At 805 Central Drive in West Columbia, the property is in the Lexington Two School District, with shopping, dining, and major highways accessible nearby.
Key Highlights
- Three units across a duplex and a separate single‑family house
- One unit has been completely renovated
- 1,675 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,024
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,480
$260.5K
Cap Rate 7%
$186,057
$186.1K
Cap Rate 9%
$144,711
$144.7K
Market Conditions
NOI Build-Up for 1,675 SF
Gross rent
$19.9K $11.88/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$18.6K $11.11/SF
− OpEx
−$5.6K −$3.33/SF
NOI
$13.0K $7.78/SF
Area
Lexington County, SC
Vacancy
6.50%
Lease Rate
$11.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,480
Cap Rate 7%
$186,057
Cap Rate 9%
$144,711
Alternative Uses
Best Use
Multifamily LT 5
$186.1K
$162.8K – $217.1K
NOI $13,024 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$162.8K
$142.4K – $189.9K
NOI $11,394 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$449.9K
$393.6K – $524.8K
NOI $31,490 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
455
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
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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?
Triplex - The three-unit property combines a duplex and a detached single-family house, with off-street parking.
Where is this triplex located?
The property is located at 805 Central Drive West Columbia, SC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three units across a duplex and a separate single‑family house; One unit has been completely renovated; 1,675 SF total property size
