Columbia SC multi-family Real Estate for sale. Investment multifamily portfolio properties for sale in Columbia SC. Income-producing real estate for investors looking in and around Columbia South Carolina. Apartment complexes for sale Columbia SC and multi-unit communities & buildings. Below are all the multi-unit, multi-family properties for sale in the Midlands of South Carolina, including Duplex, Triplex, quadplex, entire buildings & more. Including entire apartments in and around the Columbia area: St Andrews, Lexington, Northeast, Downtown, and surrounding areas. 

OTHER SC MARKETS: GREENVILLECHARLESTONMYRTLE BEACH

MLS Listings Data

Total Listings:
26
Average Price:
$443,327
Highest Listing Price:
$2,400,000
Average Days On Market:
20
Average Price/Sqft:
$90

What's YOUR Home Worth?

Number of MLS Listings 1 - 12 of 26

12 Unit Multi-family investment property on Rosewood Drive in Downtown...

12 Unit Multi-family investment property on Rosewood Drive in Downtown Columbia, SC. New construction with 3 bedrooms and 3.5 baths in each unit. Very suitable floorplan to suit multiple tenants with a one car garage for additional storage or parking. Very close to USC, Williams-Brice Stadium, Downtown, Fort Jackson, and all Columbia Interstates. Works well for professionals, students, or anyone seeking low maintenance living within walking distance of shopping and USC with only a very short commute to Downtown Main Street. More importantly, located across the street from Rosewood Dairy Bar! 5 units are existing. 7 more pad ready and included in the asking price. *****High demand area for short term rentals (AirBnB) to drastically increase monthly income.******

$ 2,400,000
View details Beds - 15 Baths - 15 Sqft - 18000
This is a portfolio of 30 Rental Properties totaling 63 bedrooms. Current...

This is a portfolio of 30 Rental Properties totaling 63 bedrooms. Current gross rents of $24,010 per month or $288,120 per year at 100% occupancy. Twenty eight of the 30 units have either had renovations or full renovations completed within the last 5 years.

$ 2,389,500
View details Beds - 5 Baths - 2 Sqft - 25000
This is a stately Two Story Brick Quadraplex with Gross Monthly Remts pf...

This is a stately Two Story Brick Quadraplex with Gross Monthly Remts pf $5,900.00 per month/$70,800 per year. Renovations just completed with new roof, 4 new HVAC Units re-wired, all new appliances, refinished hardwood floors, paint, all new kitchens and new baths, out back patio/entertainment area and fully furnished. This is a very exceptional property in a great location close to 5 Points and USC campus. 2 Leases start 8-1-20 for a Total of $3000/month and Expire 7-24-21. 2 Leases Start 7-1-20 for a Total of $2,900/month and Expire 6-24-21.

View details Beds - 8 Baths - 4 Sqft - 3673
15 Brick Apartments With Gross Rents of $8,760 Per Month or $99,210 Per...

15 Brick Apartments With Gross Rents of $8,760 Per Month or $99,210 Per Year at 100% occupancy. 28 Total Bedrooms. Tenants Pay Water and Sewer, Sales Includes 6 Duplexes And 1 Triplex. 13 Two BR/1BA Units And 2 One BR/1 BA Units. All New Roofs And Exterior Painting Completed July 2019. Ideal Value Add Long Term Investment. Rents Average only $313 Per Bedroom. And approximately $60 per sq. ft.

View details Beds - 9 Baths - 5 Sqft - 11600
RARE opportunity in SHANDON to own a beautifully updated HOME/DUPLEX! ...

RARE opportunity in SHANDON to own a beautifully updated HOME/DUPLEX! Owner’s Suite is 3,033 SF which includes: Formal living room w/coal burning FP; formal dining room; Chef’s kitchen with stainless steel appliances, gas stove, granite counters and butler’s pantry and beautiful wood cabinets; Den w/gas FP, wet bar and 2 sky lights provides lots of natural light to the warm setting; a bedroom w/private bath(currently used as an office) and laundry room completes the main level. Upstairs includes 2 bedrooms and 2 baths plus a Flex Room – one bedroom is the owner’s suite with a separate living room, private bath and a wonderful private porch! You will love the spacious closets and lots of storage space! Behind the home, is a 3 car detached Garage w/extra storage or would be a great workshop. 411 Maple is 1,444 SF w/living room w/FP, dining room, Galley kitchen and a full bath completes the main level; upstairs includes 2 bedrooms and 1 full bath PLUS a FLEX Room and again lots of closets and storage space. Unit is leased through April 30, 2021.

View details Beds - 6 Baths - 5 Sqft - 4477
ATTENTION INVESTORS! Mobile Home Park with 18 MH, one single family home...

ATTENTION INVESTORS! Mobile Home Park with 18 MH, one single family home (3 BR, 2 BA, 1,400sf), block building with 2BR, 1 BA & shop and one additional MH pad. Currently making over $11,000 monthly!! PUBLIC water/sewer and all utilities are metered separately and paid by tenants. Insides of MHs have recently been renovated, and they're in great shape. Lots of NEW HVAC systems and appliances. This MH Park has an onsite maintenance man who rents the SF Home. The block building (currently office) could be rented as well, either residential or commercial. All homes are rented and immediately have a new tenant when someone moves out!! MHs have central HVAC, additional window units and washers & dryers. Appraisal, P&L and rent roll on file.

View details Beds - 6 Baths - 4 Sqft - 16000
This sale includes two (2) brick duplexes next door to each other....

This sale includes two (2) brick duplexes next door to each other. Includes 510 A&B and 512 A&B S. Beltline Blvd. 100% leased with total rents of $3,491 per month or $41,892 per year. These townhouse style duplexes were custom built in 1999 by Harry Gindman and are extremely attractive & well designed. Rents currently average only $436 per bedroom!

View details Beds - 8 Baths - 8 Sqft - 4416
GREAT investment opportunity or convert to your dream Heathwood home. This...

GREAT investment opportunity or convert to your dream Heathwood home. This 1925 built home on Devine Street is mostly brick 2 story with 3 units that currently produce almost $2400/month rent. Home could be renovated back to a SFR for the right owner that could then include 5 bedrooms and 3 full baths. Minutes to downtown Columbia, USC, USC medical school and Whole Foods shopping district. Walking distance to Drehr HS and St Joseph's Catholic Church. Unit 1 has 3/2 while Unit 2 is a studio 1/1 apartment and Unit 3 upstairs has 2/1. Keep as an investment property or live in one of the units and rent out the other two. Agents are asked to use antibacterial wipes and masks when previewing.

View details Beds - 7 Baths - 4 Sqft - 2753
This Quadraplex is the sound of opportunty for a great investment...

This Quadraplex is the sound of opportunty for a great investment knocking! Spacious master bedroom with private bathroom. Charming built in book cases, dishwasher, range stove and refrigerator in each unit. Lower units have access to back lawn area. Conveniently located near the village of sandhills, and other convenient shopping, dining and just minutes away from I-20. **THE SQUARE FOOTAGE IS APPROXIMATE (+/-) AND SHOULD BE VERIFIED BY PURCHASER IF SQUARE FOOTAGE IS IMPORTANT TO PURCHASER.

View details Beds - 8 Baths - 8 Sqft - 3824
This Quadraplex is the sound of opportunty for a great investment...

This Quadraplex is the sound of opportunty for a great investment knocking! Spacious master bedroom with private bathroom. Charming built in book cases, dishwasher, range stove and refrigerator in each unit. Lower units have access to back lawn area. Conveniently located near the village of sandhills, and other convenient shopping, dining and just minutes away from I-20. **THE SQUARE FOOTAGE IS APPROXIMATE (+/-) AND SHOULD BE VERIFIED BY PURCHASER IF SQUARE FOOTAGE IS IMPORTANT TO PURCHASER.

View details Beds - 8 Baths - 8 Sqft - 3824
Location, location, location! Duplex in the heart of Shandon! Perfect for...

Location, location, location! Duplex in the heart of Shandon! Perfect for investors or owner occupants.

View details Beds - 4 Baths - 3 Sqft - 1670
1402 Victoria has a lease ending on 6/30/2021 and 1404 Victoria has a...

1402 Victoria has a lease ending on 6/30/2021 and 1404 Victoria has a lease ending on 9/30/2020. 36 hours notice required for showings. Please use Showing Time to schedule. Buyer to verify square footage and schools.

View details Beds - 2 Baths - 2 Sqft - 1560

Buying Multifamily

Pros of investing in apartment buildings

More income faster

Multifamily properties have multiple rental units that produce more cash flow at a faster rate than a single rental unit. Rather than having to buy several single-family rentals over time, you can make more cash flow with the purchase of just one building.

Vacancy

With a multi-unit investment like an apartment building, there are multiple rental units that can be used to offset a loss in rents from vacancy. If 20% of the units are vacant, 80% are still producing income which allows you to cover costs like debt service, property taxes, or other related property expenses.

Economy of scale

The economy of scale is spreading fixed costs over an increased number of units. Property expenses and holding costs relating to an apartment building are typically far less than a portfolio of single-family rental properties because there are multiple units under one roof.

Property taxes, insurance, and management fees are generally fixed and the cost to replace the roof of a single-family home or a small apartment building that has six units under one roof is relatively the same. As the number of rental units increases, income is increased while reducing your cost, making it more cost-effective than multiple single-family rentals.

Cons of investing in apartment buildings

Affordability

The largest downside to investing in apartment buildings is affordability. Multifamily properties can be expensive and require more upfront capital to get started. Investors should expect to have around 20% of the purchase price. There are opportunities to raise capital using multiple resources. This is by far the largest barrier and is often why people invest in single-family properties first.

Management

Managing an apartment building can fall under both pro and con, similar to managing a single-family rental. On one side, you’re managing all of the tenants in one location, typically under one roof. You don’t have to drive all over town. However, there are more tenants and units to maintain and manage, meaning more responsibility, organization, and in general more potential problems. A good and robust management software can help considerably for a well-organized system. 

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