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, mobile home parks, 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:17
Average Price:$452,959
Highest Listing Price:$1,200,000
Average Days On Market:60
Average Price/SqFt:$144

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Number of MLS Listings 1 - 12 of 17

Great Income Potential - 28 Lot Mobile Home Park on 23.73 Acres. Per...

Great Income Potential - 28 Lot Mobile Home Park on 23.73 Acres. Per recent appraisal, this MH Park offers an approx. CAP Rate of 10.5%. All of the lots are improved with well and septic available. There are 20 POH(Park Owned Homes) and 8 Lots rented. The POH's are a mixture of 2, 3, and 4 bedroom homes. There is one double-wide MH located on Lot 24 that has a higher rent than the other homes. There are 4 POH's that the occupants are either the owner or have some related ties to the owner.

$ 1,200,000
View details Beds - 0 Baths - 0 Sqft - 1
Package investment opportunity located on a quiet street in West Columbia,...

Package investment opportunity located on a quiet street in West Columbia, South Carolina! 3 duplexes with dedicated parking (2 spots per unit) and an additional buildable lot. The additional lot is located behind the duplexes and runs the full length of the property. Each unit has 1,200 sqft, 2 BR, 1.5 B, has a spacious family room, full kitchen, and back patio. Approx $5,400 in monthly rental/airbnb income. 2 year lease on all guaranteed by seller. Located a mile from local favorites - Savage Craft Ale Works, Cafe Strudel, Terra and convenient to I-26 and the Gervais Bridge which connects West Columbia and Downtown Columbia.

$ 950,000
View details Beds - 10 Baths - 5 Sqft - 2310
Hot MH park in desirable Gilbert, SC.? Most units month to month terms...

Hot MH park in desirable Gilbert, SC.? Most units month to month terms with much needed rent increases.? Owner is retiring.? Stable and growing area with a waiting list for tenants.? 11 units consisting of 10 double wides and 1 single wide.? 2 vacant lots with utility connections in place for additional units.? Zoned for great schools that are very close by.? 20 minutes from all Lexington amenities and Lake Murray.? Major employers even closer.? Huge upside in adding units and increasing rents! NOI is $78,960. Proforma NOI is $90,360.

$ 775,000
View details Beds - 15 Baths - 10 Sqft - 14300
Extremely well-maintained quadraplex with tons of recent updates and...

Extremely well-maintained quadraplex with tons of recent updates and upgrades is looking for a new owner/investor. Upper units have new fixtures, updated bathrooms, newly painted as well as updated countertops. Every window on the building is new. Each unit is about 1050sqft and provides 2BR/1BA, a great kitchen/dining space and living area. Units have porches and balcony making this a desirable rental! Detached carport provides space for 1 parking spot per unit, street parking also available. This highly sought after neighborhood and location is sure to attract local grad students and professionals. This amazing property is the perfect investment!

$ 695,000
View details Beds - 8 Baths - 4 Sqft - 4214
Great investment opportunity in Northeast Columbia. 13 Park Owned Mobile...

Great investment opportunity in Northeast Columbia. 13 Park Owned Mobile Homes with a total of 29 Bedrooms and 23.5 Baths. Three 3/2 units / Seven 2/2 units / Two 2/1 and One 2/1.5 unit. Annual rents of $104,100 at 100% Occupancy. Well Water and Public Sewer.

$ 675,000
View details Beds - 13 Baths - 10 Sqft - 1
Bulk Commercial property formerly MHP with 7 units remaining and 4 active...

Bulk Commercial property formerly MHP with 7 units remaining and 4 active long time residents. Property is ripe for general commercial development. Convenient to I-20, I-26,I-77 and Columbia Metro Airport. Property adjacent to 1351 Two Notch Rd. 1.6 ac (separate seller). Call Central City Realty, Inc. for additional info. 803 223-3894

$ 600,000
View details Beds - 4 Baths - 2 Sqft - 1000
This package of 7 homes, all currently rented. Listing includes 141, 143,...

This package of 7 homes, all currently rented. Listing includes 141, 143, 145, 146. 147, 148 149 Rem Court. Court. The rents are $735, $595, $575, $695, $735, $710, $595 for a total $4640 per month.

$ 535,000
View details Beds - 5 Baths - 5 Sqft - 7300
LOCATION LOCATION LOCATION!!! This 100% TURN-KEY ready quadraplex is...

LOCATION LOCATION LOCATION!!! This 100% TURN-KEY ready quadraplex is located in the beautiful neighborhood of The Avenues where you are minutes from the University of South Carolina campus, the Vista, and everything West Columbia has to offer! Three of the four units are currently rented and the fourth is vacant for showings. These units are in high demand, so it shouldn't take long for a full house. With multiple financing options available, including FHA and VA, you can stay in the fourth and have the others pay your mortgage! This is truly a unique property that will make a great addition to your portfolio. Both buildings have been updated in 2019 inside and out including the roof and HVAC systems! This is an opportunity of a lifetime so don't miss out!

$ 450,000
View details Beds - 8 Baths - 4 Sqft - 3250
INVESTMENT OPPORTUNITY!!! Great duplex in Southeast Columbia. Each unit...

INVESTMENT OPPORTUNITY!!! Great duplex in Southeast Columbia. Each unit has 2 bedrooms, 1 bathroom and spacious living room with fireplace and many upgrades! Both units currently rented and leases would transfer to the new owner. Just a few short minutes to I-77, Fort Jackson, McEntire AFB, Veterans Hospital, and a quick 20 minute drive to Downtown Columbia! LOCATION, LOCATION, LOCATION!!!

$ 340,000
View details Beds - 4 Baths - 2 Sqft - 2110
Excellent investment opportunity with fully leased Mobile Home Park....

Excellent investment opportunity with fully leased Mobile Home Park. Includes a vacant lot for another mobile.

$ 299,900
View details Beds - 10 Baths - 5 Sqft - 6412
Please Contact Amber at 8034228560 for showings ... due to tenants are not...

Please Contact Amber at 8034228560 for showings ... due to tenants are not aware of the owner selling property requiring ratified contract prior to scheduling a showing.

$ 235,000
View details Beds - 8 Baths - 4 Sqft - 2900
Beautiful Duplex located in the heart of the Earlewood community! Perfect...

Beautiful Duplex located in the heart of the Earlewood community! Perfect for long term, AirBNB or college rental! Both units are in great shape and convenient to USC, NOMA, I-26, Bull Street / Spirit Communications Park, Columbia College, and all things downtown Columbia! Both units currently rented- $845 per month for 3214 and $880 per month for 3216.

$ 219,000
View details Beds - 4 Baths - 2 Sqft - 1504

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.