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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

Commercial PropertiesListings

MLS Listings Data

Total Listings:44
Average Price:$480,250
Highest Listing Price:$2,650,000
Average Days On Market:99
Average Price/SqFt:$0
Multifamily Columbia SC For Sale currently has fourty-four (44) for sale on MLS. Multifamily Columbia SC For Sale listings have an average sales price of $480,250 ranging in price from $75,000 to $2,650,000. The average sq ft home size of Multifamily Columbia SC For Sale Cayce SC is 28,062,040 square feet. The largest property for sale is 1,234,567,890 sqft and smallest 1 sqft. View property listings for sale by price, street, subdivision, age, property type, location, features, size, and listing date, and time on MLS with an of 99 days on the market.

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Number of MLS Listings 1 - 12 of 44

Londonderry Square is a unique property that consists of 20 individually deeded properties with their own tax map numbers with Lexington County. There are a total of 10 buildings, each with 2 units. Each unit has an identical floor plan with 2 bedrooms, 1.5 bathrooms, laundry room, and deck for a total of 883 square feet. The buildings are constructed with vinyl siding, vinyl windows, crawl space, and central HVAC. Residents pay for individually metered water, sewer, electric and cable. Owners are responsible for exterior maintenance which is currently $600 twice a month. This is less during winter months. There are no other monthly expenses, or HOA's, in regards to maintaining this community, but an HOA can be established. Trash is collected via the City of Cayce which is included in the property taxes. Each home has their own trash and recycling can. Total property taxes across 20 units is $14,860.10/year. POTENTIAL gross rent can be +$22,000/mo @ $1100/unit. Seller will not separate properties.
View details Beds - Baths - 5 Sqft - 17660
Attention investors! This is an this is an apartment complex on just under a half acre lot with ample parking. The location is close to the Veterans Hospital, I-77, and Fort Jackson. There are 2 buildings with 16 total rentals. Each building has 8 apartments – 4 on the first floor and 4 on the second floor. There are a combination of 3 br/2 ba and 2 br/2 ba units. They are under new management that will be working to increase the rental income to current market rates. Many of the units have been recently updated. At this time, we do not have complete rental history due the new ownership and new management, but the listing agent believes that the updated 2 BR units should be in the 850-950/mo range and the 3 BR units should rent for approximately 1200-1300/mo range.
View details Beds - Baths - 10 Sqft - 16200
This is a package sale of 901 Reid St Unit A&B, Newberry, SC and 203 Musgrove St, Clinton, SC. There are a total of 7 units with 18 bedrooms. Newberry property consists of 2 duplexes with a total of 12 bedrooms. There is a current lease with Newberry College for these to be used as student housing. Owner pays utilities. Clinton, SC consists of 3 townhomes. Each townhome is 2 bedroom 2.5 baths. Currently, 2 of the 3 are leased.Owner makes no guarantees, but 100% occupancy may be achieved before closing. No showings without a ratified contract.
View details Beds - Baths - 18 Sqft - 9000
This 1.5 ace property is a rare find with multiple units and sources of potential income. 4-Plex building with LED sign multiple units currently rented great for small business, 3, one bedroom apartments all currently rented, Doublewide mobile home currently rented, camper currently rented and a warehouse that is currently rented. The potential is almost limitless located on HWY6/South Lake Dr with great road exposure just minutes from Walmart, Tractor Supply, Publix and multiple other businesse
View details Beds - Baths - 6 Sqft - 8720
Gorgeous luxury duplex brick dwelling with ample yard space for endless appeal! Inside there is an open floor plan with pre-finished hardwoods throughout. With soaring ceilings, ceiling fans, and lighting, your space awaits! So many options for you to create and entertain in the kitchen and beyond! There is a generous-sized great room with a gas fireplace for cooler nights! Upstairs there are 3 large bedrooms and 3 baths complete with tile, fixtures, lighting, and vanities! There is also a half bath downstairs! Lots of space to plan for! The possibilities are without end! Consider living where your property works for you! Yes, you can dwell on one side while renting the other side in whatever capacity you choose! There are no HOA fees! This is a must-see with so much of a crisp and clean aesthetic in place! This is the chance to produce an income stream within weeks! With close proximity to USC, Midlands Tech, and Ft. Jackson, what an awesome AIRBNB opportunity! Schedule your viewing today!
View details Beds - Baths - 6 Sqft - 3526
Welcome to a sought after duplex located at 1617/1619 Heyward St! Fantastic investment opportunity just steps away from USC campus, offering enticing value-add prospects. This duplex features 3 bedrooms and 1 full bath on each side, presenting an ideal setup for investor buyers. Inquire about the seller's upgrade sheet detailing recent renovations. Currently, the property is rented to USC students at $900 per bedroom, totaling $5400 in monthly rent. What sets this investment apart is the rare inclusion of an onsite parking lot, providing the potential for additional rental income. Consider leasing parking spots to off-campus living students who seek convenient parking within walking distance to class. Situated in the highly sought-after downtown university neighborhood, this property allows easy access to campus and Five Points. Surrounded by some of Columbia's finest homes, it presents a unique investment opportunity. Act quickly to secure your spot at the APPOINTMENT ONLY open house for viewings this Thursday, 1/25/24, from 12-2 pm. Call or email now to reserve your designated 15 minute time slot for a closer look at this promising investment property!
View details Beds - Baths - 2 Sqft - 2856
Fully leased for the upcoming USC school year for $6,000/month! This duplex is in the perfect spot for students - close to campus, dining, and entertainment. Each unit has been updated and is well maintained by the tenants and owner. The units feature updated bathrooms, new fixtures, new ductwork, refinished hardwoods, new granite counter tops, freshly painted cabinets, new appliances, and more (see associated documents for the complete list). The bedrooms are spacious and the living spaces are big enough where roommates don't feel crammed. The units feature off street parking, as well as parking in the back which is an added bonus.
View details Beds - Baths - 4 Sqft - 3187
Mobile home park for sale on Platt Springs road. Excellent location in this fast growing area of Lexington. Currently has 15 homes on site and rented. It sits on +/- 4.02 acres of land zoned for Lexington 1 Schools. It is conveniently located close to shopping, restaurants, schools and only 5 short miles to Interstate 20. Don't miss this great investment opportunity.
View details Beds - Baths - 8 Sqft - 1
Very unique property for sale. Addresses are 117-131 Simmons Road and 1355 Two Notch Road. Estimated at about 3.3 acres, this property hosts 6 residential units. The entire property is fully fenced with chain link. On this compound, you will find House 1, the main house. Built in 1960, it has a lot of character and original hardwoods. Set up as a 2 bedroom, but could be easily converted into a 3 bedroom 2 bath. House 2 is a duplex. Side A is 3 bedroom 1 bath, side B is 1 bed/1bath. Both units have tenants. House 3 is a duplex. Side A has 3 bedrooms 1 bath, and has a tenant. Side B is 1 bed/1bath and is being used as storage. House 4 (address is actually 1355 Two Notch Rd) is a 2 bedroom, 2 bathroom unit with a tenant. Walk past house 3 and 4 and you will see a half acre lot #34 with well and septic that originally hosted 2 mobile homes. Joining this package is lot 32 with 2 mobile homes. Both have 2 bedroom, 2 bathrooms, and have current tenants. Being sold as is, tenants can stay or go.
View details Beds - Baths - 7 Sqft - 1234567890
Fully leased Quadraplex in historic Downtown Columbia location. Total rents of $52,800/yr ($4,400/mo). Each of the four units is 1BR/1BA. Recent updates include: New roof, exterior paint, HVAC/ductwork, refinished hardwoods, cabinets, countertops, fixtures, and more. Property has already received Bailey Bill certification meaning huge property tax savings on this turnkey rental opportunity.
View details Beds - Baths - 4 Sqft - 2779
It is recommended any potential buyer who has not been in the property to view the property prior to submitting an offer. 8 fully leased apartments with current rents of $5,490 per month/$65,880 per year. Each unit is 2 bedrooms and 1 bath with a total of 16 bedrooms and 8 full baths. Excellent long term opportunity to grow rents to a higher level with improvements. Currently the average rent is only $343/bedroom on a per bedroom basis so there is room for rent improvement. Could be a good property for section 8 program. Some renovations have just been completed in the last year including all new windows, doors in each apartment, exterior painting, and some of the units have new LVP flooring and more, 5 of the units could still use new paint, flooring, bath and kitchen improvements. Projected rents of at least $795 per apartment upon completion of improvements is expected. Located across from Pinehurst Park this is an excellent price for two quadraplexes being sold together at this price. Properties will not be separated. Call Bill Graham 803-331-4586 for more information. Rent roll and other info available. Includes two TMS#'S:Richland County 11514-14-01 & 11514-14-02.
View details Beds - Baths - 5 Sqft - 5154
Incredible investment opportunity: This highly visible, well situated property off Edmund Highway includes: 1. A one acre corner parcel, 3384 square foot single family home with basement and car port at the corner of Edmund Highway and Norman Drive that could be rented out or converted to a duplex or triplex. Parcel includes a commercial sized garage that's roughly 33'x26' and a ready-to-finish small commercial building, approximately 1000 square feet, on Edmund Highway. 2. Adjacent one acre mobile home park (Parcel number 00720-03-005) that currently has 4 (four) rented mobile homes and one empty, ready-for-home pad. All mobile homes are rented month to month under market with tenant paying for utilities and maintenance, and can be brought up to market rates at short notice. All mobile homes are served by a well located on 113 Norman Drive. Parcels are zoned for intensive development. Purchaser should verify zoning and uses. Large well and water tank is located on the single family parcel and services the single family residence and all mobile homes. All vehicles and storage containers will be removed from the property before closing, leaving lots of open space.
View details Beds - Baths - 8 Sqft - 6730

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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