Multifamily Property for Sale in Columbia, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Columbia, SC 29205

Description

Marcus & Millichap is pleased to present 517 Deerwood, a fully occupied seven-unit multifamily property located in Columbia, South Carolina. Just three miles from the University of South Carolina, the property offers a balanced mix of unit types, including two- and three-bedroom layouts. The unit mix includes newly constructed 2-bedroom, 2.5-bath townhomes completed in early 2024, along with a selection of 2BD | 1BA, 3BD | 1BA, and 3BD | 2BA units. In-place rents range from $1,025 to $1,750, and the asset benefits from a strong rental history with current 100 percent occupancy. Investment Highlights: • 7 Rental Units – 100 percent Occupied • Excellent Condition – Includes three newly constructed townhomes (2024), each 2BD | 2.5BA • Prime Location – Just a five-minute drive to Downtown Columbia and the University of South Carolina

Market Context

This multifamily in Columbia, SC is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Columbia, SC — <a href="/search/sale/multifamily/south-carolina/columbia">view the full market</a>.

As of Q4 2019, the Columbia multifamily market showed a 5.0% vacancy rate, and rents up 7.8% year over year. Source: Cushman & Wakefield Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Columbia multifamily market tightening or softening?
Vacancy is around 5.0%, with asking rents rising year over year (Q4 2019).

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