$775,000

231 Forest Green Drive, Columbia, SC 29209

  • 2 beds |
  • 3 baths |
  • 1,296 sqft
  • Property Icon Town Home
  • Property Year Built Icon Built in 2007
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $598/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

Four-unit investment opportunity within the same established complex, with immediate cash flow and clear upside. This small multifamily portfolio consists of four separate residences generating $82,560 in current annual gross income, with room to grow as rents continue to move toward market. A 10 pct. rent increase drives NOI to approximately $53,800, resulting in a ~6.9 pct. cap rate at the current asking price — with additional upside through continued rent normalization.The asset is professionally managed with conservative underwriting assumptions: 8 pct. management, realistic vacancy, modest repairs, and assumed taxes and insurance. Operations are straightforward and predictable, making this an efficient hold without the complexity of larger multifamily or scattered-site management.This portfolio is particularly well-suited for a 1031 exchange buyer seeking a clean replacement property with dependable income, manageable scale, and a clear path to improved returns. Stable day-one performance, upside over time, and the kind of certainty exchange buyers prioritize. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

Listing Status:
Active
Date Added:
January 22, 2026
Data Last Updated:
February 15, 2026 at 4:42PM
Listing Office:
The Moore Company : 803-477-3930
Listing Agent:
Graeme Moore :
MLS ID:
625478
  • Master Bedroom: Bath-PrivateTub-ShowerCeiling FanCloset-PrivateFloors - CarpetSecond
  • Dining: AreaFloors - Carpet
  • Living Room: Floors - Carpet
  • Laundry: Closet
  • Basement: No Basement
  • A/C: Central
  • Heating: Central
  • Fireplace: Fireplaces: 0
  • General: Fiber Cement-Hardy PlankFront Porch - Covered
  • Style: Traditional
  • Parking: Parking spaces: 2
  • General: 2Slab
  • Road/Access: Paved
  • HOA Amenities: Common Area MaintenancePool221.0Monthly
  • School District: Richland One
  • County: Richland
  • Water: Public
  • Sewer: Public

This listing courtesy of Graeme Moore , The Moore Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Meadowfield Elementary School

525 Galway Ln, Columbia, SC, 29209

Grades PK-5

0.75 miles away

H

Hand Middle School

2600 Wheat St, Columbia, SC, 29205

Grades 6-8

3.76 miles away

D

Dreher High School

3319 Millwood Ave, Columbia, SC, 29205

Grades 9-12

3.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.