231 Forest Green Drive, Columbia, SC 29209

Local realty services provided by:Better Homes and Gardens Real Estate Medley
231 Forest Green Drive,Columbia, SC 29209
$775,000
  • 2 Beds
  • 3 Baths
  • 1,296 sq. ft.
  • Townhouse
  • Active
Listed by: graeme moore
Office: the moore company
MLS#:625478
Source:SC_CML

Price summary

  • Price:$775,000
  • Price per sq. ft.:$597.99
  • Monthly HOA dues:$221

About this home

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

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Home facts

  • Year built:2007
  • Listing ID #:625478
  • Added:1 day(s) ago
  • Updated:January 22, 2026 at 08:58 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Living area:1,296 sq. ft.

Heating and cooling

  • Cooling:Central
  • Heating:Central

Structure and exterior

  • Year built:2007
  • Building area:1,296 sq. ft.

Schools

  • High school:Dreher
  • Middle school:Hand
  • Elementary school:Meadowfield

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$597.99
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