231 Forest Green Drive, Columbia, SC 29209

Columbia
Local realty services provided by:Better Homes and Gardens Real Estate Palmetto
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:63 day(s) ago
  • Updated:March 19, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Dining Description:Area
  • Bathrooms Description:Bath-Private, Separate Shower, Tub-Shower
  • Kitchen Description:Cabinets-Painted, Counter Tops-Solid Surfac, Dishwasher, Disposal, Microwave Above Stove, Pantry
  • Bedroom Description:Ceiling Fan, Closet-Private, Floors - Carpet, On Second Level
  • Basement Description:No Basement
  • 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.
  • Architectural Style:Traditional
  • Construction Materials:Fiber Cement-Hardy Plank
  • Levels:2 Story

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

Features and amenities

  • Laundry features:Closet

Parking

  • Total parking spaces:2
Last Updated: March 19, 2026 The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Better Homes and Gardens Real Estate Palmettonor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Copyright 2026 Carolina Multiple Listing Services, Inc.

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