Investment Overview

Marcus and Millichap is pleased to present Woodbine Park Apartments, a well-located, value-add multifamily investment opportunity in West Columbia—a growing submarket just across the Congaree River from downtown Columbia. The property consists of 93 two-bedroom, one-bath townhome units featuring washer and dryer hookups, efficient floor plans, and spacious kitchens. Situated in Lexington County with strong visibility along Platt Springs Road, Woodbine Park benefits from excellent traffic exposure and close proximity to the vibrant State Street district, immediate access to downtown Columbia, and convenient access to nearby retail and grocery options just minutes from the property. Due to long-term ownership, current rents are approximately $220 below market levels. The average two-bedroom rent within the competitive set is approximately $1,190 per month. Given the property’s proximity to major retail amenities and Downtown Columbia, rents could be increased with modest property improvements. With more substantial interior and exterior upgrades, rents could reasonably grow over the next several years to approximately $1,200 to $1,300 per month, providing investors with a clear opportunity to increase revenue and enhance overall asset value.