Brick Quadplex with Updated
For Sale
$439,000
1504 Heard Avenue, Augusta, GA 30904
MULTI_FAMILY - Augusta, GA
Property Size3,360 SF
Lot Size0.46 Acres
Price / SF$130.65
Days on Market51
Property Features for 1504 Heard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 6, Bedroom 8, Bedroom 4, Bathroom 3, Bedroom 5
Patio and Porch features
Porch
Subdivision
Pendleton King
Elementary school
Monte Sano
Middle school
A R Johnson H.S.E.
High school
Richmond Academy
Directions
Take Wrightsboro road towards downtown Augusta. Turn right onto Heard Ave. Turn left to stay on Heard Ave. Property on your left.
Standard status
Active
APN
0572108000
Size
3,360 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1504 Heard Ave Augusta GA 30904
Tax Annual Amount
3397
Legal Description
1504 Heard Ave Augusta GA 30904
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Sherman Burnett · License #380592
(706) 466-6949
Added: Jun 16
Changed: Aug 5
Last Checked: Aug 5 at 6:06PM
MLS# 100581984
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Income-producing quadplex consisting of two brick duplexes on the same lot. The roof is less than two years old, and the interior of both properties was updated in 2023. Built in 1979, the property totals 3,360 square feet and includes porches.
The home is zoned Residential and is served by public water and public sewer. Heating is forced air with electric heating, and cooling is provided by central air.
Located at 1504 Heard Avenue in Augusta, Georgia (Richmond County), this configuration offers two separate duplex units within one lot for an income-focused buyer.
The home is zoned Residential and is served by public water and public sewer. Heating is forced air with electric heating, and cooling is provided by central air.
Located at 1504 Heard Avenue in Augusta, Georgia (Richmond County), this configuration offers two separate duplex units within one lot for an income-focused buyer.
Key Highlights
- Two brick duplexes on the same lot
- Roof less than two years old
- Interiors updated in 2023
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $15.24 |
| − Vacancy | −$4.1k | −$1.23 |
| EGI | $47.1k | $14.01 |
| − OpEx | −$14.1k | −$4.20 |
| NOI | $33.0k | $9.81 |
3,360 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.06M
$928.0K – $1.24M
NOI $74,238 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex on 0.46-acre lot features central air, porch, and updated 2023 interiors plus roof under two years old.
Where is this quadplex located?
The property is located at 1504 Heard Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two brick duplexes on the same lot; Roof less than two years old; Interiors updated in 2023
