Three-Unit Triplex
For Sale
$333,000
1526 Stovall Street, Augusta, GA 30904
Residential Income, Augusta, GA
Property Size2,805 SF
Lot Size0.17 Acres
Price / SF$118.72
Days on Market95
Property Features for 1526 Stovall Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1C
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Wash/Dry Connect, Pantry, Blinds/Shades, Eat-in Kitchen
Fireplace
1
Appliances
Washer, Refrigerator, Range, Dryer, Dishwasher
Subdivision
Monte Sano
Elementary school
Monte Sano
Middle school
Tutt
High school
Richmond Academy
Directions
From I-520: Take the Wrightsboro Road exit toward Augusta University/Medical District. Continue toward Walton Way, then turn right onto Stovall Street. Home on the left.
Standard status
Active
APN
0443227000
Size
2,805 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 15, Block 37, 5B2208 MONTE SANO ADDITION
Legal Description
Lot 15, Block 37, 5B2208 MONTE SANO ADDITION
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Multi Units, Central Air
Amenities
in-unit laundry
side porch
Building Details
Year built
1929
Floors in Building
2
Number of units
3
Flooring type
Carpet, Wood, Tile
Building materials
Stucco, Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Fathom Realty GA
(866) 455-6040
Listed By:
Tracy Gonzalez · License #278379
(919) 909-3289
Added: May 28
Changed: Aug 29
Last Checked: Aug 30 at 4:06AM
MLS# 100577114
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.
This triplex property contains 2,805 square feet across three residences. The front home measures 1,661 square feet and includes three bedrooms, two bathrooms, high ceilings, living and dining rooms, a large kitchen, side porch, and two off-street parking spaces. It is currently vacant. A stacked duplex at the rear provides two additional 572-square-foot units, each with one bedroom, one full bathroom, in-unit laundry, and dedicated off-street parking.
The property is located on Stovall Street in Augusta, near Augusta University, Augusta Tech, the Medical District, Fort Gordon, and I-520. The site covers 0.17 acres and is zoned R-1C. Electricity is separately metered for the units, while water is supplied through a shared meter. Additional features include wood and tile flooring, central air, heat pumps, porches, and a shingle roof. The building dates to 1929.
The property is located on Stovall Street in Augusta, near Augusta University, Augusta Tech, the Medical District, Fort Gordon, and I-520. The site covers 0.17 acres and is zoned R-1C. Electricity is separately metered for the units, while water is supplied through a shared meter. Additional features include wood and tile flooring, central air, heat pumps, porches, and a shingle roof. The building dates to 1929.
Key Highlights
- Three‑unit configuration with 2,805 square feet across a front home and rear stacked duplex
- Front residence measures 1,661 square feet with 3 bedrooms, 2 bathrooms, and 2 off‑street parking spaces
- Two rear units each contain 572 square feet, 1 bedroom, 1 full bathroom, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,180
$550.2K
Cap Rate 7%
$392,986
$393.0K
Cap Rate 9%
$305,656
$305.7K
Market Conditions
NOI Build-Up for 2,805 SF
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.
Gross rent
$42.7K $15.24/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$39.3K $14.01/SF
− OpEx
−$11.8K −$4.20/SF
NOI
$27.5K $9.81/SF
Area
Augusta, GA
Vacancy
8.07%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,180
Cap Rate 7%
$392,986
Cap Rate 9%
$305,656
Alternative Uses
Best Use
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,509 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,409 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$885.4K
$774.7K – $1.03M
NOI $61,976 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
959
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences combine a vacant front home with a rear duplex and off-street parking.
Where is this triplex located?
The property is located at 1526 Stovall Street Augusta, GA.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: Three‑unit configuration with 2,805 square feet across a front home and rear stacked duplex; Front residence measures 1,661 square feet with 3 bedrooms, 2 bathrooms, and 2 off‑street parking spaces; Two rear units each contain 572 square feet, 1 bedroom, 1 full bathroom, and in‑unit laundry
