Five-Unit Apartment
For Sale
$415,000
1712 Central Avenue, Augusta, GA 30904
Commercial Sale, Augusta, GA
Property Size3,160 SF
Lot Size0.24 Acres
Price / SF$131.33
Days on Market373
Property Features for 1712 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 2
Fireplace
1
Subdivision
Not In Subdivision
Lot features
Level, Corner Lot
Directions
Take Central Avenue to the corner of Central and Holden Street.
Standard status
Active
APN
0453181000
Size
3,160 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1923/47
Tax Annual Amount
2844
Legal Description
1923/47
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1926
Number of units
5
Building materials
Stucco
Roof type
Metal
Listing Agency:
Auben Realty, LLC
Listed By:
Wayne Snyder · License #391710
(614) 284-2962
Added: Aug 16, 2025
Changed: Aug 20
Last Checked: Aug 23 at 5:06PM
MLS# 98205414
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 apartment property contains 5 units distributed among 3 buildings on a 0.24-acre corner lot. The improvements total 3,160 square feet and feature stucco construction, metal roofing, natural-gas heating, window and wall-unit cooling, and a fireplace. Built in 1926, the property is served by public water and public sewer and carries R zoning.
Three units are occupied, while two are vacant. One vacant unit is described as rent ready, and the other requires some work before being positioned for occupancy. The property is located near downtown Augusta, the medical district, and Paine College, with an address on Central Avenue.
Three units are occupied, while two are vacant. One vacant unit is described as rent ready, and the other requires some work before being positioned for occupancy. The property is located near downtown Augusta, the medical district, and Paine College, with an address on Central Avenue.
Key Highlights
- 5 units across 3 buildings on a corner lot
- 3,160 square feet on 0.24 acres
- 3 units occupied and 2 units vacant
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
$28,625
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
6.90%
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%
$572,500
$572.5K
Cap Rate 7%
$408,929
$408.9K
Cap Rate 9%
$318,056
$318.1K
Market Conditions
NOI Build-Up for 3,160 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
$56.9K $18.00/SF
− Vacancy
−$4.8K −$1.53/SF
EGI
$52.0K $16.47/SF
− OpEx
−$23.4K −$7.41/SF
NOI
$28.6K $9.06/SF
Area
Augusta, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$572,500
Cap Rate 7%
$408,929
Cap Rate 9%
$318,056
Alternative Uses
Best Use
Apartment 5plus
$408.9K
$357.8K – $477.1K
NOI $28,625 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.4K
$872.8K – $1.16M
NOI $69,820 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
60%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,415
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?
Apartment building - Three separate buildings offer stucco exteriors, metal roofs, and public water and sewer service.
Where is this apartment building located?
The property is located at 1712 Central Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 5 units across 3 buildings on a corner lot; 3,160 square feet on 0.24 acres; 3 units occupied and 2 units vacant
