Fully Leased Duplex with Covered
For Sale
$200,000
1722 Verdery Street, Augusta, GA 30904
Residential Income, Augusta, GA
Property Size1,272 SF
Lot Size0.14 Acres
Price / SF$157.23
Days on Market98
Property Features for 1722 Verdery Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Covered
Patio and Porch features
Porch
Interior features
2nd Kitchen
Fencing
Chain Link
Fireplace
1
Appliances
Gas Oven, Refrigerator
Subdivision
Summerville
Lot features
Corner Lot
Elementary school
Monte Sano
Middle school
Langford
High school
Richmond Academy
Directions
From Wrightsboro Rd, turn left onto Holden St. Property is on the corner of Holden St. and Verdery St.
Standard status
Active
APN
0453286000
Size
1,272 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Plat Book and Page - 4B - 221
Legal Description
Plat Book and Page - 4B - 221
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Stucco, Wood Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Jaime Powell · License #421780
(770) 366-3460
Added: May 24
Changed: Aug 28
Last Checked: Aug 29 at 5:06PM
MLS# 100576506
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 1,272-square-foot duplex sits on a 0.14-acre lot and is configured as two separate residences. The front unit includes two bedrooms, one bathroom, a living area, kitchen, gas oven, washer and dryer hookups, and two decorative fireplaces. The rear unit provides one bedroom, one bathroom, and a private entrance. Covered parking serves both units, with a rear carport and chain-link fencing. The property also features stucco and wood-frame construction, a metal roof, central air, forced-air natural gas heat, ceramic tile and laminate flooring, and a second kitchen. Built in 1931, the property is connected to public water and public sewer and is zoned R3.
Located on Verdery Street near Wrightsboro Road, the duplex is minutes from Augusta University, the medical district, downtown Augusta, and historic Summerville. Both units are leased; lease details are available through the listing agent.
Located on Verdery Street near Wrightsboro Road, the duplex is minutes from Augusta University, the medical district, downtown Augusta, and historic Summerville. Both units are leased; lease details are available through the listing agent.
Key Highlights
- Two‑unit duplex with 1,272 square feet on a 0.14‑acre lot
- Front residence includes 2 bedrooms and 1 bathroom
- Rear residence includes 1 bedroom and 1 bathroom with private entrance
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
$12,475
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
6.24%
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%
$249,500
$249.5K
Cap Rate 7%
$178,214
$178.2K
Cap Rate 9%
$138,611
$138.6K
Market Conditions
NOI Build-Up for 1,272 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
$19.4K $15.24/SF
− Vacancy
−$1.6K −$1.23/SF
EGI
$17.8K $14.01/SF
− OpEx
−$5.3K −$4.20/SF
NOI
$12.5K $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%
$249,500
Cap Rate 7%
$178,214
Cap Rate 9%
$138,611
Alternative Uses
Best Use
Multifamily LT 5
$178.2K
$155.9K – $207.9K
NOI $12,475 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,522 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$401.5K
$351.3K – $468.4K
NOI $28,105 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
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?
Duplex - Fully leased duplex with separate front and rear units, covered parking, and public water and sewer.
Where is this duplex located?
The property is located at 1722 Verdery Street Augusta, GA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,272 square feet on a 0.14‑acre lot; Front residence includes 2 bedrooms and 1 bathroom; Rear residence includes 1 bedroom and 1 bathroom with private entrance
