Renovated Quadplex for
For Sale
Under Contract
$430,000
250 Telfair Street, Augusta, GA 30901
MULTI_FAMILY - Augusta, GA
Property Size3,451 SF
Lot Size0.20 Acres
Price / SF$124.60
Days on Market58
Property Features for 250 Telfair Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-3C
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 1
Parking features
Parking Lot, Off Street
Security features
Security Lighting
Patio and Porch features
Porch
Interior features
Wash/Dry Connect, Ceiling Fan(s), Blinds/Shades, Eat-in Kitchen
Exterior features
Mail on Site, Trash on Site, Cluster Mailboxes
Appliances
Electric Oven, Built-In Microwave, Self Cleaning Oven, Refrigerator, Range
Subdivision
Old Towne
Lot features
Level
Elementary school
Hornsby
Middle school
Hornsby WS
High school
Lucy Laney
Directions
From: 20 east to right on Washington Rd,, Washington Rd turns into 28 East-John C. Calhoun Exp, to a right onto 3rd St, to left onto Telfair St. Or use GPS for a more detailed route from your location.
Standard status
Active Under Contract
APN
0474255000
Size
3,451 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
250 TELFAIR ST
Tax Annual Amount
6313
Legal Description
250 TELFAIR ST
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Heat Pump (Heating), Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1909
Floors in Building
2
Number of units
4
Flooring type
Lvt/lvp
Building materials
Wood Siding, Wood Frame
Roof type
Composition
Listing Agency:
Dailey & Associates Certified
(770) 733-1120
Listed By:
Torreen A Cummings · License #279941
(404) 644-8417
Added: Jun 16
Changed: Aug 10
Last Checked: Aug 12 at 1:06AM
MLS# 100582174
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 renovated quadplex offers four residential units with substantial interior and major system upgrades. Each unit has been completely renovated, including new kitchens with appliances, full bathroom renovations, and new flooring. Building improvements also include updated HVAC systems, newly installed windows, and a roof replacement completed in December 2024.
The property is zoned R-3C and includes rear parking with space for one vehicle per unit. Utilities are separated, with each unit separately metered for water, gas, and electric.
The layout and upgrades make this property suitable for an owner-occupant or a buyer looking for a small, manageable rental setup. With independent utility billing and recent renovations throughout the units and building systems, prospective owners can evaluate the property with confidence in the current condition. Rear off-street parking supports tenant convenience, and the separate metering can help simplify operational management for both resident and non-resident owners.
The property is zoned R-3C and includes rear parking with space for one vehicle per unit. Utilities are separated, with each unit separately metered for water, gas, and electric.
The layout and upgrades make this property suitable for an owner-occupant or a buyer looking for a small, manageable rental setup. With independent utility billing and recent renovations throughout the units and building systems, prospective owners can evaluate the property with confidence in the current condition. Rear off-street parking supports tenant convenience, and the separate metering can help simplify operational management for both resident and non-resident owners.
Key Highlights
- Quadraplex built in 1909 with 6 bedrooms and 6 bathrooms across the units
- All units are completely renovated with new kitchens, appliances, bathroom renovations, and new flooring
- HVAC systems updated and new windows installed
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
$33,844
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
7.87%
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%
$676,880
$676.9K
Cap Rate 7%
$483,486
$483.5K
Cap Rate 9%
$376,044
$376.0K
Market Conditions
NOI Build-Up for 3,451 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
$52.6K $15.24/SF
− Vacancy
−$4.2K −$1.23/SF
EGI
$48.3K $14.01/SF
− OpEx
−$14.5K −$4.20/SF
NOI
$33.8K $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%
$676,880
Cap Rate 7%
$483,486
Cap Rate 9%
$376,044
Alternative Uses
Best Use
Multifamily LT 5
$483.5K
$423.1K – $564.1K
NOI $33,844 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$446.6K
$390.8K – $521.0K
NOI $31,261 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$1.09M
$953.1K – $1.27M
NOI $76,249 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
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?
Quadplex - Renovated quadplex with updated HVAC, windows, roof, and separate utilities for each unit.
Where is this quadplex located?
The property is located at 250 Telfair Street Augusta, GA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Quadraplex built in 1909 with 6 bedrooms and 6 bathrooms across the units; All units are completely renovated with new kitchens, appliances, bathroom renovations, and new flooring; HVAC systems updated and new windows installed
