Income-Producing Duplexes in Old
305 1st Street Augusta, GA 30901
For Sale
Under Contract
$349,000
MULTI_FAMILY - Augusta, GA
Property Size3,256 SF
Lot Size0.27 Acres
Price / SF$107.19
Days on Market130
Property Features for 305 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
Patio and Porch features
Porch
Standard status
Active Under Contract
APN
0474055000
Size
3,256 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
3251
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1953
Number of units
4
Building materials
Brick, Vinyl Siding
Listing Agency:
Rosco Real Estate, LLC
(706) 916-6416
Listed By:
Betsey W Davis · License #368693
(706) 916-6416
Added: Mar 23
Changed: Jul 18
Last Checked: Jul 30 at 4:06AM
MLS# 98254185
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 property features two income-producing duplexes located in the Old Town area of Augusta. The first duplex, situated at 305 and 307 1st St, contains two units, each measuring 750 square feet with 2 bedrooms and 1 bathroom, and equipped with washer/dryer hookups. The second duplex, located at 104 and 106 Ellis St, includes two units, each 775 square feet, with 1 bedroom, 1 bathroom, and washer/dryer hookups. An additional on-site laundry facility building is currently unused but offers the potential for conversion into an additional dwelling unit or commercial space, subject to buyer verification with planning and zoning authorities. The property is conveniently located with access to Downtown, the Medical district, and the Savannah River, and is a short drive from North Augusta. It is also within walking distance of the newly approved Riverwalk expansion and Zipline project. The property is situated on a 0.27-acre lot. The total building size is 3,256 square feet. This multifamily property is for sale and presents an investment opportunity.
Key Highlights
- Two income‑producing duplexes in Old Town Augusta with 3 of the 4 units currently leased
- Duplex one (305 & 307 1st St): two 750 SF units, each 2 bed/1 bath with W/D hookups
- Duplex two (104 & 106 Ellis St): two 775 SF units, each 1 bed/1 bath with W/D hookups
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 | $49.6k | $15.24 |
| − Vacancy | −$4.0k | −$1.23 |
| EGI | $45.6k | $14.01 |
| − OpEx | −$13.7k | −$4.20 |
| NOI | $31.9k | $9.81 |
3,256 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.2K
$399.2K – $532.2K
NOI $31,932 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$421.3K
$368.7K – $491.6K
NOI $29,494 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.03M
$899.3K – $1.20M
NOI $71,941 @ 7.0% cap · market cap 20.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplexes near downtown, medical district, and Savannah River.
Where is this quadplex located?
The property is located at 305 1st Street Augusta, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two income‑producing duplexes in Old Town Augusta with 3 of the 4 units currently leased; Duplex one (305 & 307 1st St): two 750 SF units, each 2 bed/1 bath with W/D hookups; Duplex two (104 & 106 Ellis St): two 775 SF units, each 1 bed/1 bath with W/D hookups
