Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 1St St Augusta, GA 30901

    View on Map
    Sponsored
    For Sale
    $389,000

    MULTI_FAMILY - Augusta, GA

    Property size:
    3,256 SF
    Lot size:
    0.27 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 27 at 1:06 am

    Property Features for 305 1St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    0474055000
    Size
    3,256 SF
    Lot size
    0.27 Acres

    Utilities

    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

    We can help!

    Listing Contact
    Betsey W Davis

    Rosco Real Estate, LLC

    Listing agent Betsey W Davis License #368693

    Listing date Mar 24, 2026

    MLS# 553632

    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.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Duplexes in Old Town

    This property features two income-producing duplexes located in the Old Town area of Augusta. Three of the four units are currently leased. The first duplex, located at 305 and 307 1st St, contains two units, each with 2 bedrooms and 1 bathroom and measuring 750 square feet. Each unit also includes washer and dryer hookups. The second duplex, located at 104 and 106 Ellis St, contains two units, each with 1 bedroom and 1 bathroom and measuring 775 square feet, also with washer and dryer hookups. An additional on-site laundry facility building is currently unused but has the potential to be converted into an additional dwelling unit or commercial space, pending buyer verification with planning and zoning authorities. The property offers convenient access to Downtown, the Medical district, and the Savannah River, with a short drive to North Augusta. It is also within walking distance of the newly approved Riverwalk expansion and Zipline project. The total property size is 3256 square feet, situated on a 0.27-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -81.950262
    Latitude
    33.468626

    Nearby Similar for Sale

    • $475,000
      8,922 SF

      Augusta Nightclub and Motel Opportunity

      Fully equipped nightclub with motel in prime Augusta location.
      127 Laney Walker Boulevard Ext, Augusta, GA 30901
      View Details
    • New
      $899,900
      Pending

      Versatile Flex-Space Building in Augusta

      6,000 SF building with office and warehouse space.
      307 Commerce Dr, Augusta, GA 30907
      View Details
    • $325,000
      Pending

      Historic Church in Augusta's Enterprise

      1949 church with redevelopment potential in Augusta's Enterprise Zone.
      725 Laney Walker Boulevard Ext, Augusta, GA 30901
      View Details
    • New
      $1,495,000
      16,848 SF

      Augusta Commercial Property on Wrightsboro

      16,848 SF building on 6.43 acres near Augusta Mall.
      3513 Wrightsboro Rd, Augusta, GA 30909
      View Details
    • $1,500,000
      8,349 SF

      Versatile Commercial Property in Augusta

      Commercial property with high visibility, ideal for various business ventures.
      3416 Mike Padgett Hwy, Augusta, GA 30906
      View Details
    • $515,000
      10,758 SF

      Augusta Church Building For Sale

      Church property in Augusta's Mid-Town, ideal for redevelopment.
      1815 Central Ave, Augusta, GA 30904
      View Details
    • $450,000
      1,080 SF

      Turn-Key Restaurant Augusta, GA

      Profitable restaurant opportunity in high-traffic Augusta location.
      1795 Martin Luther King Jr Blvd, Augusta, GA 30901
      View Details
    • $450,000
      4,328 SF

      Augusta Commercial Property For Sale

      Commercial property in Laney Walker revitalization district, excellent investment opportunity.
      1102 Laney Walker Boulevard Ext, Augusta, GA 30901
      View Details
    • New
      $195,900
      2,974 SF

      Commercial Property in Augusta, Georgia

      Leased commercial property with income potential in Augusta, GA.
      3090 Deans Bridge Rd, Augusta, GA 30906
      View Details
    • $170,000
      1,640 SF

      Commercial Property on James Brown Boulevard

      Commercial property suitable for retail or office space in Augusta.
      818 James Brown Blvd, Augusta, GA 30901
      View Details
    • $415,000
      3,160 SF

      Multi-Family Investment Property Opportunity

      Five units near downtown, medical district, and Paine College.
      1712 Central Ave, Augusta, GA 30904
      View Details
    • $1,500,000
      5,390 SF

      Augusta Retail Opportunity For Sale

      Retail property in Augusta, GA, with community business potential.
      1675 Olive Rd, Augusta, GA 30904
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four units, potential for additional dwelling, convenient location.
    Where is this quadplex located?
    The property is located at 305 1St St Augusta, GA.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - Two income-producing duplexes in Old Town Augusta.; - Three of four units are currently leased.; - Potential to convert the existing laundry facility into an additional dwelling unit or commercial space (buyer to verify).
    (706) 916-6416
    Request Owner's contact information
    305 1St St Augusta, GA 30901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    305 1St St
    Augusta, GA 30901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 1St St Augusta, GA 30901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Betsey W Davis
    Real Estate License ID: 368693
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!