940 Heard Avenue, Augusta, GA 30904
MULTI_FAMILY - Augusta, GA
- Added:
- Apr 2, 2026
- Days on Market:
- 98
- Last Refresh:
- Jul 8 at 6:06 am
Property Features for 940 Heard Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- 0451029000
- Size
- 2,355 SF
- Lot size
- 0.33 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1916
- Number of units
- 2
Listing agent Brigid Paulk License #425309 (706) 284-3152
Listing office Blanchard & Calhoun - SN 601 Scott Nixon, Augusta, GA (706) 863-8953
Listing date Apr 2, 2026
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.
HighLights
- Fully renovated duplex with successful short‑term rental operations
- Unit 1: 3 bed, 1 bath with an updated kitchen and bright living areas
- Unit 2: 1 bed, 1 bath for additional rental income
- Heating: forced air; cooling: central air
- Year built: 1916
- Utilities: public water and public sewer
Overview
Local 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 | $35.9k | $15.24 |
| − Vacancy | −$2.9k | −$1.23 |
| EGI | $33.0k | $14.01 |
| − OpEx | −$9.9k | −$4.20 |
| NOI | $23.1k | $9.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Columbia
- State
- Georgia
- Longitude
- -82.007603
- Latitude
- 33.473359
