Two-Unit Income Duplex
1008 Merry Street, Augusta, GA 30904
New
MULTI_FAMILY - Augusta, GA
Property size:
1,521 SFLot size:
0.14 AcresPrice / SF:
$177/SF- Added:
- Jun 5, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 6 at 1:06 am
Property Features for 1008 Merry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r3
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
- Patio and Porch features
- Porch
- Interior features
- Master Downstairs, Wash/Dry Connect, 2nd Kitchen
- Fencing
- Fenced
- Appliances
- Built-In Microwave, Built-In Gas Oven, Built-In Electric Oven, Range, Dishwasher
- Standard status
- Active
- APN
- 0451142000
- Size
- 1,521 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 045-1-142-00-0
- Tax Annual Amount
- 2492
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas
- Cooling system
- Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Carpet, Tile - Ceramic
- Roof type
- Metal
Listing agent Derya Martin License #304649 (803) 765-0211
Listing office ERA Wilder Realty 104 Warren Rd, Augusta, GA (803) 765-0211
Listing date Jun 5, 2026
MLS# 100579590
Listing URL
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
- Main residence approx. 1,009 SF with 2 bedrooms, 1 bathroom, plus a versatile additional room that may serve as a 3rd bedroom, office, guest space, or den
- Detached rear cottage at 1008 1/2 Merry St approx. 512 SF with 1 bed and 1 bath; currently vacant
- Prior cottage rent was $895/month; estimated combined rental income approximately $2,095 to $2,295/month (buyer to verify)
- Main residence is currently occupied and expected to be vacated within the next two months
- Year built 1926; metal roof with public water and public sewer
- Heating includes natural gas and electric; cooling includes window/wall unit(s) and ceiling fans
Overview
This for-sale duplex-style income property includes a main residence and a detached rear cottage. The main residence is approximately 1,009 square feet and is currently occupied, with an expected vacancy timeline within the next two months. Its layout features two dedicated bedrooms and one bathroom, along with an additional versatile room that may serve as a third bedroom, home office, guest space, or den depending on the buyer’s needs. A detached rear cottage is approximately 512 square feet and is currently vacant; it includes one bedroom and one bathroom.
The property is located in Augusta, Georgia in Richmond County, with convenient access described from the Wrightsboro Road corridor. The listing notes the property’s proximity to the medical/university area.
For buyers seeking flexibility, the configuration supports multiple operating choices, including occupying the main residence while leasing the detached cottage, or living in the cottage while leasing the main home. The detached unit is already vacant, which may simplify transition timing once the main residence is vacated. Any projected rental income, bedroom count, zoning suitability, and financing eligibility are subject to buyer verification, code compliance, and any required approvals or improvements.
The property is located in Augusta, Georgia in Richmond County, with convenient access described from the Wrightsboro Road corridor. The listing notes the property’s proximity to the medical/university area.
For buyers seeking flexibility, the configuration supports multiple operating choices, including occupying the main residence while leasing the detached cottage, or living in the cottage while leasing the main home. The detached unit is already vacant, which may simplify transition timing once the main residence is vacated. Any projected rental income, bedroom count, zoning suitability, and financing eligibility are subject to buyer verification, code compliance, and any required approvals or improvements.
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 | $23.2k | $15.24 |
| − Vacancy | −$1.9k | −$1.23 |
| EGI | $21.3k | $14.01 |
| − OpEx | −$6.4k | −$4.20 |
| NOI | $14.9k | $9.81 |
1,521 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.5K – $248.6K
NOI $14,917 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$196.8K
$172.2K – $229.6K
NOI $13,778 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$480.1K
$420.1K – $560.1K
NOI $33,606 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Columbia
- State
- Georgia
- Longitude
- -82.000687
- Latitude
- 33.473101
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex-style property with an occupied main home and a vacant detached cottage for flexible live-and-lease options.
Where is this duplex located?
The property is located at 1008 Merry Street Augusta, GA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Main residence approx. 1,009 SF with 2 bedrooms, 1 bathroom, plus a versatile additional room that may serve as a 3rd bedroom, office, guest space, or den; Detached rear cottage at 1008 1/2 Merry St approx. 512 SF with 1 bed and 1 bath; currently vacant; Prior cottage rent was $895/month; estimated combined rental income approximately $2,095 to $2,295/month (buyer to verify)
