Two-Unit Duplex with
For Sale
Under Contract
$160,000
107 Ellis Street, Augusta, GA 30901
Residential Income, Augusta, GA
Property Size1,246 SF
Lot Size0.09 Acres
Price / SF$128.41
Days on Market98
Property Features for 107 Ellis Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Off Street
Patio and Porch features
Porch
Fireplace
1
Appliances
Gas Oven, Gas Cooktop, Refrigerator
Subdivision
Old Towne
Lot features
Level, Corner Lot
Elementary school
Hornsby
Middle school
Hornsby WS
High school
Lucy Laney
Directions
Broad St. toward Old Towne. Right on Forsythe St. Property will be on the left - Corner of Forsythe and Ellis. GPS friendly
Standard status
Active Under Contract
APN
0474010000
Size
1,246 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
107 ELLIS ST
Tax Annual Amount
2111
Legal Description
107 ELLIS ST
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1921
Floors in Building
1
Number of units
2
Flooring type
Lvt/lvp, Carpet
Building materials
Vinyl Siding, Wood Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Jaime Powell · License #421780
(770) 366-3460
Added: May 24
Changed: Aug 20
Last Checked: Aug 29 at 5:06PM
MLS# 100576510
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.
Built in 1921, this duplex contains two matching one-bedroom, one-bathroom residences within 1,246 square feet. The 0.09-acre property includes vinyl siding over wood-frame construction, LVT/LVP and carpet flooring, forced-air natural gas heat, central air, and a fireplace. Each unit is served by public water and public sewer, with gas cooking appliances provided. A composition roof, front porch, and off-street parking complete the property.
Located at 107 Ellis Street in Augusta, Georgia, the property carries R zoning and is identified within ZIP Code 30901. The existing two-unit layout provides a defined residential income configuration, while the property is offered in its current as-is condition.
Located at 107 Ellis Street in Augusta, Georgia, the property carries R zoning and is identified within ZIP Code 30901. The existing two-unit layout provides a defined residential income configuration, while the property is offered in its current as-is condition.
Key Highlights
- Two matching 1‑bedroom, 1‑bathroom units
- 1,246 Square Feet on a 0.09‑acre lot
- R zoning in Augusta, GA 30901
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
$12,220
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
7.64%
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%
$244,400
$244.4K
Cap Rate 7%
$174,571
$174.6K
Cap Rate 9%
$135,778
$135.8K
Market Conditions
NOI Build-Up for 1,246 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
$19.0K $15.24/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$17.5K $14.01/SF
− OpEx
−$5.2K −$4.20/SF
NOI
$12.2K $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%
$244,400
Cap Rate 7%
$174,571
Cap Rate 9%
$135,778
Alternative Uses
Best Use
Multifamily LT 5
$174.6K
$152.8K – $203.7K
NOI $12,220 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$161.2K
$141.1K – $188.1K
NOI $11,287 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$393.3K
$344.1K – $458.8K
NOI $27,530 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
448
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-zoned duplex with two one-bedroom residences, public utilities, off-street parking, and central air conditioning.
Where is this duplex located?
The property is located at 107 Ellis Street Augusta, GA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two matching 1‑bedroom, 1‑bathroom units; 1,246 Square Feet on a 0.09‑acre lot; R zoning in Augusta, GA 30901
