Renovated Augusta Apartment
For Sale
Contact for pricing
1520 Gordon Hwy, Augusta, GA 30906
Repositioned studio apartments near major Augusta employers.
Property SizeContact for details
Days on Market151
Property Features for 1520 Gordon Hwy
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Charleston – Morrison
Listed By:
Ben Wetenhall · License #141285 (SC)
(843) 747-2292
Source:
Colliers
Added: Apr 8
Changed: Sep 5
Last Checked: Sep 5 at 3:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charleston – Morrison
Investment Insights
Based on property information with market context.
This property consists exclusively of studio apartments and is located between Augusta's major employers. A comprehensive renovation is scheduled for completion in Q1 2025, presenting an opportunity to acquire a repositioned asset with a clear path to stabilization. Situated in Georgia's second-largest metro area, which has over half a million residents and a diverse employment base in healthcare, military, and cybersecurity, the property is less than 10 minutes from downtown Augusta and approximately 15 minutes from Fort Gordon. The location provides close proximity to the region's primary employers, positioning the asset for continued strong rental demand. The current ownership has invested approximately $3.5 million in a full redevelopment, rebuilding unit interiors with new kitchens, appliances, contemporary finishes, plumbing, and electrical systems. Exterior improvements have addressed major capital components, including roofing, HVAC, and overall site improvements. With current occupancy at 85% and roughly $165 in monthly rental upside per unit, investors can focus on operational execution to unlock significant NOI growth. This property offers a straightforward path to stabilization, allowing investors to step into a fully renovated asset and focus on execution from day one.
Key Highlights
- Strategic location between Augusta's major employers, including proximity to downtown Augusta and Fort Gordon.
- Comprehensive renovation completed in Q1 2025 with ±$3.5 million invested.
- Fully renovated unit interiors with new kitchens, appliances, finishes, plumbing, and electrical systems.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 30906, GA
58,458
Population
24,663
Households
2.4
Avg Household Size
37
Median Age
12%
College-Educated
85%
High-School Grad
86.7 sq mi
ZIP Area
674
Density / Sq Mi
$46,159
Median Household Income
$29,218
Median Earnings
$1,051
Median Rent
$115,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Repositioned studio apartments near major Augusta employers.
Where is this apartment building located?
The property is located at 1520 Gordon Hwy Augusta, GA.
What are key features of this property?
This property features: Strategic location between Augusta's major employers, including proximity to downtown Augusta and Fort Gordon.; Comprehensive renovation completed in Q1 2025 with ±$3.5 million invested.; Fully renovated unit interiors with new kitchens, appliances, finishes, plumbing, and electrical systems.**
