3-Unit Multifamily
For Sale
$333,000
1526 Stovall Street A B & C, Augusta, GA 30904
Vacant three-bedroom home accompanies an occupied rear duplex with separate electric metering and off-street parking.
Property Size2,805 SF
Price / SF$118.72
Days on Market14
Property Features for 1526 Stovall Street A B & C
General Information
Standard status
Active
Size
2,805 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$19,740
Building Details
Year Built
1929
Listing Agency:
Fathom Realty GA
(919) 909-3289
Listed By:
Tracy Gonzalez · License #278379
Source:
Barefootbrokers
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 25 at 4:04AM
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 Fathom Realty GA
Investment Insights
Based on property information with market context.
This 3-unit multifamily property combines a 1,661-square-foot front house with a rear stacked duplex. The main residence includes three bedrooms, two bathrooms, high ceilings, living and dining areas, a large kitchen, a side porch, and two off-street parking spaces. It is currently vacant for potential owner occupancy or a new tenant. Built in 1929, the property also includes two 572-square-foot apartments, each with one bedroom, one full bathroom, in-unit laundry, and dedicated off-street parking.
The duplex units are occupied, creating an income component alongside the vacant front residence. Electricity is separately metered for the units, while water is supplied through a shared meter. The property is near Augusta University, Augusta Tech, the Medical District, Fort Gordon, and I-520, with Summerville nearby.
The duplex units are occupied, creating an income component alongside the vacant front residence. Electricity is separately metered for the units, while water is supplied through a shared meter. The property is near Augusta University, Augusta Tech, the Medical District, Fort Gordon, and I-520, with Summerville nearby.
Key Highlights
- 3‑unit layout with a 1,661 SF front house and rear stacked duplex
- Front residence includes 3 bedrooms, 2 bathrooms, and 2 off‑street parking spaces
- Two duplex units measure 572 SF each and include 1 bedroom and 1 full bathroom
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
$25,409
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
7.63%
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%
$508,180
$508.2K
Cap Rate 7%
$362,986
$363.0K
Cap Rate 9%
$282,322
$282.3K
Market Conditions
NOI Build-Up for 2,805 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
$50.5K $18.00/SF
− Vacancy
−$4.3K −$1.53/SF
EGI
$46.2K $16.47/SF
− OpEx
−$20.8K −$7.41/SF
NOI
$25.4K $9.06/SF
Area
Augusta, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$508,180
Cap Rate 7%
$362,986
Cap Rate 9%
$282,322
Alternative Uses
Best Use
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,409 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$885.4K
$774.7K – $1.03M
NOI $61,976 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant three-bedroom home accompanies an occupied rear duplex with separate electric metering and off-street parking.
Where is this multifamily property located?
The property is located at 1526 Stovall Street A B & C Augusta, GA.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: 3‑unit layout with a 1,661 SF front house and rear stacked duplex; Front residence includes 3 bedrooms, 2 bathrooms, and 2 off‑street parking spaces; Two duplex units measure 572 SF each and include 1 bedroom and 1 full bathroom
