New Construction Medical District
For Sale
Under Contract
$319,900
1424 Brown Street, Augusta, GA 30901
MULTI_FAMILY - Augusta, GA
Property Size2,000 SF
Lot Size0.18 Acres
Price / SF$159.95
Days on Market154
Property Features for 1424 Brown Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Subdivision
Laney Walker
Elementary school
Jenkins Elementary
Middle school
Murphy
High school
Lucy Laney
Directions
From downtown Augusta, take 15th Street toward Augusta University Medical Center. Turn left onto Brown Street. Property will be on the right at 1424 Brown St.
Standard status
Active Under Contract
APN
0463226000
Size
2,000 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
265
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Listing Agency:
Realty One Group Visionaries
(706) 945-1267
Listed By:
David White · License #449949
(706) 910-2120
Added: Mar 12
Changed: Aug 10
Last Checked: Aug 12 at 5:06AM
MLS# 98254174
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.
New construction duplex designed as two separately metered units. Each unit includes two bedrooms and two full bathrooms, with an open-concept living and kitchen layout. Interiors feature luxury vinyl plank flooring, contemporary kitchen finishes with granite countertops, and modern fixtures throughout.
The property is located in the downtown Medical District of Augusta, Georgia, at 1424 Brown Street (30901). The address is described as being near Augusta University’s Health Sciences Campus and the Augusta University Medical Center, with convenient access to Fort Gordon.
The duplex totals 2,000 square feet, presented as two identical units. Buyer should verify all information and rental estimates during due diligence.
The property is located in the downtown Medical District of Augusta, Georgia, at 1424 Brown Street (30901). The address is described as being near Augusta University’s Health Sciences Campus and the Augusta University Medical Center, with convenient access to Fort Gordon.
The duplex totals 2,000 square feet, presented as two identical units. Buyer should verify all information and rental estimates during due diligence.
Key Highlights
- New construction duplex at 1424 Brown St in Augusta, GA 30901 (4 bed/4 bath, 2,000 SF total) built in 2026
- Two separately metered units, each with 2 bedrooms and 2 full bathrooms (about 1,000 SF per side)
- Central air and forced air heating
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
$19,614
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
6.13%
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%
$392,280
$392.3K
Cap Rate 7%
$280,200
$280.2K
Cap Rate 9%
$217,933
$217.9K
Market Conditions
NOI Build-Up for 2,000 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
$30.5K $15.24/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$28.0K $14.01/SF
− OpEx
−$8.4K −$4.20/SF
NOI
$19.6K $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%
$392,280
Cap Rate 7%
$280,200
Cap Rate 9%
$217,933
Alternative Uses
Best Use
Multifamily LT 5
$280.2K
$245.2K – $326.9K
NOI $19,614 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$258.8K
$226.5K – $302.0K
NOI $18,117 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,142
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
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Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with two separately metered units, each offering 2 beds and 2 baths.
Where is this duplex located?
The property is located at 1424 Brown Street Augusta, GA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: New construction duplex at 1424 Brown St in Augusta, GA 30901 (4 bed/4 bath, 2,000 SF total) built in 2026; Two separately metered units, each with 2 bedrooms and 2 full bathrooms (about 1,000 SF per side); Central air and forced air heating
