Renovated Duplex with
New
For Sale
$235,000
146 Stoneybrooks Place, Augusta, GA 30907
Two leased apartments offer practical layouts with separate living, dining, kitchen, laundry, and storage areas.
Property Size1,819 SF
Price / SF$129.19
Days on Market5
Property Features for 146 Stoneybrooks Place
General Information
Standard status
Active
Size
1,819 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1983
Listing Agency:
Nantahala Real Estate
Listed By:
Kelli Salter
(910) 939-4905
Source:
Carolinarealestatecentral
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 9:29AM
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 Nantahala Real Estate
Investment Insights
Based on property information with market context.
This duplex contains 1,819 square feet and was built in 1983. Both apartments are currently rented, and each unit includes two bedrooms, one bathroom, living and dining areas, a kitchen, a laundry room, and an exterior storage closet.
Unit A features new flooring, a new HVAC system, repainted cabinets and walls, and updated countertops. A storage shed sits beside the duplex for additional utility. Unit B is described as being in great condition, providing a complementary second unit within the property.
Unit A features new flooring, a new HVAC system, repainted cabinets and walls, and updated countertops. A storage shed sits beside the duplex for additional utility. Unit B is described as being in great condition, providing a complementary second unit within the property.
Key Highlights
- Two‑unit property with both apartments currently rented
- 1,819 square feet; constructed in 1983
- Each unit has 2 bedrooms and 1 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
$17,839
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
7.59%
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%
$356,780
$356.8K
Cap Rate 7%
$254,843
$254.8K
Cap Rate 9%
$198,211
$198.2K
Market Conditions
NOI Build-Up for 1,819 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
$27.7K $15.24/SF
− Vacancy
−$2.2K −$1.23/SF
EGI
$25.5K $14.01/SF
− OpEx
−$7.6K −$4.20/SF
NOI
$17.8K $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%
$356,780
Cap Rate 7%
$254,843
Cap Rate 9%
$198,211
Alternative Uses
Best Use
Multifamily LT 5
$254.8K
$223.0K – $297.3K
NOI $17,839 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$235.4K
$206.0K – $274.6K
NOI $16,477 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$574.1K
$502.4K – $669.8K
NOI $40,190 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 30907, GA
50,964
Population
22,219
Households
2.3
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
2,115
Density / Sq Mi
$83,349
Median Household Income
$45,692
Median Earnings
$1,211
Median Rent
$232,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased apartments offer practical layouts with separate living, dining, kitchen, laundry, and storage areas.
Where is this duplex located?
The property is located at 146 Stoneybrooks Place Augusta, GA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit property with both apartments currently rented; 1,819 square feet; constructed in 1983; Each unit has 2 bedrooms and 1 bathroom
