Updated Brick
For Sale
$439,000
1504 Heard Avenue, Augusta, GA 30904
Residential Income, Augusta, GA
Property Size3,360 SF
Lot Size0.46 Acres
Price / SF$130.65
Days on Market142
Property Features for 1504 Heard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 5
Patio and Porch features
Porch
Subdivision
Pendleton King
Elementary school
Monte Sano
Middle school
A R Johnson H.S.E.
High school
Richmond Academy
Directions
Take Wrightsboro road towards downtown Augusta. Turn right onto Heard Ave. Turn left to stay on Heard Ave. Property on your left.
Standard status
Active
APN
0572108000
Size
3,360 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1504 Heard Ave Augusta GA 30904
Tax Annual Amount
3397
Legal Description
1504 Heard Ave Augusta GA 30904
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Buildings
2
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Sherman Burnett · License #380592
(706) 466-6949
Added: Jun 16
Changed: Oct 31
Last Checked: Nov 4 at 1:06AM
MLS# 100581984
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.
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Investment Insights
Based on property information with market context.
This quadplex consists of two brick duplex buildings situated on the same 0.46-acre lot. The property contains 3,360 square feet and was built in 1979, with four bathrooms and eight bedrooms identified in the room details. Interior improvements were completed in 2023, and the composition roof is less than two years old.
The property is located at 1504 Heard Avenue in Augusta, Georgia, within Richmond County. Residential zoning applies, and the site is served by public water and public sewer. Building features include porches, central air conditioning, and electric forced-air heating.
The property is located at 1504 Heard Avenue in Augusta, Georgia, within Richmond County. Residential zoning applies, and the site is served by public water and public sewer. Building features include porches, central air conditioning, and electric forced-air heating.
Key Highlights
- Two brick duplexes on one 0.46‑acre lot
- 3,360 square feet with 8 bedrooms and 4 bathrooms
- Interior updates completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,952
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,040
$659.0K
Cap Rate 7%
$470,743
$470.7K
Cap Rate 9%
$366,133
$366.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$51.2K $15.24/SF
− Vacancy
−$4.1K −$1.23/SF
EGI
$47.1K $14.01/SF
− OpEx
−$14.1K −$4.20/SF
NOI
$33.0K $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 Rate 5%
$659,040
Cap Rate 7%
$470,743
Cap Rate 9%
$366,133
Alternative Uses
Best Use
Multifamily LT 5
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.06M
$928.0K – $1.24M
NOI $74,238 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two brick duplexes share one residential lot with a newer roof and interior updates completed in 2023.
Where is this quadplex located?
The property is located at 1504 Heard Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two brick duplexes on one 0.46‑acre lot; 3,360 square feet with 8 bedrooms and 4 bathrooms; Interior updates completed in 2023
