Brick Quadplex With Recent
For Sale
$439,000
1504 Heard Avenue Abcd, Augusta, GA 30904
Two brick duplexes share one lot, with interiors updated in 2023 and a roof less than two years old.
Property Size3,360 SF
Price / SF$130.65
Days on Market50
Property Features for 1504 Heard Avenue Abcd
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Pendelton King
Building Details
Year Built
1979
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Sherman Burnett · License #380952
(706) 466-6949
Source:
Barefootbrokers
Added: Sep 5
Changed: Oct 11
Last Checked: Oct 7 at 2:23PM
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 Keller Williams Realty Augusta Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex consists of two brick duplexes on the same lot, providing four residential units within approximately 3,360 square feet. The property was built in 1979 and includes central air, electric forced-air heating, slab construction, composition roofing, and front porch areas.
Both properties received interior updates in 2023, while the roof is less than two years old. The address is 1504 Heard Avenue, Unit ABCD, Augusta, GA 30904, in a residential-zoned setting.
Both properties received interior updates in 2023, while the roof is less than two years old. The address is 1504 Heard Avenue, Unit ABCD, Augusta, GA 30904, in a residential-zoned setting.
Key Highlights
- Four‑unit configuration with two brick duplexes on one lot
- Approximately 3,360 square feet of property size
- Interiors of both properties updated 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.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
725
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
Frequently Asked Questions
What type of property is this?
Quadplex - Two brick duplexes share one lot, with interiors updated in 2023 and a roof less than two years old.
Where is this quadplex located?
The property is located at 1504 Heard Avenue Abcd 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: Four‑unit configuration with two brick duplexes on one lot; Approximately 3,360 square feet of property size; Interiors of both properties updated in 2023
