Triplex with Owner-Occupant
For Sale
$333,000
Pending
1526 Stovall Street #A B & C, Augusta, GA 30904
A vacant front residence pairs with a rear stacked duplex and separately metered gas and electric.
Property Size2,805 SF
Days on Market95
Property Features for 1526 Stovall Street #A B & C
General Information
Standard status
Pending
Size
2,805 SF
Property subtype
Triplex
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
Amenities
in-unit laundry
side porch
Building Details
Building Size
2,805 SF
Year Built
1929
Buildings
2
Stories
2
Listing Agency:
Fathom Realty GA
(919) 909-3289
Listed By:
Tracy Gonzalez · License #278379
Source:
Chrisleitza.kw
Added: May 28
Changed: Aug 29
Last Checked: Aug 25 at 9:32AM
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 1929 triplex combines a front residence with a separate stacked duplex at the rear. The front home is vacant and includes 3 bedrooms, 2 bathrooms, high ceilings, living and dining rooms, a large kitchen, a side porch, and two off-street parking spaces. The duplex contains two 1-bedroom, 1-bathroom units, each with in-unit laundry and dedicated off-street parking.
Gas and electric service are separately metered for the units, while water is shared on one meter. The property is located on Stovall Street near Augusta University, Augusta Tech, the Medical District, Fort Gordon, and I-520. Its configuration supports an owner-occupant arrangement with additional rental units or continued operation as a three-unit residential income property.
Gas and electric service are separately metered for the units, while water is shared on one meter. The property is located on Stovall Street near Augusta University, Augusta Tech, the Medical District, Fort Gordon, and I-520. Its configuration supports an owner-occupant arrangement with additional rental units or continued operation as a three-unit residential income property.
Key Highlights
- Three‑unit property with a vacant 3‑bedroom, 2‑bathroom front home
- Rear stacked duplex with two 1‑bedroom, 1‑bathroom units
- Each duplex unit includes in‑unit laundry and dedicated off‑street parking
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
$27,509
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
8.26%
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%
$550,180
$550.2K
Cap Rate 7%
$392,986
$393.0K
Cap Rate 9%
$305,656
$305.7K
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
$42.7K $15.24/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$39.3K $14.01/SF
− OpEx
−$11.8K −$4.20/SF
NOI
$27.5K $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%
$550,180
Cap Rate 7%
$392,986
Cap Rate 9%
$305,656
Alternative Uses
Best Use
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,509 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,409 @ 7.0% cap · market cap 7.63%
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
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
797
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?
Triplex - A vacant front residence pairs with a rear stacked duplex and separately metered gas and electric.
Where is this triplex 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: Three‑unit property with a vacant 3‑bedroom, 2‑bathroom front home; Rear stacked duplex with two 1‑bedroom, 1‑bathroom units; Each duplex unit includes in‑unit laundry and dedicated off‑street parking
