Three-Unit Multifamily
For Sale
$333,000
1526 Stovall Street, Augusta, GA 30904
MULTI_FAMILY - Augusta, GA
Property Size2,805 SF
Lot Size0.17 Acres
Price / SF$118.72
Days on Market76
Property Features for 1526 Stovall Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Dining Room, Laundry Room, Bedroom 2, Bedroom 4, Laundry Room, Bedroom 3, Bathroom 4, Bedroom 5, Bathroom 2
Patio and Porch features
Porch
Interior features
Bedroom on 1st Floor, Primary Downstairs, Eat-in Kitchen
Fireplace
1
Appliances
Range, Washer, Refrigerator, Dishwasher, Dryer, Electric Water Heater
Lot features
Level, Level
Elementary school
Monte Sano
Directions
From I-520: Take the Wrightsboro Road exit toward Augusta University/Medical District. Continue toward Walton Way, then turn right onto Stovall Street. Home on the left.
Standard status
Active
APN
044-3-227-00-0
Size
2,805 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1929
Floors in Building
2
Flooring type
Wood, Carpet, Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Fathom Realty SC LLC
(803) 429-6937
Listed By:
Tracy Gonzalez · License #278379
(888) 455-6040
Added: May 28
Changed: Aug 10
Last Checked: Aug 11 at 10:06AM
MLS# 223917
Copyright © 2026 Aiken Association of REALTORS®. 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.
This 2,805-square-foot multifamily property contains three units across a front residence and a rear stacked duplex. The front home measures 1,661 square feet and includes three bedrooms, two bathrooms, high ceilings, living and dining rooms, an eat-in kitchen, a side porch, and two off-street parking spaces. It is vacant and positioned for owner occupancy or new tenancy. Each duplex unit measures 572 square feet with one bedroom, one full bathroom, in-unit laundry, and dedicated off-street parking. The rear units are occupied, and electricity is separately metered while water is shared through one meter.
Built in 1929, the property features stucco construction, wood, carpet, and tile flooring, heat-pump heating and cooling, a shingle roof, public water, and public sewer. It is located at 1526 Stovall Street in Augusta, near I-520, Augusta Tech, Augusta University, the Medical District, and Fort Gordon. The 0.17-acre property offers an owner-occupied income property configuration or a three-unit rental arrangement.
Built in 1929, the property features stucco construction, wood, carpet, and tile flooring, heat-pump heating and cooling, a shingle roof, public water, and public sewer. It is located at 1526 Stovall Street in Augusta, near I-520, Augusta Tech, Augusta University, the Medical District, and Fort Gordon. The 0.17-acre property offers an owner-occupied income property configuration or a three-unit rental arrangement.
Key Highlights
- Three units totaling 2,805 square feet
- Front residence measures 1,661 SF with 3 bedrooms and 2 bathrooms
- Rear duplex includes two 572 SF units, each with 1 bedroom and 1 full 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
$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
Property Profile
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
1,009
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?
Multifamily property - A vacant front residence complements a rear stacked duplex with separate electric metering and dedicated parking.
Where is this multifamily property located?
The property is located at 1526 Stovall Street 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 units totaling 2,805 square feet; Front residence measures 1,661 SF with 3 bedrooms and 2 bathrooms; Rear duplex includes two 572 SF units, each with 1 bedroom and 1 full bathroom
