Updated Historic
For Sale
$245,000
1701 Jenkins St, Augusta, GA 30904
Two occupied units offer a mix of three- and two-bedroom layouts.
Property Size2,058 SF
Price / SF$119.05
Days on Market36
Property Features for 1701 Jenkins St
General Information
Standard status
Active
Size
2,058 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
wrap around front porch
fenced backyard
Building Details
Year Built
1891
Buildings
1
Tenancy
Multi
Listing Agency:
Meybohm Commercial Properties
(706) 736-0700
Listed By:
Danielle Meikrantz · License #401159
Source:
Barefootbrokers
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 11:51AM
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 Meybohm Commercial Properties
Investment Insights
Based on property information with market context.
Built in 1891, this 2,058-square-foot duplex combines historic character with substantial system updates. The property includes a wraparound front porch, wood detailing, a fenced backyard, new electrical service and panels throughout, new plumbing, and two separate brand-new HVAC systems. Both units are leased and occupied.
Unit A provides three bedrooms, one and a half baths, a remodeled kitchen, oversized living room windows, and 10-foot ceilings. Unit B offers two bedrooms and one bath, along with updated kitchen and bathroom finishes. The property sits at the corner of Jenkins and Tuttle, one block from Walton Way, with downtown Augusta, Augusta University, and the Medical District located minutes away. Utilities are configured through one water meter, one electric meter, and one gas meter.
Unit A provides three bedrooms, one and a half baths, a remodeled kitchen, oversized living room windows, and 10-foot ceilings. Unit B offers two bedrooms and one bath, along with updated kitchen and bathroom finishes. The property sits at the corner of Jenkins and Tuttle, one block from Walton Way, with downtown Augusta, Augusta University, and the Medical District located minutes away. Utilities are configured through one water meter, one electric meter, and one gas meter.
Key Highlights
- Fully leased duplex with both units occupied
- 2,058 square feet; built in 1891
- Unit A: 3 bedrooms, 1.5 baths, remodeled kitchen, and 10‑foot ceilings
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
$20,183
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
8.24%
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%
$403,660
$403.7K
Cap Rate 7%
$288,329
$288.3K
Cap Rate 9%
$224,256
$224.3K
Market Conditions
NOI Build-Up for 2,058 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
$31.4K $15.24/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$28.8K $14.01/SF
− OpEx
−$8.6K −$4.20/SF
NOI
$20.2K $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%
$403,660
Cap Rate 7%
$288,329
Cap Rate 9%
$224,256
Alternative Uses
Best Use
Multifamily LT 5
$288.3K
$252.3K – $336.4K
NOI $20,183 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$266.3K
$233.0K – $310.7K
NOI $18,642 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$649.6K
$568.4K – $757.9K
NOI $45,471 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,731
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?
Duplex - Two occupied units offer a mix of three- and two-bedroom layouts.
Where is this duplex located?
The property is located at 1701 Jenkins St Augusta, GA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Fully leased duplex with both units occupied; 2,058 square feet; built in 1891; Unit A: 3 bedrooms, 1.5 baths, remodeled kitchen, and 10‑foot ceilings
