Five-Unit Apartment
For Sale
$415,000
1712 Central Ave, Augusta, GA 30904
Five apartments are arranged across three buildings with stucco exteriors and metal roofing.
Property Size3,160 SF
Price / SF$131.33
Days on Market70
Property Features for 1712 Central Ave
General Information
Standard status
Active
Size
3,160 SF
Property Condition
Severity
Repairs Needed
Evidence
little TLC
Additional Details
Multifamily Units
5
Building Details
Year Built
1926
Buildings
3
Construction
stucco
Listing Agency:
Auben Realty, LLC
Listed By:
Wayne Snyder · License #391710
(614) 284-2962
Source:
Barefootbrokers
Added: Aug 6
Changed: Sep 13
Last Checked: Oct 7 at 1:23PM
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 Auben Realty, LLC
Investment Insights
Based on property information with market context.
This apartment property includes five units across three separate buildings, with 3,160 square feet of total building area. The improvements feature stucco exteriors and metal roofs, and the property was built in 1926. The configuration includes a mix of occupied and vacant units, providing an existing residential setup with additional space to address.
Situated on a corner lot at 1712 Central Ave in Augusta, the property is located near downtown, the medical district, and Paine College. Three units are currently rented, while two are vacant. One vacant unit is described as rent ready, and the other requires some work before being positioned for occupancy.
Situated on a corner lot at 1712 Central Ave in Augusta, the property is located near downtown, the medical district, and Paine College. Three units are currently rented, while two are vacant. One vacant unit is described as rent ready, and the other requires some work before being positioned for occupancy.
Key Highlights
- Five units distributed across three buildings
- 3,160 square feet of total building area
- Stucco exteriors and durable metal roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,625
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,500
$572.5K
Cap Rate 7%
$408,929
$408.9K
Cap Rate 9%
$318,056
$318.1K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$56.9K $18.00/SF
− Vacancy
−$4.8K −$1.53/SF
EGI
$52.0K $16.47/SF
− OpEx
−$23.4K −$7.41/SF
NOI
$28.6K $9.06/SF
Area
Augusta, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,500
Cap Rate 7%
$408,929
Cap Rate 9%
$318,056
Alternative Uses
Best Use
Apartment 5plus
$408.9K
$357.8K – $477.1K
NOI $28,625 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.4K
$872.8K – $1.16M
NOI $69,820 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,415
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments are arranged across three buildings with stucco exteriors and metal roofing.
Where is this apartment building located?
The property is located at 1712 Central Ave Augusta, GA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Five units distributed across three buildings; 3,160 square feet of total building area; Stucco exteriors and durable metal roofs
