Fully Leased
For Sale
$200,000
1722 Verdery St, Augusta, GA 30904
Two-unit property with distinct layouts, a private rear entrance, and covered parking serving both residences.
Property Size1,272 SF
Price / SF$157.23
Days on Market78
Property Features for 1722 Verdery St
General Information
Standard status
Active
Size
1,272 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1931
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Jaime Powell · License #421780
(770) 366-3460
Source:
Barefootbrokers
Added: Aug 3
Changed: Oct 7
Last Checked: Oct 16 at 12:51PM
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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Investment Insights
Based on property information with market context.
This 1931 duplex contains 1,272 square feet and is fully leased. The front residence has two bedrooms, one bathroom, a sizable living room, a large kitchen with a gas stove, washer and dryer hookups, and two original decorative fireplaces. The rear residence includes one bedroom, one bathroom, a private entrance, and convenient access to the parking area. A covered rear carport serves both units.
The property is located on Verdery St near Wrightsboro Road in Augusta, with Augusta University, the medical district, downtown Augusta, and historic Summerville identified as nearby destinations. The property information also notes an established rental history and directs inquiries regarding lease information to the listing agent.
The property is located on Verdery St near Wrightsboro Road in Augusta, with Augusta University, the medical district, downtown Augusta, and historic Summerville identified as nearby destinations. The property information also notes an established rental history and directs inquiries regarding lease information to the listing agent.
Key Highlights
- Fully leased duplex with 1,272 square feet
- Front unit includes 2 bedrooms and 1 bathroom
- Rear unit offers 1 bedroom, 1 bathroom, and a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,475
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,500
$249.5K
Cap Rate 7%
$178,214
$178.2K
Cap Rate 9%
$138,611
$138.6K
Market Conditions
NOI Build-Up for 1,272 SF
Gross rent
$19.4K $15.24/SF
− Vacancy
−$1.6K −$1.23/SF
EGI
$17.8K $14.01/SF
− OpEx
−$5.3K −$4.20/SF
NOI
$12.5K $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 Rate 5%
$249,500
Cap Rate 7%
$178,214
Cap Rate 9%
$138,611
Alternative Uses
Best Use
Multifamily LT 5
$178.2K
$155.9K – $207.9K
NOI $12,475 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,522 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$401.5K
$351.3K – $468.4K
NOI $28,105 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with distinct layouts, a private rear entrance, and covered parking serving both residences.
Where is this duplex located?
The property is located at 1722 Verdery St Augusta, GA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Fully leased duplex with 1,272 square feet; Front unit includes 2 bedrooms and 1 bathroom; Rear unit offers 1 bedroom, 1 bathroom, and a private entrance
