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    Augusta Duplex Investment Opportunity Title is generated by Realmo AI

    1926 Howard Avenue, Augusta, GA 30904

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    For Sale
    $210,000

    MULTI_FAMILY - Augusta, GA

    Property size:
    1,713 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $122/SF
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 1926 Howard Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
    Parking features
    Carport
    Appliances
    Vented Exhaust Fan, Electric Oven, Refrigerator, Dishwasher
    Standard status
    Active
    APN
    0451138000
    Size
    1,713 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Plat Book/Page 7E/384
    Tax Annual Amount
    1353

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1926
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Lvt/lvp, Wood, Tile
    Building materials
    Brick Veneer, Stucco, Wood Frame
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    Jaime Powell

    Listing agent Jaime Powell License #421780

    Listing office Keller Williams Realty Augusta Partners 3633 Wheeler Road, GA

    Listing date May 26, 2026

    MLS# 100576673 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully leased duplex providing immediate rental income.
    • Located in Augusta's growing medical district, near Augusta University, MCG, and area hospitals.
    • Features a 3‑bedroom, 2‑bathroom main house and a separate studio apartment with full bathroom and kitchenette.
    • Studio apartment offers flexibility for long‑term or mid‑term rentals, ideal for medical professionals or students.
    • Rear unit has completely updated electrical with a new panel and a brand new roof.
    • Conveniently located near downtown Augusta and Fort Gordon.

    Overview

    This fully leased duplex, located at 1926 Howard Avenue in Augusta, GA, presents an investment opportunity in the growing medical district. The property includes a 3-bedroom, 2-bathroom main house and a separate studio apartment with a full bathroom and kitchenette in the rear. The back unit offers flexibility for long-term or mid-term rentals, potentially catering to traveling medical professionals, students, or visitors seeking accommodation near area hospitals and universities. The rear unit features updated electrical with a new panel and a new roof. Situated near Augusta University, MCG, area hospitals, downtown Augusta, and Fort Gordon, the property is positioned for stable tenancy and future appreciation. The lot size is 0.14 acres, and the property size is 1713 square feet. The zoning is 'R'.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $26.1k $15.24
    − Vacancy −$2.1k −$1.23
    EGI $24.0k $14.01
    − OpEx −$7.2k −$4.20
    NOI $16.8k $9.81
    1,713 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $240.0K
    $210.0K – $280.0K (±1% cap)
    NOI $16,800 @ 7.0% cap · market cap 8.00%
    Second Best
    Apartment 5plus
    $221.7K
    $194.0K – $258.6K (±1% cap)
    NOI $15,517 @ 7.0% cap · market cap 7.39%
    Theoretical Best
    Office A
    $540.7K
    $473.1K – $630.8K (±1% cap)
    NOI $37,848 @ 7.0% cap · market cap 18.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.001653
    Latitude
    33.47361

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    FAQs

    What type of property is this?
    Duplex - Fully leased duplex near medical district with income potential.
    Where is this duplex located?
    The property is located at 1926 Howard Avenue Augusta, GA.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Fully leased duplex providing immediate rental income.; Located in Augusta's growing medical district, near Augusta University, MCG, and area hospitals.; Features a **3‑bedroom, 2‑bathroom main house** and a separate studio apartment with full bathroom and kitchenette.
    (770) 366-3460
    We can help!
    Listing Contact
    Jaime Powell
    Real Estate License ID: 421780
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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