2-Unit Commercial-Zoned
New
For Sale
$169,900
1933 George Road, Augusta, GA 30904
Two separate electrical meters support the property's configuration for distinct residential spaces.
Property Size1,174 SF
Lot Size0.26 Acres
Days on Market6
Property Features for 1933 George Road
General Information
Standard status
Active
Size
1,174 SF
Lot size
0.26 Acres
Property subtype
Multi-Family
Zoning
C-3
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$683
Building Details
Building Size
1,174 SF
Year Built
1936
Buildings
1
Listing Agency:
Four Seasons Sales
(888) 584-9431
Listed By:
Jack Hamilton
(336) 669-3775
Source:
Hamiltonrealtygroupnc
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 3:38PM
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 Four Seasons Sales
Investment Insights
Based on property information with market context.
This duplex in Augusta has 1,174 square feet and was built in 1936. Its two sides are described as one-bedroom, one-bathroom spaces, with two separate power meters. The property is zoned C-3 and occupies a 0.26-acre lot at 1933 George Road.
Key Highlights
- Two one‑bedroom, one‑bathroom sides
- 1,174 square feet; built in 1936
- 0.26‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,514
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,280
$230.3K
Cap Rate 7%
$164,486
$164.5K
Cap Rate 9%
$127,933
$127.9K
Market Conditions
NOI Build-Up for 1,174 SF
Gross rent
$17.9K $15.24/SF
− Vacancy
−$1.4K −$1.23/SF
EGI
$16.4K $14.01/SF
− OpEx
−$4.9K −$4.20/SF
NOI
$11.5K $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%
$230,280
Cap Rate 7%
$164,486
Cap Rate 9%
$127,933
Alternative Uses
Best Use
Multifamily LT 5
$164.5K
$143.9K – $191.9K
NOI $11,514 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$151.9K
$132.9K – $177.3K
NOI $10,635 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$370.6K
$324.2K – $432.3K
NOI $25,939 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
392
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate electrical meters support the property's configuration for distinct residential spaces.
Where is this duplex located?
The property is located at 1933 George Road Augusta, GA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom sides; 1,174 square feet; built in 1936; 0.26‑acre lot
