1938 Starnes Street Augusta, GA 30904
MULTI_FAMILY - Augusta, GA
Property Features for 1938 Starnes Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
- Patio and Porch features
- Porch
- Interior features
- Wash/Dry Connect, Blinds/Shades
- Appliances
- Refrigerator, Range
- Standard status
- Active Under Contract
- APN
- 0353172000
- Size
- 952 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 1667/873
- Tax Annual Amount
- 1227
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Space Heater
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1921
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Lvt/lvp
- Building materials
- Vinyl Siding, Wood Frame
- Roof type
- Composition, Shingle
Listing agent Wayne Snyder License #391710 (614) 284-2962
Listing office Auben Realty, LLC 909 Walker Street, AUGUSTA, GA (706) 305-1551
Listing date Dec 14, 2025
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.
Investment Insights
Based on property information with market context.
The property is located in the Harrisburg neighborhood in Augusta, GA, on a block described as seeing reinvestment and improvement. It is also described as being near the Medical District and downtown, providing context for ongoing local demand.
The duplex was recently vacated and is being marketed with an assumed monthly rental projection of $800 per unit, for a total of $1,600 per month. The seller is offering the property as-is, with no warranties or disclosures. The duplex may also be combined and sold with 1936 Starnes, which could appeal to buyers looking to consolidate holdings.
Key Highlights
- Duplex built in 1921 with 2 units, each offering 1 bedroom and 1 bathroom
- Projected monthly income of $800 per unit ($1,600 total) after the duplex was recently vacated
- Renovated with LVP/LVT flooring and includes completed foundation work with a transferable warranty
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 | $14.5k | $15.24 |
| − Vacancy | −$1.2k | −$1.23 |
| EGI | $13.3k | $14.01 |
| − OpEx | −$4.0k | −$4.20 |
| NOI | $9.3k | $9.81 |
