Historic Triplex with Updated
For Sale
$340,000
211 Broad St, Augusta, GA 30901
Two occupied lower-level apartments provide current rental income, while the vacant upper residence offers flexible occupancy or leasing options.
Property Size2,552 SF
Price / SF$133.23
Days on Market40
Property Features for 211 Broad St
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Amenities
shared backyard
Building Details
Year Built
1926
Listing Agency:
Keller Williams Realty Augusta Partners
(770) 366-3460
Listed By:
Jaime Powell · License #421780
Source:
Bradberrygarnerrealestate
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 4:10AM
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
Investment Insights
Based on property information with market context.
Built in 1926, this 2,552-square-foot triplex includes two tenant-occupied lower-level apartments, each with 1 bedroom and 1 bathroom, plus a vacant upper residence with 3 bedrooms and 2 bathrooms. The upper unit includes a recently updated kitchen, and the property conveys with its appliances. A shared backyard provides outdoor space for residents.
The property is located at 211 Broad St in Augusta’s Olde Towne historic neighborhood, just blocks from the Savannah River, downtown Augusta, Augusta University, area hospitals, and Fort Gordon. The combination of existing occupancy and a vacant upper unit supports multiple residential use configurations, subject to applicable requirements and leasing decisions.
The property is located at 211 Broad St in Augusta’s Olde Towne historic neighborhood, just blocks from the Savannah River, downtown Augusta, Augusta University, area hospitals, and Fort Gordon. The combination of existing occupancy and a vacant upper unit supports multiple residential use configurations, subject to applicable requirements and leasing decisions.
Key Highlights
- 2,552 SF triplex built in 1926
- Two tenant‑occupied 1‑bedroom, 1‑bathroom lower units
- Vacant upper unit with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,028
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,560
$500.6K
Cap Rate 7%
$357,543
$357.5K
Cap Rate 9%
$278,089
$278.1K
Market Conditions
NOI Build-Up for 2,552 SF
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.
Gross rent
$38.9K $15.24/SF
− Vacancy
−$3.1K −$1.23/SF
EGI
$35.8K $14.01/SF
− OpEx
−$10.7K −$4.20/SF
NOI
$25.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,560
Cap Rate 7%
$357,543
Cap Rate 9%
$278,089
Alternative Uses
Best Use
Multifamily LT 5
$357.5K
$312.9K – $417.1K
NOI $25,028 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$330.2K
$289.0K – $385.3K
NOI $23,117 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$805.5K
$704.8K – $939.8K
NOI $56,386 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two occupied lower-level apartments provide current rental income, while the vacant upper residence offers flexible occupancy or leasing options.
Where is this triplex located?
The property is located at 211 Broad St Augusta, GA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,552 SF triplex built in 1926; Two tenant‑occupied 1‑bedroom, 1‑bathroom lower units; Vacant upper unit with 3 bedrooms and 2 bathrooms
