Triplex with Updated
For Sale
Under Contract
$340,000
211 Broad Street, Augusta, GA 30901
Residential Income, Augusta, GA
Property Size2,552 SF
Lot Size0.14 Acres
Price / SF$133.23
Days on Market96
Property Features for 211 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Kitchen Island
Exterior features
Balcony
Fireplace
1
Appliances
Gas Cooktop, Washer, Refrigerator, Dryer
Subdivision
Old Towne
Elementary school
Hornsby
Middle school
Hornsby WS
High school
Lucy Laney
Directions
Broad Street toward Old Towne. Home will be on your left in the 200 block. GPS Friendly.
Standard status
Active Under Contract
APN
0472105000
Size
2,552 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
District/Ward - Urban Subdivision -Olde Town Pinched Gut Plat Book/Page - 2J 46
Tax Annual Amount
3998
Legal Description
District/Ward - Urban Subdivision -Olde Town Pinched Gut Plat Book/Page - 2J 46
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
shared backyard
Building Details
Year built
1926
Floors in Building
2
Number of units
3
Flooring type
Carpet, Lvt/lvp
Building materials
Aluminum Siding, Vinyl Siding, Wood Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Jaime Powell · License #421780
(770) 366-3460
Added: May 26
Changed: Aug 26
Last Checked: Aug 29 at 5:06PM
MLS# 100576625
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.
This 1926 triplex contains 2552 square feet across three residential units. The lower level includes two occupied one-bedroom, one-bathroom apartments, while the upper residence has three bedrooms and two bathrooms and is vacant. The upstairs kitchen has been updated, and the property includes a gas cooktop, refrigerator, washer, and dryer. Additional features include a shared backyard, balcony, porch, off-street parking, central air, forced-air natural gas heating, and a metal roof.
Located at 211 Broad Street in Augusta, the property is near the Savannah River, downtown Augusta, Augusta University, area hospitals, and Fort Gordon. The site measures 0.14 acres and is served by public water and public sewer. R3 zoning supports the property's residential configuration.
Located at 211 Broad Street in Augusta, the property is near the Savannah River, downtown Augusta, Augusta University, area hospitals, and Fort Gordon. The site measures 0.14 acres and is served by public water and public sewer. R3 zoning supports the property's residential configuration.
Key Highlights
- Three‑unit property with two occupied 1‑bedroom, 1‑bathroom units and one vacant 3‑bedroom, 2‑bathroom unit
- 2552 square feet on a 0.14‑acre lot
- Updated kitchen in the upper unit with gas cooktop and included appliances
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 residences and one vacant upper unit provide a flexible three-unit configuration.
Where is this triplex located?
The property is located at 211 Broad Street 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: Three‑unit property with two occupied 1‑bedroom, 1‑bathroom units and one vacant 3‑bedroom, 2‑bathroom unit; 2552 square feet on a 0.14‑acre lot; Updated kitchen in the upper unit with gas cooktop and included appliances
