Duplex Renovation
For Sale
$174,999
2144 Central Ave, Augusta, GA 30904
1921 property with substantial deferred maintenance and potential for multifamily or single-family residential use, subject to approvals.
Property Size1,526 SF
Price / SF$114.68
Days on Market83
Property Features for 2144 Central Ave
General Information
Standard status
Active
Size
1,526 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
substantial deferred maintenance
Site & Location
Neighborhood
Summerville
Building Details
Year Built
1921
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
William Wilson · License #349211
(706) 631-3320
Source:
Barefootbrokers
Added: Aug 2
Changed: Oct 16
Last Checked: Oct 7 at 1:40PM
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
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Investment Insights
Based on property information with market context.
Built in 1921, this duplex property has substantial deferred maintenance and requires a comprehensive renovation. The existing improvement previously operated as an income-producing duplex, with potential paths that include restoring multifamily functionality or reconfiguring the property as a single-family residence, subject to zoning and governmental approvals.
The property is located at 2144 Central Avenue in Augusta, between Augusta University's Summerville Campus and the downtown Health Sciences and Georgia Cyber Center districts. Zoning is B1. Appropriate business or professional use may also be evaluated, subject to applicable approvals.
The property is located at 2144 Central Avenue in Augusta, between Augusta University's Summerville Campus and the downtown Health Sciences and Georgia Cyber Center districts. Zoning is B1. Appropriate business or professional use may also be evaluated, subject to applicable approvals.
Key Highlights
- Duplex property built in 1921
- Previously operated as an income‑producing duplex
- Substantial deferred maintenance requiring comprehensive renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,966
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,320
$299.3K
Cap Rate 7%
$213,800
$213.8K
Cap Rate 9%
$166,289
$166.3K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$23.3K $15.24/SF
− Vacancy
−$1.9K −$1.23/SF
EGI
$21.4K $14.01/SF
− OpEx
−$6.4K −$4.20/SF
NOI
$15.0K $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 Rate 5%
$299,320
Cap Rate 7%
$213,800
Cap Rate 9%
$166,289
Alternative Uses
Best Use
Multifamily LT 5
$213.8K
$187.1K – $249.4K
NOI $14,966 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$197.5K
$172.8K – $230.4K
NOI $13,823 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$481.7K
$421.5K – $562.0K
NOI $33,717 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - 1921 property with substantial deferred maintenance and potential for multifamily or single-family residential use, subject to approvals.
Where is this duplex located?
The property is located at 2144 Central Ave Augusta, GA.
What is the asking price?
The asking price for this property is $174,999.
What are key features of this property?
This property features: Duplex property built in 1921; Previously operated as an income‑producing duplex; Substantial deferred maintenance requiring comprehensive renovation
