Brick Duplex with
For Sale
$215,000
2210 -2212 Central Avenue, Augusta, GA 30904
Residential Income, Augusta, GA
Property Size1,144 SF
Lot Size0.17 Acres
Price / SF$187.94
Days on Market290
Property Features for 2210 -2212 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Carport
Subdivision
Not In Subdivision
Elementary school
Monte Sano
Middle school
Tutt
High school
Richmond Academy
Directions
Central Avenue near the corner of Milledge. Access thru rear alley.
Standard status
Active
APN
0442245000
Size
1,144 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Deed Book 1897 Page 0543
Legal Description
Deed Book 1897 Page 0543
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Building materials
Brick, Stucco
Roof type
Shingle
Listing Agency:
Blanchard & Calhoun - Evans
(706) 868-1000
Listed By:
Trulock Group · License #302679
(706) 267-1269
Added: Nov 13, 2025
Changed: Aug 20
Last Checked: Aug 30 at 2:06AM
MLS# 98254141
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 duplex at 2210–2212 Central Avenue includes 1,144 square feet within a two-unit residential configuration. One side is vacant and the other is occupied. The building was constructed in 1960 with brick and stucco exterior materials, a shingle roof, and carport parking. Heating is provided by natural gas and wall furnaces, while cooling is handled by window or wall/window units.
The property is located in Augusta, Georgia, and carries R-3 zoning. Public water and public sewer serve the property, with cable availability also noted. The recorded room layout includes two bedrooms and two bathrooms. The address is in ZIP Code 30904, within Richmond County.
The property is located in Augusta, Georgia, and carries R-3 zoning. Public water and public sewer serve the property, with cable availability also noted. The recorded room layout includes two bedrooms and two bathrooms. The address is in ZIP Code 30904, within Richmond County.
Key Highlights
- Duplex configuration with one vacant side and one occupied side
- 1144 square feet on a 0.172‑acre lot
- R‑3 zoning in Augusta, GA 30904
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
$11,219
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
5.22%
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%
$224,380
$224.4K
Cap Rate 7%
$160,271
$160.3K
Cap Rate 9%
$124,656
$124.7K
Market Conditions
NOI Build-Up for 1,144 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
$17.4K $15.24/SF
− Vacancy
−$1.4K −$1.23/SF
EGI
$16.0K $14.01/SF
− OpEx
−$4.8K −$4.20/SF
NOI
$11.2K $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%
$224,380
Cap Rate 7%
$160,271
Cap Rate 9%
$124,656
Alternative Uses
Best Use
Multifamily LT 5
$160.3K
$140.2K – $187.0K
NOI $11,219 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$148.0K
$129.5K – $172.7K
NOI $10,363 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$361.1K
$316.0K – $421.3K
NOI $25,276 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,158
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one vacant side and one occupied side.
Where is this duplex located?
The property is located at 2210 -2212 Central Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex configuration with one vacant side and one occupied side; 1144 square feet on a 0.172‑acre lot; R‑3 zoning in Augusta, GA 30904
