R3-Zoned
New
For Sale
$365,000
2220 Queens Way, Augusta, GA 30904
Two residences are occupied, while the third is available for occupancy or leasing.
Property Size3,071 SF
Days on Market3
Property Features for 2220 Queens Way
General Information
Standard status
Active
Size
3,071 SF
Property subtype
Multi-Family
Zoning
R3
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,790
Building Details
Building Size
3,071 SF
Year Built
1908
Stories
2
Listing Agency:
CAROLINA EAST REALTY
(888) 584-9431
Listed By:
Elle Finnigan
(336) 503-7879
Source:
Hamiltonrealtygroupnc
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 5:18PM
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 CAROLINA EAST REALTY
Investment Insights
Based on property information with market context.
This R3-zoned triplex was built in 1908 and contains three units. Two units are occupied, and the remaining unit can be occupied or leased.
The property is at 2220 Queens Way in Augusta, less than one mile from Augusta University and the Medical District.
The property is at 2220 Queens Way in Augusta, less than one mile from Augusta University and the Medical District.
Key Highlights
- Three‑unit residential property
- Two units currently occupied
- One unit available for occupancy or leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,118
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,360
$602.4K
Cap Rate 7%
$430,257
$430.3K
Cap Rate 9%
$334,644
$334.6K
Market Conditions
NOI Build-Up for 3,071 SF
Gross rent
$46.8K $15.24/SF
− Vacancy
−$3.8K −$1.23/SF
EGI
$43.0K $14.01/SF
− OpEx
−$12.9K −$4.20/SF
NOI
$30.1K $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%
$602,360
Cap Rate 7%
$430,257
Cap Rate 9%
$334,644
Alternative Uses
Best Use
Multifamily LT 5
$430.3K
$376.5K – $502.0K
NOI $30,118 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$397.4K
$347.7K – $463.7K
NOI $27,819 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$969.3K
$848.2K – $1.13M
NOI $67,853 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Triplex - Two residences are occupied, while the third is available for occupancy or leasing.
Where is this triplex located?
The property is located at 2220 Queens Way Augusta, GA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three‑unit residential property; Two units currently occupied; One unit available for occupancy or leasing
