Triplex with Front
2220 Queens Way, Augusta, GA 30904
For Sale
$365,000
Residential Income, Augusta, GA
Property Size3,071 SF
Lot Size0.25 Acres
Price / SF$118.85
Days on Market167
Property Features for 2220 Queens Way
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Re/max True Advantage
(706) 922-9292
Listed By:
Wendy Denise Daniels · License SC #91300
(770) 715-8805
Added: Jun 1
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 100578214
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.
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Investment Insights
Based on property information with market context.
This three-unit residential property provides 3071 square feet on a 0.25-acre lot and was built in 1908. The layout includes bedrooms and bathrooms across the units, with eat-in kitchens, washer and dryer connections, ceiling fans, blinds or shades, wood and carpet flooring, and a front porch. Central air, natural-gas forced-air heat, public water, and public sewer serve the property. On-street parking is available, and the building includes a composition roof, wood siding, wood-frame construction, and a fireplace.
Two units are occupied, while the third is open for an owner occupant or a new renter. The property is in Augusta’s Historic Summerville District, less than a mile from Augusta University and the Medical District. R3 zoning applies, with cable service available.
Two units are occupied, while the third is open for an owner occupant or a new renter. The property is in Augusta’s Historic Summerville District, less than a mile from Augusta University and the Medical District. R3 zoning applies, with cable service available.
Key Highlights
- Three‑unit property with 3071 square feet on 0.25 acres
- Two units occupied; third unit available for owner occupancy or rental use
- Built in 1908 with a front porch and fireplace
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
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?
Triplex - Two units are occupied, while the third is available for owner occupancy or additional rental use.
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 property with 3071 square feet on 0.25 acres; Two units occupied; third unit available for owner occupancy or rental use; Built in 1908 with a front porch and fireplace
