Triplex Income
2220 Queens Way, Augusta, GA 30904
MULTI_FAMILY - Augusta, GA
Property size:
3,071 SFLot size:
0.25 AcresPrice / SF:
$122/SF- Added:
- Jun 1, 2026
- Days on Market:
- 26
- Last Refresh:
- Jun 26 at 1:06 pm
Property Features for 2220 Queens Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2
- Parking features
- On Street
- Patio and Porch features
- Porch
- Interior features
- Wash/Dry Connect, Ceiling Fan(s), Blinds/Shades, Eat-in Kitchen
- Appliances
- Electric Oven, Electric Cooktop, Refrigerator, Range, Dishwasher
- Standard status
- Active
- APN
- 0441184000
- Size
- 3,071 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 3E1223 - 3E1223 MCDOWELL ST_KINGS WAY
- Tax Annual Amount
- 3791
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Wood
- Building materials
- Wood Siding, Wood Frame
- Roof type
- Composition
Listing agent Wendy Denise Daniels License #SC91300 (770) 715-8805
Listing office Re/max True Advantage 677 Kemper Drive, EVANS, GA (706) 922-9292
Listing date Jun 1, 2026
MLS# 100578214
Listing URL
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.
HighLights
- Triplex built in 1908 in Augusta’s Historic Summerville District
- Two of the three units are already occupied, with the third unit available to move in or rent
- Central air and forced‑air natural gas heating
- Eat‑in kitchen with electric oven, electric cooktop, refrigerator, dishwasher, and range
- Wood siding and composition roof
- Public water and public sewer; cable available; on‑street parking; porch
Overview
This for-sale triplex features three residential units on an approximately 0.25-acre lot, totaling about 3,071 square feet. Per the seller’s remarks, two of the three units are already occupied, with the third unit available for an owner-occupant or for lease. The property is presented as an income-producing residential investment within a flexible owner-and-tenant setup.
The address is 2220 Queens Way in Augusta, Georgia, 30904. The property is described as being less than a mile from Augusta University and the surrounding Medical District, positioning it for tenants who prefer proximity to employment and education. The listing also references the Historic Summerville District and its established residential character.
For tenants and buyers, the structure supports both steady occupancy and hands-on use, depending on which unit you choose for yourself. With two units already occupied, the triplex can accommodate an owner’s plan to live in the remaining unit or maintain it as a rental. As zoned R3, the property is offered as a residential income option in Richmond County for buyers evaluating a triplex layout and a multi-unit living arrangement.
The address is 2220 Queens Way in Augusta, Georgia, 30904. The property is described as being less than a mile from Augusta University and the surrounding Medical District, positioning it for tenants who prefer proximity to employment and education. The listing also references the Historic Summerville District and its established residential character.
For tenants and buyers, the structure supports both steady occupancy and hands-on use, depending on which unit you choose for yourself. With two units already occupied, the triplex can accommodate an owner’s plan to live in the remaining unit or maintain it as a rental. As zoned R3, the property is offered as a residential income option in Richmond County for buyers evaluating a triplex layout and a multi-unit living arrangement.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $15.24 |
| − Vacancy | −$3.8k | −$1.23 |
| EGI | $43.0k | $14.01 |
| − OpEx | −$12.9k | −$4.20 |
| NOI | $30.1k | $9.81 |
3,071 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.3K
$376.5K – $502.0K
NOI $30,118 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$397.4K
$347.7K – $463.7K
NOI $27,819 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$969.3K
$848.2K – $1.13M
NOI $67,853 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Columbia
- State
- Georgia
- Longitude
- -82.019278
- Latitude
- 33.471213
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit R3 triplex with two occupied units and a third available for move-in or lease in Augusta.
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 $375,000.
What are key features of this property?
This property features: Triplex built in 1908 in Augusta’s Historic Summerville District; Two of the three units are already occupied, with the third unit available to move in or rent; Central air and forced‑air natural gas heating
