Building Details

Year Built 1919

Listing Agency: Remax Town & Country - Murphy

Listed By: The Christi Hill Team Show Phone

Source: Christihillteam

Added: Oct 11 Last Checked: Oct 12 at 8:24PM

Report an Issue

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 Remax Town & Country - Murphy

Investment Insights

Based on property information with market context.

This 3,040-square-foot triplex at 227 Greene St. contains three furnished residential units. Built in 1919, the property is offered with the furnishings available for separate purchase; they are not included in the real estate sale.

The property is on Greene Street in downtown Augusta, within minutes of the Augusta Riverwalk and Augusta Common. The property is also being marketed alongside 1118 D'Antignac Street, with package and individual offers both under consideration.

Key Highlights

• Three residential units in a 3,040‑square‑foot triplex
• Built in 1919
• Furnished units; furnishings may be purchased separately and are excluded from the real property sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,814

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$596,280 $596.3K

Cap Rate 7%

$425,914 $425.9K

Cap Rate 9%

$331,267 $331.3K

Market Conditions

NOI Build-Up for 3,040 SF

Gross rent

$46.3K $15.24/SF

− Vacancy

−$3.7K −$1.23/SF

EGI

$42.6K $14.01/SF

− OpEx

−$12.8K −$4.20/SF

NOI

$29.8K $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%

$596,280

Cap Rate 7%

$425,914

Cap Rate 9%

$331,267

Alternative Uses

Best Use

Multifamily LT 5

$425.9K

$372.7K – $496.9K (±1% cap)

NOI $29,814 @ 7.0% cap · market cap 7.85%

Second Best

Apartment 5plus

$393.4K

$344.2K – $459.0K (±1% cap)

NOI $27,538 @ 7.0% cap · market cap 7.25%

Theoretical Best

Office A

$959.5K

$839.6K – $1.12M (±1% cap)

NOI $67,168 @ 7.0% cap · market cap 17.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Auto Parts Store Grocery & Convenience Store Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

750

Businesses Nearby

Explore this area Business Placement

Demographics for 30901, GA

15,978

Population

8,848

Households

1.8

Avg Household Size

38

Median Age

13%

College-Educated

76%

High-School Grad

17.6 sq mi

ZIP Area

908

Density / Sq Mi

$23,019

Median Household Income

$24,349

Median Earnings

$805

Median Rent

$92,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Triplex with Front Porch

2220 Queens Way, Augusta, GA 30904

$365,000

3,071 SF

View details

Triplex with Separate Front Home

1526 Stovall Street, Augusta, GA 30904

$325,000

2,805 SF

View details

Triplex with Owner-Occupant Home

1526 Stovall Street #A, B, C, Augusta, GA 30904

$325,000

View details

Triplex with Owner-Occupant Residence

1526 Stovall Street #A, B & C (2), Augusta, GA 30904

$325,000

View details

Occupied Triplex

2407 Wrightsboro Road, Augusta, GA 30904

$465,000

3,327 SF

View details

Historic Triplex with Updated Kitchen

211 Broad St, Augusta, GA 30901

$340,000

2,552 SF

View details

Updated Three-Unit Triplex

305 Walker St, Augusta, GA 30901

$285,000

2,114 SF

View details

Five-Unit Apartment Property

1712 Central Ave, Augusta, GA 30904

$415,000

3,160 SF

View details

Grocery Store with Refrigeration Equipment

3028 Deans Bridge Road, Augusta, GA 30906

$380,000

3,500 SF

View details

Updated Brick Quadplex

1504 Heard Avenue, Augusta, GA 30904

$439,000

3,360 SF

View details

Office Building with Private Suites

2320 Wrightsboro Road, Augusta, GA 30904

$485,000

3,230 SF

View details

Renovated Duplex with Rental Units

940 Heard Avenue, Augusta, GA 30904

$385,000

2,355 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Three furnished apartments offer a ready configuration for residential rental use.

Where is this triplex located?

The property is located at 227 Greene St Augusta, GA.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: Three residential units in a 3,040‑square‑foot triplex; Built in 1919; Furnished units; furnishings may be purchased separately and are excluded from the real property sale