Three-Unit Triplex with
New
For Sale
$380,000
227 Greene Street, Augusta, GA 30901
Residential Income, Augusta, GA
Property Size3,040 SF
Lot Size0.16 Acres
Price / SF$125
Days on Market2
Property Features for 227 Greene Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Parking features
On Street
Patio and Porch features
Porch
Interior features
High Ceilings
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Subdivision
Old Towne
Elementary school
Hornsby
Middle school
Hornsby WS
High school
Lucy Laney
Directions
From I-20, take Exit 199 (Washington Rd/GA-28) east toward downtown. Continue to Broad Street and head east approximately one mile. Turn south onto 3rd Street, then right onto Greene Street. The property is on the 200 block between 2nd and 3rd Streets, along the landmark Greene Street median.
Standard status
Active
APN
0474019000
Size
3,040 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
227 GREENE ST, Land Lot 1702-R00-FF, Olde Town neighborhood
Tax Annual Amount
3465
Legal Description
227 GREENE ST, Land Lot 1702-R00-FF, Olde Town neighborhood
Utilities
Sewer type
Public Sewer
Heating system
Fireplace Insert, Fireplace(s), Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1919
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Carpet
Building materials
Vinyl Siding, Wood Frame
Roof type
Metal
Listing Agency:
Realty One Group Visionaries
(706) 945-1267
Listed By:
Oronde A Grant · License #383492
(706) 631-4544
Added: Oct 9
Last Checked: Oct 10 at 9:06AM
MLS# 100609521
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 3,040-square-foot triplex contains three residences and dates to 1919. Interior features include high ceilings, hardwood and carpet flooring, and fireplaces; exterior features include balconies and a porch. The property occupies 0.16 acres and is zoned R3. Furnishings are not included with the real property but may be purchased separately.
At 227 Greene Street, the property sits on the Greene Street corridor in downtown Augusta. The Augusta Riverwalk and Augusta Common are among the nearby destinations. Public water and sewer serve the property.
At 227 Greene Street, the property sits on the Greene Street corridor in downtown Augusta. The Augusta Riverwalk and Augusta Common are among the nearby destinations. Public water and sewer serve the property.
Key Highlights
- Three residences in a 3,040‑square‑foot building
- 0.16‑acre lot with R3 zoning
- Built in 1919
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
NOI $29,814 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$393.4K
$344.2K – $459.0K
NOI $27,538 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$959.5K
$839.6K – $1.12M
NOI $67,168 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - The three residences have furnished interiors; furnishings may be purchased separately from the real property.
Where is this triplex located?
The property is located at 227 Greene Street 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 residences in a 3,040‑square‑foot building; 0.16‑acre lot with R3 zoning; Built in 1919
