Three-Unit Residential
For Sale
$465,000
2407 Wrightsboro Rd, Augusta, GA 30904
All three residences are occupied, with a mix of two-bedroom, one-bedroom, and studio layouts.
Property Size3,327 SF
Price / SF$139.77
Days on Market11
Property Features for 2407 Wrightsboro Rd
General Information
Standard status
Active
Size
3,327 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Building Details
Year Built
1906
Listing Agency:
Re/max True Advantage
Listed By:
Joseph Ryan Merritt · License #378883
(706) 863-8953
Source:
Searchgreateraugustahomes
Added: Oct 4
Changed: Oct 11
Last Checked: Oct 12 at 8:38PM
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 Re/max True Advantage
Investment Insights
Based on property information with market context.
This 3,327-square-foot triplex in Augusta, Georgia, contains three residences: a two-bedroom, two-bathroom unit, a one-bedroom, one-bathroom unit, and a studio. The property was built in 1906, and all three units are occupied.
The property is near the VA Medical Center, Augusta University, hospitals, shopping, and restaurants.
The property is near the VA Medical Center, Augusta University, hospitals, shopping, and restaurants.
Key Highlights
- Three residential units: 2BR/2BA, 1BR/1BA, and studio
- 3,327 square feet
- All three units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,628
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,560
$652.6K
Cap Rate 7%
$466,114
$466.1K
Cap Rate 9%
$362,533
$362.5K
Market Conditions
NOI Build-Up for 3,327 SF
Gross rent
$50.7K $15.24/SF
− Vacancy
−$4.1K −$1.23/SF
EGI
$46.6K $14.01/SF
− OpEx
−$14.0K −$4.20/SF
NOI
$32.6K $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%
$652,560
Cap Rate 7%
$466,114
Cap Rate 9%
$362,533
Alternative Uses
Best Use
Multifamily LT 5
$466.1K
$407.9K – $543.8K
NOI $32,628 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$430.5K
$376.7K – $502.3K
NOI $30,138 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.05M
$918.9K – $1.23M
NOI $73,509 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
912
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
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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 - All three residences are occupied, with a mix of two-bedroom, one-bedroom, and studio layouts.
Where is this triplex located?
The property is located at 2407 Wrightsboro Rd Augusta, GA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three residential units: 2BR/2BA, 1BR/1BA, and studio; 3,327 square feet; All three units are occupied
