Tenant-Occupied Duplex
For Sale
$225,000
2412 Antebellum Drive #A, Augusta, GA 30906
Two-bedroom, two-bath unit within a duplex, within walking distance of Augusta Tech.
Property Size936 SF
Days on Market112
Property Features for 2412 Antebellum Drive #A
General Information
Standard status
Active
Size
936 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Building Details
Building Size
936 SF
Year Built
1987
Tenancy
Single
Listing Agency:
Forth & Bound Real Estate
(706) 955-3392
Listed By:
Rebecca McGinty · License #76782
Source:
Chrisleitza.kw
Added: May 11
Changed: Aug 28
Last Checked: Aug 29 at 5:48AM
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 Forth & Bound Real Estate
Investment Insights
Based on property information with market context.
Unit A is a tenant-occupied duplex residence offering two bedrooms and two bathrooms. The interior includes a spacious living room and kitchen area, providing a straightforward residential layout. The property was built in 1987.
Located at 2412 Antebellum Drive in Augusta, the property is within walking distance of Augusta Tech. Unit B is also identified as a two-bedroom, two-bath unit, giving the duplex a consistent configuration across both residences.
Located at 2412 Antebellum Drive in Augusta, the property is within walking distance of Augusta Tech. Unit B is also identified as a two-bedroom, two-bath unit, giving the duplex a consistent configuration across both residences.
Key Highlights
- Unit A in a duplex with 2 bedrooms and 2 bathrooms
- Tenant occupied
- Spacious living room and kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,179
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$183,580
$183.6K
Cap Rate 7%
$131,129
$131.1K
Cap Rate 9%
$101,989
$102.0K
Market Conditions
NOI Build-Up for 936 SF
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.
Gross rent
$14.3K $15.24/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$13.1K $14.01/SF
− OpEx
−$3.9K −$4.20/SF
NOI
$9.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$183,580
Cap Rate 7%
$131,129
Cap Rate 9%
$101,989
Alternative Uses
Best Use
Multifamily LT 5
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$121.1K
$106.0K – $141.3K
NOI $8,479 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$295.4K
$258.5K – $344.7K
NOI $20,681 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 30906, GA
58,458
Population
24,663
Households
2.4
Avg Household Size
37
Median Age
12%
College-Educated
85%
High-School Grad
86.7 sq mi
ZIP Area
674
Density / Sq Mi
$46,159
Median Household Income
$29,218
Median Earnings
$1,051
Median Rent
$115,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath unit within a duplex, within walking distance of Augusta Tech.
Where is this duplex located?
The property is located at 2412 Antebellum Drive #A Augusta, GA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Unit A in a duplex with 2 bedrooms and 2 bathrooms; Tenant occupied; Spacious living room and kitchen area
