Two-Unit Duplex with Detached
For Sale
$249,000
260 Broad St, Augusta, GA 30901
Separate electric meters, a fenced rear yard, and a detached garage support the property's two-unit configuration.
Property Size1,896 SF
Price / SF$131.33
Days on Market15
Property Features for 260 Broad St
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Old Town
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
electric
Amenities
hardwood floors
fenced yard
detached garage
Building Details
Year Built
1918
Construction
stucco
Listing Agency:
Meybohm Commercial Properties
Listed By:
Danielle Meikrantz · License #401159
(706) 284-8359
Source:
Augustaaikenhomefinder
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 3 at 3:03PM
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 Meybohm Commercial Properties
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Investment Insights
Based on property information with market context.
This 1,896-square-foot duplex contains two one-bedroom, one-bathroom apartments, with one unit on each floor. Original hardwood floors remain in both apartments, and the lower unit has been updated. Both HVAC systems were replaced in 2022. Electric service is separately metered for each unit, while water is shared. The property was built in 1918.
A fenced yard sits behind the building, with a detached garage providing additional storage. The property is at 260 Broad St in Augusta, Georgia, near Broad Street restaurants and shops and the Augusta Riverwalk.
A fenced yard sits behind the building, with a detached garage providing additional storage. The property is at 260 Broad St in Augusta, Georgia, near Broad Street restaurants and shops and the Augusta Riverwalk.
Key Highlights
- Two 1 bed/1 bath units across 1,896 square feet
- One apartment upstairs and one downstairs
- Original hardwood floors in both units; downstairs apartment updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,594
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,880
$371.9K
Cap Rate 7%
$265,629
$265.6K
Cap Rate 9%
$206,600
$206.6K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$28.9K $15.24/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$26.6K $14.01/SF
− OpEx
−$8.0K −$4.20/SF
NOI
$18.6K $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%
$371,880
Cap Rate 7%
$265,629
Cap Rate 9%
$206,600
Alternative Uses
Best Use
Multifamily LT 5
$265.6K
$232.4K – $309.9K
NOI $18,594 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$245.4K
$214.7K – $286.3K
NOI $17,175 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$598.5K
$523.7K – $698.2K
NOI $41,892 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,117
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters, a fenced rear yard, and a detached garage support the property's two-unit configuration.
Where is this duplex located?
The property is located at 260 Broad St Augusta, GA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two 1 bed/1 bath units across 1,896 square feet; One apartment upstairs and one downstairs; Original hardwood floors in both units; downstairs apartment updated
