Quadplex With Separate Laundry
For Sale
$349,000
Pending
305 1st Street, Augusta, GA 30901
Three of four units are leased, with laundry hookups provided in every unit.
Property Size3,256 SF
Days on Market113
Property Features for 305 1st Street
General Information
Standard status
Pending
Size
3,256 SF
Property subtype
Quadruplex
Building Details
Building Size
3,256 SF
Year Built
1953
Listing Agency:
Rosco Real Estate, LLC
(706) 916-6416
Listed By:
Betsey W Davis · License #368693
(706) 916-6416
Source:
Chrisleitza.kw
Added: May 11
Changed: Aug 30
Last Checked: Aug 31 at 12:40PM
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 Rosco Real Estate, LLC
Investment Insights
Based on property information with market context.
This quadplex comprises two duplex buildings totaling four residential units. The first building at 305 and 307 1st St. contains two 750-square-foot units, each configured with two bedrooms and one bathroom. The second building at 104 and 106 Ellis St. offers two 775-square-foot units, each with one bedroom and one bathroom. Every unit includes washer and dryer hookups, and the property was built in 1953.
Three units are currently leased. An additional laundry facility remains unused and may offer a possible path to expanded residential or commercial use, subject to planning and zoning verification. The property also includes access to an onsite laundry structure separate from the four units.
The location provides access to Downtown, the Medical district, the Savannah River, and North Augusta. The Riverwalk expansion and Zipline project are within walking distance, according to the property information.
Three units are currently leased. An additional laundry facility remains unused and may offer a possible path to expanded residential or commercial use, subject to planning and zoning verification. The property also includes access to an onsite laundry structure separate from the four units.
The location provides access to Downtown, the Medical district, the Savannah River, and North Augusta. The Riverwalk expansion and Zipline project are within walking distance, according to the property information.
Key Highlights
- Four total units across two duplex buildings
- Three of four units currently leased
- Two 750‑square‑foot units with 2 bedrooms and 1 bathroom each
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
$31,932
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
9.15%
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%
$638,640
$638.6K
Cap Rate 7%
$456,171
$456.2K
Cap Rate 9%
$354,800
$354.8K
Market Conditions
NOI Build-Up for 3,256 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
$49.6K $15.24/SF
− Vacancy
−$4.0K −$1.23/SF
EGI
$45.6K $14.01/SF
− OpEx
−$13.7K −$4.20/SF
NOI
$31.9K $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%
$638,640
Cap Rate 7%
$456,171
Cap Rate 9%
$354,800
Alternative Uses
Best Use
Multifamily LT 5
$456.2K
$399.2K – $532.2K
NOI $31,932 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$421.3K
$368.7K – $491.6K
NOI $29,494 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.03M
$899.3K – $1.20M
NOI $71,941 @ 7.0% cap · market cap 20.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three of four units are leased, with laundry hookups provided in every unit.
Where is this quadplex located?
The property is located at 305 1st Street Augusta, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Four total units across two duplex buildings; Three of four units currently leased; Two 750‑square‑foot units with 2 bedrooms and 1 bathroom each
