Updated Three-Unit
For Sale
$290,000
305 Walker St, Augusta, GA 30901
Occupied residences offer varied layouts, recent improvements, and historic architectural details.
Property Size2,114 SF
Price / SF$137.18
Days on Market43
Property Features for 305 Walker St
General Information
Standard status
Active
Size
2,114 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1906
Listing Agency:
Re/max True Advantage
(770) 715-8805
Listed By:
Wendy Denise Daniels · License #SC91300
Source:
Bradberrygarnerrealestate
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 7:19PM
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.
Built in 1906, this 2,114-square-foot triplex contains three occupied residences with distinct configurations. Unit A provides two bedrooms and one bathroom, Unit B includes one bedroom and one bathroom, and Unit C is a studio with a full small kitchen. Recent improvements include interior paint, flooring, and appliances across all units.
The property is located at 305 Walker St in Augusta, Georgia, with access to downtown dining, the Medical District, and the Cyber Center. Aiken/Augusta Highway and Bobby Jones are also identified as convenient access points. High ceilings and crown molding add period character throughout the building.
The property is located at 305 Walker St in Augusta, Georgia, with access to downtown dining, the Medical District, and the Cyber Center. Aiken/Augusta Highway and Bobby Jones are also identified as convenient access points. High ceilings and crown molding add period character throughout the building.
Key Highlights
- 2,114‑square‑foot triplex built in 1906
- Three occupied units with two‑bedroom, one‑bedroom, and studio layouts
- Unit A includes 2 bedrooms and 1 bath
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
$20,732
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
7.15%
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%
$414,640
$414.6K
Cap Rate 7%
$296,171
$296.2K
Cap Rate 9%
$230,356
$230.4K
Market Conditions
NOI Build-Up for 2,114 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
$32.2K $15.24/SF
− Vacancy
−$2.6K −$1.23/SF
EGI
$29.6K $14.01/SF
− OpEx
−$8.9K −$4.20/SF
NOI
$20.7K $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%
$414,640
Cap Rate 7%
$296,171
Cap Rate 9%
$230,356
Alternative Uses
Best Use
Multifamily LT 5
$296.2K
$259.2K – $345.5K
NOI $20,732 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$273.6K
$239.4K – $319.2K
NOI $19,150 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$667.3K
$583.9K – $778.5K
NOI $46,708 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,076
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
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Frequently Asked Questions
What type of property is this?
Triplex - Occupied residences offer varied layouts, recent improvements, and historic architectural details.
Where is this triplex located?
The property is located at 305 Walker St Augusta, GA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2,114‑square‑foot triplex built in 1906; Three occupied units with two‑bedroom, one‑bedroom, and studio layouts; Unit A includes 2 bedrooms and 1 bath
