Building Details

Year Built 1906

Listing Agency: Re/max True Advantage

Listed By: Wendy Denise Daniels · License #SC91300 Show Phone

Source: Bradberrygarnerrealestate

Added: Jul 21 Changed: Oct 9 Last Checked: Oct 7 at 4:57PM

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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.

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 / Yr

$20,732

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$414,640 $414.6K

Cap Rate 7%

$296,171 $296.2K

Cap Rate 9%

$230,356 $230.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,114 SF

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 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 (±1% cap)

NOI $20,732 @ 7.0% cap · market cap 7.27%

Second Best

Apartment 5plus

$273.6K

$239.4K – $319.2K (±1% cap)

NOI $19,150 @ 7.0% cap · market cap 6.72%

Theoretical Best

Office A

$667.3K

$583.9K – $778.5K (±1% cap)

NOI $46,708 @ 7.0% cap · market cap 16.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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 $285,000.

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