Updated Triplex with Historic
For Sale
$285,000
305 Walker Street, Augusta, GA 30901
Residential Income, Augusta, GA
Property Size2,114 SF
Lot Size0.23 Acres
Price / SF$134.82
Days on Market920
Property Features for 305 Walker Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
Subdivision
Old Towne
Elementary school
Hornsby
Middle school
Hornsby WS
High school
Lucy Laney
Directions
Historic Old Towne, Gordon Hwy to Walton Way right, left on 3rd St then left on Walker house on right across from Thankful Baptist Church
Standard status
Active
APN
0474192000
Size
2,114 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1712
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1906
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Re/max True Advantage
(706) 922-9292
Listed By:
Wendy Denise Daniels · License #SC91300
(770) 715-8805
Added: Apr 8, 2024
Changed: Oct 11
Last Checked: Oct 14 at 5:06AM
MLS# 98204861
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2114-square-foot triplex contains three distinct residences: a two-bedroom, one-bath unit, a one-bedroom, one-bath unit, and a studio with a compact full kitchen. Recent improvements include new paint, flooring, and appliances throughout the property. High ceilings, crown molding, and vinyl siding remain part of the building’s character, which dates to 1906.
The property is positioned near downtown dining, Augusta’s Medical District, and the Cyber Center. Access to Aiken/Augusta Hwy and Bobby Jones is also noted. Public water and public sewer serve the property, while cable service is available. The lot measures 0.23 acres, and each unit is currently occupied.
The property is positioned near downtown dining, Augusta’s Medical District, and the Cyber Center. Access to Aiken/Augusta Hwy and Bobby Jones is also noted. Public water and public sewer serve the property, while cable service is available. The lot measures 0.23 acres, and each unit is currently occupied.
Key Highlights
- Three occupied units with a two‑bedroom, one‑bath; one‑bedroom, one‑bath; and studio configuration
- 2114 square feet across the triplex
- Recent updates include paint, flooring, and appliances in all units
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
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
NOI $20,732 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$273.6K
$239.4K – $319.2K
NOI $19,150 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$667.3K
$583.9K – $778.5K
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
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences offer a varied unit mix, refreshed interiors, and convenient access to downtown Augusta.
Where is this triplex located?
The property is located at 305 Walker Street 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: Three occupied units with a two‑bedroom, one‑bath; one‑bedroom, one‑bath; and studio configuration; 2114 square feet across the triplex; Recent updates include paint, flooring, and appliances in all units
