Updated Triplex Near Downtown
305 Walker Street Augusta, GA 30901
MULTI_FAMILY - Augusta, GA
Property size:
2,114 SFLot size:
0.23 AcresPrice / SF:
$137/SF- Added:
- Apr 8, 2024
- Days on Market:
- 824
- Last Refresh:
- Jul 10 at 6:06 am
Property Features for 305 Walker Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 3
- 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 agent Wendy Denise Daniels License #SC91300 (770) 715-8805
Listing office Re/max True Advantage 677 Kemper Drive, EVANS, GA (706) 922-9292
Listing date Apr 8, 2024
MLS# 98204861
Listing URL
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 multifamily property in Augusta, Georgia, presents an investment opportunity with all three units currently occupied. The property features three units: Unit A is a 2-bedroom, 1-bath apartment; Unit B is a 1-bedroom, 1-bath apartment; and Unit C is a studio with a small full kitchen. The property has a total size of 2114 square feet and is situated on a 0.23-acre lot. Recent updates include new paint, flooring, and appliances in all units. High ceilings with crown molding add to the historic charm of the property. The location provides convenient access to downtown dining, the medical district, the Cyber Center, and Aiken/Augusta Highway and Bobby Jones Expressway.
Key Highlights
- 3‑unit investment property with all three units currently occupied
- Unit A: 2‑bedroom, 1‑bath; Unit B: 1‑bedroom, 1‑bath; Unit C: studio with full small kitchen
- Recent updates in all units include new paint, flooring, and appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $15.24 |
| − Vacancy | −$2.6k | −$1.23 |
| EGI | $29.6k | $14.01 |
| − OpEx | −$8.9k | −$4.20 |
| NOI | $20.7k | $9.81 |
2,114 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Updated triplex with high ceilings, close 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 $290,000.
What are key features of this property?
This property features: 3‑unit investment property with all three units currently occupied; Unit A: 2‑bedroom, 1‑bath; Unit B: 1‑bedroom, 1‑bath; Unit C: studio with full small kitchen; Recent updates in all units include new paint, flooring, and appliances
