Renovated
New
For Sale
$385,000
940 Heard Avenue, Augusta, GA 30904
Two separately configured residences provide a three-bedroom unit and a one-bedroom unit, each with one bathroom.
Property Size2,355 SF
Days on Market7
Property Features for 940 Heard Avenue
General Information
Standard status
Active
Size
2,355 SF
Property subtype
Multi-Family
Building Details
Building Size
2,355 SF
Year Built
1916
Listing Agency:
Experience Realty-Waterfront Professionals
(888) 584-9431
Listed By:
Blakley Huntley
(919) 357-7319
Source:
Hamiltonrealtygroupnc
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 3:56PM
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 Experience Realty-Waterfront Professionals
Investment Insights
Based on property information with market context.
Built in 1916, this renovated duplex at 940 Heard Avenue in Augusta has two distinct residences. One unit contains three bedrooms and one bathroom; the other has one bedroom and one bathroom. The property is currently operated as a short-term rental.
Key Highlights
- Two‑unit duplex at 940 Heard Avenue in Augusta
- Renovated property currently operated as a short‑term rental
- Unit mix: one 3‑bedroom, 1‑bath residence and one 1‑bedroom, 1‑bath residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,096
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,920
$461.9K
Cap Rate 7%
$329,943
$329.9K
Cap Rate 9%
$256,622
$256.6K
Market Conditions
NOI Build-Up for 2,355 SF
Gross rent
$35.9K $15.24/SF
− Vacancy
−$2.9K −$1.23/SF
EGI
$33.0K $14.01/SF
− OpEx
−$9.9K −$4.20/SF
NOI
$23.1K $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%
$461,920
Cap Rate 7%
$329,943
Cap Rate 9%
$256,622
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.7K – $384.9K
NOI $23,096 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,333 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,033 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences provide a three-bedroom unit and a one-bedroom unit, each with one bathroom.
Where is this duplex located?
The property is located at 940 Heard Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex at 940 Heard Avenue in Augusta; Renovated property currently operated as a short‑term rental; Unit mix: one 3‑bedroom, 1‑bath residence and one 1‑bedroom, 1‑bath residence
