Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    940 Heard Avenue Augusta, GA 30904

    View on Map
    Claim this Listing
    For Sale
    $425,000

    MULTI_FAMILY - Augusta, GA

    Property size:
    2,355 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $180/SF
    Added:
    Apr 2, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 25 at 5:06 am

    Property Features for 940 Heard Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3
    Standard status
    Active
    APN
    0451029000
    Size
    2,355 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1916
    Number of units
    2

    We can help!

    Listing Contact
    Brigid Paulk

    Listing agent Brigid Paulk License #425309

    Listing office Blanchard & Calhoun - SN 601 Scott Nixon, Evans, GA

    Listing date Apr 2, 2026

    MLS# 554057 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.

    Overview

    Renovated Duplex in Augusta, GA

    Located at 940 Heard Avenue in Augusta, GA, this fully renovated duplex presents an opportunity for income generation. The property has been thoughtfully redesigned, blending modern finishes with functionality. Unit 1 features a 3-bedroom, 1-bath layout, including living areas and an updated kitchen. Unit 2 offers a 1-bedroom, 1-bath retreat. Currently operating as a short-term rental, this property is positioned to continue generating revenue. The property is situated on a 0.33-acre lot. The building has a total area of 2355 square feet. This property offers location, lifestyle, and income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.007603
    Latitude
    33.473359

    Nearby Similar for Sale

    • $1,495,000
      16,848 SF

      Augusta Commercial Property on Wrightsboro

      16,848 SF building on 6.43 acres near Augusta Mall.
      3513 Wrightsboro Road, Augusta, GA 30909
      View Details
    • $475,000
      8,922 SF

      Augusta Nightclub and Motel Opportunity

      Fully equipped nightclub with motel in prime Augusta location.
      127 Laney Walker Boulevard, Augusta, GA 30901
      View Details
    • $379,000
      3,256 SF

      Income-Producing Duplexes in Old Town

      Two duplexes near downtown, medical district, and Savannah River.
      305 1st Street, Augusta, GA 30901
      View Details
    • $195,900
      2,974 SF

      Commercial Property in Augusta, Georgia

      Leased commercial property with income potential in Augusta, GA.
      3090 Deans Bridge Road, Augusta, GA 30906
      View Details
    • $450,000
      4,328 SF

      Augusta Commercial Property For Sale

      Commercial property in Laney Walker revitalization district, excellent investment opportunity.
      1102 Laney Walker Boulevard, Augusta, GA 30901
      View Details
    • $1,500,000
      5,390 SF

      Augusta Retail Opportunity For Sale

      Retail property in Augusta, GA, with community business potential.
      1675 Olive Road, Augusta, GA 30904
      View Details
    • $985,000
      4,000 SF

      Historic Augusta Home with Guest Suite

      Updated historic home with investment potential in Summerville District.
      2563 Central Avenue, Augusta, GA 30904
      View Details
    • $95,900
      1,414 SF

      Functional Commercial Space in Augusta

      Versatile commercial property with private offices and income potential.
      1126 11th Street, Augusta, GA 30901
      View Details
    • $185,900
      1,900 SF

      Augusta Commercial Building For Sale

      Commercial building suitable for various business and community purposes.
      2335 Lumpkin Road, Augusta, GA 30906
      View Details
    • $325,000
      2,000 SF

      New Construction Augusta Medical District Duplex

      New construction duplex near Augusta University and Medical District.
      1424 Brown Street, Augusta, GA 30901
      View Details
    • $325,000
      8,240 SF

      Historic Church in Augusta's Enterprise

      1949 church with redevelopment potential in Augusta's Enterprise Zone.
      725 Laney Walker Boulevard, Augusta, GA 30901
      View Details
    • $235,000
      1,819 SF

      Augusta Duplex: Investment Opportunity

      Well-maintained duplex in desirable area, both units currently rented.
      146 Stoneybrooks Place, Augusta, GA 30907
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with income potential in a prime location.
    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 $425,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing duplex, ready for immediate revenue generation as a successful short‑term rental.; Fully renovated with modern finishes and functional design in both units.; Unit 1: Spacious 3 bedroom, 1 bath layout with updated kitchen.
    (706) 284-3152
    We can help!
    Listing Contact
    Brigid Paulk
    Real Estate License ID: 425309
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!