Renovated Duplex in Augusta,
940 Heard Avenue Augusta, GA 30904
MULTI_FAMILY - Augusta, GA
Property size:
2,355 SFLot size:
0.33 AcresPrice / SF:
$169/SF- Added:
- Apr 2, 2026
- Days on Market:
- 100
- Last Refresh:
- Jul 10 at 9:06 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 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 5
- 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
Listing agent Brigid Paulk License #425309 (706) 284-3152
Listing office Blanchard & Calhoun - SN 601 Scott Nixon, Augusta, GA (706) 863-8953
Listing date Apr 2, 2026
MLS# 98255775
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.
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 property size is 2355 square feet. This property offers location, lifestyle, and income potential.
Key Highlights
- Fully renovated duplex with successful short‑term rental operations
- Unit 1: 3 bed, 1 bath with an updated kitchen and bright living areas
- Unit 2: 1 bed, 1 bath for additional rental income
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 | $35.9k | $15.24 |
| − Vacancy | −$2.9k | −$1.23 |
| EGI | $33.0k | $14.01 |
| − OpEx | −$9.9k | −$4.20 |
| NOI | $23.1k | $9.81 |
2,355 SF · lease $15.24/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.7K – $384.9K
NOI $23,096 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,333 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,033 @ 7.0% cap · market cap 13.04%
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?
Duplex - Turnkey duplex with income potential in Augusta, Georgia.
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 $399,000.
What are key features of this property?
This property features: Fully renovated duplex with successful short‑term rental operations; Unit 1: 3 bed, 1 bath with an updated kitchen and bright living areas; Unit 2: 1 bed, 1 bath for additional rental income
