5-Unit Apartment
For Sale
$489,000
Augusta, GA 30904, Augusta, GA 30904
Commercial Sale, Augusta, GA
Property Size3,500 SF
Lot Size0.19 Acres
Price / SF$139.71
Days on Market26
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
residential
Parking features
Parking Lot
Standard status
Active
Size
3,500 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2783
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1969
Flooring type
Hardwood
Building materials
Stucco
Roof type
Shingle
Listing Agency:
David Buck Real Estate
Listed By:
David Briggs Buck · License #99366
(706) 564-8052
Added: Sep 15
Changed: Oct 8
Last Checked: Oct 10 at 7:06AM
MLS# 100603970
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 5-unit apartment building contains 3,500 square feet across one structure on a 0.19-acre parcel. Built in 1969, it has stucco exterior walls, hardwood flooring, a shingle roof, central air, and forced-air electric heating. The five residential units are currently rented, and the property is fully occupied.
The property is in Augusta’s medical district. Public water service and cable availability are noted, and the site includes a parking lot.
The property is in Augusta’s medical district. Public water service and cable availability are noted, and the site includes a parking lot.
Key Highlights
- Five residential units in one building
- All five units are currently rented
- 3,500 square feet on a 0.19‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,705
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,100
$634.1K
Cap Rate 7%
$452,929
$452.9K
Cap Rate 9%
$352,278
$352.3K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$63.0K $18.00/SF
− Vacancy
−$5.4K −$1.53/SF
EGI
$57.6K $16.47/SF
− OpEx
−$25.9K −$7.41/SF
NOI
$31.7K $9.06/SF
Area
Augusta, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,100
Cap Rate 7%
$452,929
Cap Rate 9%
$352,278
Alternative Uses
Best Use
Apartment 5plus
$452.9K
$396.3K – $528.4K
NOI $31,705 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$966.7K – $1.29M
NOI $77,332 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
797
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?
Apartment building - Five residences are currently leased, with central air and forced-air electric heating.
Where is this apartment building located?
The property is located at Augusta, GA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Five residential units in one building; All five units are currently rented; 3,500 square feet on a 0.19‑acre parcel
