Multifamily Property for Sale in Augusta, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Augusta, GA 30906

Description

Marcus & Millichap is pleased to present Sherwood Glen, a 76-unit multifamily investment opportunity located in Augusta, Georgia. Constructed in 1989. Augusta’s diverse employment base and steady population drivers continue to underpin consistent rental demand. The Augusta apartment market recorded one of the nation’s largest revenue increases in September 2025. At 5.2%, annual revenue growth in Augusta, which has about 34,100 existing units, ranked #4 among the nation’s 150 largest apartment markets and was the highest increase across the Southeast. With its blend of affordability, economic diversity, and development momentum, Augusta stands out as a strong alternative to saturated primary markets. Sherwood Glen offers a compelling value-add opportunity with in-place rents below prevailing market levels, providing investors a clear path to increasing net operating income. Upside can be achieved through strategic interior renovations, improved curb appeal, and more efficient property management practices, all of which can support higher rental rates and enhanced tenant retention. Select capital improvements and operational enhancements allow a new owner to modernize the asset while maintaining strong occupancy, positioning the property for sustained cash flow growth, improved operating margins, and long-term appreciation. Investment Highlights: • Value-Add Through Renovating 15 Heavy Turn Units and 10 Light/Medium Turn Units. • Below-Market Rents Provide a Clear Path to Revenue Growth Through Renovations and Improved Operations. • Augusta's Stable Employment Base Supports Consistent Occupancy and Long-Term Rental Demand. • The 76-Unit Scale Allows for Operational Efficiencies While Remaining Attractive to a Wide Investor Pool.

Market Context

This multifamily in Augusta, GA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Augusta, GA — <a href="/search/sale/multifamily/georgia/augusta">view the full market</a>.

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