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Value-Add Multifamily | Near Fort Gordon 1931 Murphey Rd 40 Apartment Units Online Auction Sale Augusta, GA 30904
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Vistas @ 1931 offers investors the chance to acquire a value-add multifamily opportunity in Augusta’s Albion Acres neighborhood.
- Surrounded by an abundance of retailers, including Harveys Supermarkets, Dollar Tree, McDonald’s, Captain D’s, and more.
- Within a 3-mile radius, most households are owner-occupied, and spending on household items totals over $78 million, boding well for investors.
- Conveniently located with tenants in mind near US 279, which connects to Downtown Augusta in under 5 miles.
- Just a quick drive to points of interest like Fort Gordon, Wellstar MCG Health Medical Center, and Daniel Field Airport.
EXECUTIVE SUMMARY
Property tours are available on December 8th and December 12th by appointment only. Please contact the listing broker to schedule.
Vistas @ 1931 presents an exceptional investment opportunity for savvy investors looking to expand their portfolio.
Situated at 1931 Murphey Road, this well-positioned multifamily property features 40 spacious units across 36,000 square feet on two levels. Built in 1971 and consistently maintained, the brick garden-style apartment complex stands as a notable fixture in the Augusta community. The site’s nine buildings are set amid mature landscaping and established signage that create an inviting environment for residents and guests. Each unit contains two bedrooms and approximately 900 square feet, offering comfortable layouts ideal for long-term tenancy. Select apartments have been renovated with fresh paint, upgraded kitchen cabinetry, and modern appliances, appealing to today’s renters seeking updated finishes. With current occupancy at 69.2%, buyers can capitalize on a value-add strategy by renovating and leasing remaining units at local market rates.
Located in Augusta’s Albion Acres neighborhood, Vistas @ 1931 offers comfort and community among tree-lined streets. The property is 5 miles from Downtown Augusta and 8 miles from Fort Gordon, combining suburban calm with city convenience. Residents enjoy Southgate Plaza nearby, featuring shops, restaurants, and essential services. Larger retailers, including Walmart Supercenter and Augusta Mall, are just a short drive away.
Augusta is a premier market for investors to enter, as it is small yet resilient. Major employers range from the US Army Cyber Center of Excellence at Fort Gordon, Augusta University, Textron Specialized Vehicles, Cardinal Health, and Ferrera USA. The population within a 3-mile radius is steady. The Augusta Economic Development Authority projects job growth of nearly 12,000 over the next five years, alongside a population increase of more than 26,000.
Vistas @ 1931 presents an exceptional investment opportunity for savvy investors looking to expand their portfolio.
Situated at 1931 Murphey Road, this well-positioned multifamily property features 40 spacious units across 36,000 square feet on two levels. Built in 1971 and consistently maintained, the brick garden-style apartment complex stands as a notable fixture in the Augusta community. The site’s nine buildings are set amid mature landscaping and established signage that create an inviting environment for residents and guests. Each unit contains two bedrooms and approximately 900 square feet, offering comfortable layouts ideal for long-term tenancy. Select apartments have been renovated with fresh paint, upgraded kitchen cabinetry, and modern appliances, appealing to today’s renters seeking updated finishes. With current occupancy at 69.2%, buyers can capitalize on a value-add strategy by renovating and leasing remaining units at local market rates.
Located in Augusta’s Albion Acres neighborhood, Vistas @ 1931 offers comfort and community among tree-lined streets. The property is 5 miles from Downtown Augusta and 8 miles from Fort Gordon, combining suburban calm with city convenience. Residents enjoy Southgate Plaza nearby, featuring shops, restaurants, and essential services. Larger retailers, including Walmart Supercenter and Augusta Mall, are just a short drive away.
Augusta is a premier market for investors to enter, as it is small yet resilient. Major employers range from the US Army Cyber Center of Excellence at Fort Gordon, Augusta University, Textron Specialized Vehicles, Cardinal Health, and Ferrera USA. The population within a 3-mile radius is steady. The Augusta Economic Development Authority projects job growth of nearly 12,000 over the next five years, alongside a population increase of more than 26,000.
MATTERPORT 3D TOUR
Matterport Tour
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.22 AC |
| Sale Condition | Auction Sale | Building Size | 36,000 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 69% |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Apartment Style | Garden | Parcel Number | 0713192000 |
| Building Class | C | ||
| Zoning | R-3B | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 69% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | R-3B |
| Parcel Number | 0713192000 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
SALE ADVISOR
SALE ADVISOR
Lee Malchow, Vice President
Lee became a valued member of The Palomar Group in 2018, contributing to transactions exceeding $500 million during his tenure. Specializing in multifamily and retail dispositions and acquisitions, Lee‘s expertise extends to secondary and tertiary markets across the Southeast, with additional experience in the Northeast and Midwest.
Before joining Palomar, Lee honed his skills at Georgia-Pacific’s corporate real estate group, focusing on industrial and office leases, dispositions, and buy vs. lease analysis. He later transitioned to the credit group, overseeing accounts receivable for high-risk customers. Lee spent three years in the asset-based lending group at SunTrust Robinson Humphrey as a loan portfolio and business development analyst.
A 2010 graduate of Wake Forest University, Lee holds an MBA from the University of Georgia. During his time at Wake Forest, he was a 4-year letterman on the football team, playing linebacker and special teams.
Lee, alongside his wife Kristin, is an active member of St. Mary’s on the Hill Catholic Church. Engaging in the community, he is a proud member of the Augusta Exchange Club and Masters Scoring Committee. Lee and Kristin are blessed with two sons, Michael and James.
Before joining Palomar, Lee honed his skills at Georgia-Pacific’s corporate real estate group, focusing on industrial and office leases, dispositions, and buy vs. lease analysis. He later transitioned to the credit group, overseeing accounts receivable for high-risk customers. Lee spent three years in the asset-based lending group at SunTrust Robinson Humphrey as a loan portfolio and business development analyst.
A 2010 graduate of Wake Forest University, Lee holds an MBA from the University of Georgia. During his time at Wake Forest, he was a 4-year letterman on the football team, playing linebacker and special teams.
Lee, alongside his wife Kristin, is an active member of St. Mary’s on the Hill Catholic Church. Engaging in the community, he is a proud member of the Augusta Exchange Club and Masters Scoring Committee. Lee and Kristin are blessed with two sons, Michael and James.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Victoria Quade
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value-Add Multifamily | Near Fort Gordon | 1931 Murphey Rd
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Value-Add Multifamily | Near Fort Gordon | 1931 Murphey Rd
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