This beautiful property is a turnkey, Housing Authority-approved duplex offering solid returns, low maintenance, and reliable tenants. Each unit features 2 bedrooms and 1 bathroom, making it an ideal setup for long-term rental income. This income-producing property brings in 1,880 dollars per month in rent (970 + 910). One unit has a brand-new 1-year lease; the other is month-to-month. Owner pays no utilities. Gross annual rent totals 22,560 dollars, with estimated yearly expenses (including taxes and insurance) at just 2,000 dollars. That results in a projected net operating income of 20,560 dollars and a strong 10.2% cap rate—a solid return for any investor. Both 700 sq ft units have been recently renovated and feature new HVAC systems and a new roof — minimizing future capital costs. Total building size is approximately 1,400 sq ft. Ideal for investors seeking strong, stable returns. This one checks all the boxes — renovated, fully leased, and cash flowing. Call now to view! This won't last long!
Multi-familyProperty Type
1952Year Built
10,454 sq ftLot Size
$122Est. Price/Sq.Ft.
Listed by Tasha Smith• EXP Realty, LLC
Bought with Billy Holton• Keller Williams Realty Augusta Partners
This beautiful property is a turnkey, Housing Authority-approved duplex offering solid returns, low maintenance, and reliable tenants. Each unit features 2 bedrooms and 1 bathroom, making it an ideal setup for long-term rental income. This income-producing property brings in 1,880 dollars per month in rent (970 + 910). One unit has a brand-new 1-year lease; the other is month-to-month. Owner pays no utilities. Gross annual rent totals 22,560 dollars, with estimated yearly expenses (including taxes and insurance) at just 2,000 dollars. That results in a projected net operating income of 20,560 dollars and a strong 10.2% cap rate—a solid return for any investor. Both 700 sq ft units have been recently renovated and feature new HVAC systems and a new roof — minimizing future capital costs. Total building size is approximately 1,400 sq ft. Ideal for investors seeking strong, stable returns. This one checks all the boxes — renovated, fully leased, and cash flowing. Call now to view! This won't last long!
Hive MLS #545198
Jul 31, 2025
Listed
$169,900
$121/sq ft
Hive MLS #98205457
Jul 31, 2025
Listed
$169,900
$121/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,984 (+15.6%)
$5,200 + $31,914
$37,114
2024
$1,717
$3,960 + $32,040
$36,000
2023
$1,718 (+19.4%)
$5,200 + $34,284
$39,484
2022
$1,439 (−13.6%)
$5,200 + $20,968
$26,168
2021
$1,666 (+1.1%)
$5,200 + $26,026
$31,226
2020
$1,648 (−4.0%)
$5,200 + $26,026
$31,226
2019
$1,716 (−0.5%)
$5,200 + $26,026
$31,226
2018
$1,725 (+2.7%)
$5,200 + $26,026
$31,226
2017
$1,679
$5,200 + $26,026
$31,226
2016
$1,679 (−0.4%)
$5,200 + $26,026
$31,226
2014
$1,686
$5,200 + $25,934
$31,134
Tax history for 2237 Bungalow Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,984 (+15.6%)
$5,200 + $31,914
$37,114
2024
$1,717
$3,960 + $32,040
$36,000
2023
$1,718 (+19.4%)
$5,200 + $34,284
$39,484
2022
$1,439 (−13.6%)
$5,200 + $20,968
$26,168
2021
$1,666 (+1.1%)
$5,200 + $26,026
$31,226
2020
$1,648 (−4.0%)
$5,200 + $26,026
$31,226
2019
$1,716 (−0.5%)
$5,200 + $26,026
$31,226
2018
$1,725 (+2.7%)
$5,200 + $26,026
$31,226
2017
$1,679
$5,200 + $26,026
$31,226
2016
$1,679 (−0.4%)
$5,200 + $26,026
$31,226
2014
$1,686
$5,200 + $25,934
$31,134
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
1990
Sq. Ft.
1,400
Year built
1952
Style
Multi-Family (2-4 Unit)
County
Richmond County
APN
0982024000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 17, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: Parking Pad
Interior
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Electric
Exterior
Building Information
Sq. Ft.: 1400.0
Construction Materials: Block, Brick
Property Features
Security Features: Smoke Detector(s)
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Size : 0.24
Lot Size Dimensions: 108 x 101 x 100 x 103
Lot Size Area: 0.24
Lot Size Units: Acres
Lot Size Acres: 0.24
Financial
Tax Information
Tax Annual Amount: $961.60
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Wheeless Road
Middle Or Junior School: Murphy
Location Information
Directions: Take I-20 E to exit 196A-B for I-520 E. Take exit 3, then turn left onto Gordon Hwy. Turn right onto Deans Bridge Rd, then left on Richmond Hill Rd. Turn left onto Bungalow Rd
Subdivision Name: Kendan Park
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,400
Stories: 1.0
Lot Size: 10,454 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1952
Year Renovated: 1990
County: Richmond County
APN: 0982024000
Home facts updated by county records on Jul 17, 2026
Other
Listing Information
List AOR: REALTORS® of Greater Augusta
Around this home
Schools
Wheeless Road Elementary School
Public PreK-5 • Assigned • 1.4mi
3/10
Murphey Middle Charter School
Public 6-8 • Assigned • 1.8mi
2/10
Josey High School
Public 9-12 • Assigned • 1.8mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 109° expected this year, 17 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Augusta, GA • 30906
Average low and high temperatures (°F)
55
33
64
40
74
48
81
55
82
62
90
69
93
74
85
70
85
65
76
54
70
47
59
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.7 hours in December, placing it below the
U.S. average for solar exposure.
8.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$162,000 – $196,000
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