1850 Apple Valley Dr, Augusta, GA 30906

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.