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The Palomar Group is pleased to announce the successful sale of Summerville Campus Apartments, a fully occupied multifamily property located at 2476 McDowell Street in Augusta, GA. The asset traded for $4,400,000, representing a compelling light value-add opportunity in one of Augusta’s strongest residential submarkets.

With 100% occupancy and well-maintained amenities, Summerville Campus Apartments attracted strong interest from investors seeking stabilized multifamily product with long-term upside. The property was acquired by a private investor, with the seller also being private. The transaction closed on May 6, 2025.

“The Palomar Group is proud to announce the successful sale of the Summerville Campus Apartments, a light value-add opportunity located in a premier area of Augusta. We look forward to seeing the new ownership enhance the property and continue adding value to this community,” said Lee Malchow, Vice President of The Palomar Group.