The Palomar Group Closes Sale of Summerville Campus Apartments in Augusta, GA

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.

About The Palomar Group

The Palomar Group is a full-service commercial investment sales firm headquartered in Augusta, GA, with offices in Charleston, SC and Houston, TX. The firm specializes in the sale of multi-tenant, single-tenant, and multifamily properties, with a proven track record of over $1.5 billion in closed transactions across 19 states, totaling more than 14 million square feet. Known for its data-driven insights and client-focused execution, Palomar is committed to delivering strategic results in a competitive investment landscape.