Two-Unit Duplex with Hardwood
For Sale
$475,000
1016 E Bolton Street, Savannah, GA 31401
MULTI_FAMILY - Savannah, GA
Property Size2,208 SF
Lot Size0.08 Acres
Price / SF$215.13
Days on Market115
Property Features for 1016 E Bolton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
On Street
Patio and Porch features
Porch
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Washer
Subdivision
KELLY WARD
Lot features
City Lot
Directions
Take Waters Avenue to Bolton and make a left. The duplex is on your right. GPS friendly.
Standard status
Active
APN
2-0042-03-006
Size
2,208 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
LOT LETTER A SUB OF LOTS 19, 20,
Legal Description
LOT LETTER A SUB OF LOTS 19, 20,
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Heather Murphy · License #277893
(912) 398-6368
Added: Apr 13
Changed: Aug 4
Last Checked: Aug 5 at 7:06PM
MLS# SA353134
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1927, this 2,208-square-foot duplex contains two matching residences, each with 3 bedrooms and 1 full bath. The interiors feature hardwood flooring, central electric heating and cooling, wood siding, and porch space. Both units are equipped with a range, oven, refrigerator, dishwasher, and washer. Public water and sewer serve the property, with cable available and on-street parking.
The 0.08-acre property is located at 1016 E Bolton Street in Savannah’s 31401 ZIP code. Historic Downtown Savannah, SCAD, hospitals, parks, restaurants, shopping, and the Truman Parkway are identified nearby, while the source information also describes the setting as walkable. The mirrored configuration provides consistent layouts across both units and supports flexible residential income use or an owner-occupied arrangement.
The 0.08-acre property is located at 1016 E Bolton Street in Savannah’s 31401 ZIP code. Historic Downtown Savannah, SCAD, hospitals, parks, restaurants, shopping, and the Truman Parkway are identified nearby, while the source information also describes the setting as walkable. The mirrored configuration provides consistent layouts across both units and supports flexible residential income use or an owner-occupied arrangement.
Key Highlights
- Two‑unit duplex totaling 2,208 square feet
- Each residence has 3 bedrooms and 1 full bath
- Built in 1927 on a 0.08‑acre lot
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $16.20 |
| − Vacancy | −$2.3k | −$1.05 |
| EGI | $33.4k | $15.15 |
| − OpEx | −$10.0k | −$4.54 |
| NOI | $23.4k | $10.60 |
2,208 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.2K
NOI $23,411 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$310.2K
$271.4K – $361.9K
NOI $21,711 @ 7.0% cap · market cap 4.57%
Theoretical Best
Warehouse
$2.06M
$1.81M – $2.41M
NOI $144,446 @ 7.0% cap · market cap 30.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Mirrored floor plans offer practical separation for owner occupancy or rental use in a connected Savannah setting.
Where is this duplex located?
The property is located at 1016 E Bolton Street Savannah, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,208 square feet; Each residence has 3 bedrooms and 1 full bath; Built in 1927 on a 0.08‑acre lot
