Duplex with Private
For Sale
$475,000
1021 E Bolton Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size2,859 SF
Lot Size0.11 Acres
Price / SF$166.14
Days on Market13
Property Features for 1021 E Bolton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
TR-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Fencing
Fenced, Privacy
Appliances
Electric Water Heater
Lot features
Corner Lot, City Lot
Directions
Head North Waters Ave, left onto E Bolton St, 1021 E Bolton St is on the right
Standard status
Active
APN
2004209001
Size
2,859 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
LT 48 KELLY WD
Legal Description
LT 48 KELLY WD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
hardwood flooring
carpet
decorative fireplaces
private balcony
full kitchen
washer/dryer connections
fenced backyard
parking
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Six Bricks LLC
(912) 200-9044
Listed By:
Chelsea Phillips · License #349197
(912) 332-0465
Added: Sep 15
Changed: Sep 24
Last Checked: Sep 27 at 4:06PM
MLS# SA364417
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 1920, this 2,859-square-foot duplex contains two residential units, each with three bedrooms, two bathrooms, and a full kitchen. The upper residence includes a private balcony and three decorative fireplaces, while the lower residence has two decorative fireplaces and a layout that can be adapted to four bedrooms. Both units have washer/dryer connections, central air, electric heating, wood siding, and public water and sewer service.
The property occupies 0.11 acres at 1021 E Bolton Street in Savannah, Georgia. Exterior features include a covered porch, privacy fencing, and a shared rear yard with off-street parking. The home has asphalt roofing and was freshly repainted, with carpet cleaning completed in both units.
The property occupies 0.11 acres at 1021 E Bolton Street in Savannah, Georgia. Exterior features include a covered porch, privacy fencing, and a shared rear yard with off-street parking. The home has asphalt roofing and was freshly repainted, with carpet cleaning completed in both units.
Key Highlights
- Two‑unit duplex with 2,859 square feet of building area
- Each unit includes 3 bedrooms, 2 bathrooms, and a full kitchen
- Upper unit features a private balcony and 3 decorative fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,314
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,280
$606.3K
Cap Rate 7%
$433,057
$433.1K
Cap Rate 9%
$336,822
$336.8K
Market Conditions
NOI Build-Up for 2,859 SF
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.
Gross rent
$46.3K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$43.3K $15.15/SF
− OpEx
−$13.0K −$4.54/SF
NOI
$30.3K $10.60/SF
Area
Savannah, GA
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,280
Cap Rate 7%
$433,057
Cap Rate 9%
$336,822
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$378.9K – $505.2K
NOI $30,314 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 5.92%
Theoretical Best
Warehouse
$2.67M
$2.34M – $3.12M
NOI $187,034 @ 7.0% cap · market cap 39.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
488
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate kitchens, shared fenced grounds, and off-street parking in Savannah.
Where is this duplex located?
The property is located at 1021 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 with 2,859 square feet of building area; Each unit includes 3 bedrooms, 2 bathrooms, and a full kitchen; Upper unit features a private balcony and 3 decorative fireplaces
