Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1113-1115 E 55Th St Savannah, GA 31404

    Sponsored
    For Sale
    $290,000

    MULTI_FAMILY - Savannah, GA

    Property size:
    1,611 SF
    Lot size:
    0.25 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 25 at 3:06 am

    Property Features for 1113-1115 E 55Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RTF
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    20097 21004
    Parking features
    On Street
    Appliances
    Electric Water Heater
    Size
    1,611 SF
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1943
    Floors in Building
    1
    Number of units
    2
    Building materials
    Stucco

    We can help!

    Listing Contact
    Mandy Henderson

    RIVR RE LLC (912) 307-9998

    Listing agent Mandy Henderson (912) 307-9998 License #416722

    Listing date Feb 23, 2026

    MLS# SA349675

    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.

    Learn more

    Property Insight Report

    Overview

    Savannah Duplex with Potential

    This value-add duplex is centrally located just off Waters Avenue and Victory Drive. The property has undergone improvements, including an updated HVAC system, new wiring, new ceiling insulation, and recessed lighting. The property size is 1611 square feet and sits on a lot of 0.25 acres. One unit is currently rented on a month-to-month basis, providing immediate income and the flexibility to re-tenant. The zoning is RTF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.088229
    Latitude
    32.038852

    Nearby Similar for Sale

    • $10,000,000
      10,092 SF

      Savannah Cotton Exchange Historic Building

      Iconic 10,092 SF building in Savannah's Historic Landmark District.
      100 E Bay St, Savannah, GA 31401
      View Details
    • $784,900
      3,528 SF

      Ardsley Park Triplex Opportunity

      Triplex in desirable Ardsley Park, close to Daffin Park.
      724 E 49Th St, Savannah, GA 31405
      View Details
    • $295,000
      1,216 SF

      Savannah Commercial Property with Bonus

      Commercial property in Savannah's Medical Arts District with parking potential.
      1104 E 67Th St, Savannah, GA 31404
      View Details
    • $537,000
      2,004 SF

      Renovated Savannah Home with Cottage

      Renovated home with rental cottage near downtown and beach.
      856 E 35Th St, Savannah, GA 31401
      View Details
    • $950,000
      1,782 SF

      Iconic Starland Victorian For Sale

      Landmark Victorian in Savannah's vibrant Starland neighborhood, offering diverse potential.
      11 E 41St St, Savannah, GA 31401
      View Details
    • New
      $1,299,000
      6,895 SF

      Victorian Mixed-Use Property Near Forsyth

      Historic Savannah property with mixed-use zoning and development potential.
      808 Drayton St, Savannah, GA 31401
      View Details
    • $895,000
      2,800 SF

      Savannah Mixed-Use Commercial Property

      TC-1 zoned property in Savannah's Streetcar District with flexible uses.
      422 W 43Rd St, Savannah, GA 31401
      View Details
    • New
      $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy Derenne Avenue.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • $750,000
      1,956 SF

      Savannah Victorian Duplex Investment Opportunity

      Furnished downtown duplex with STVR certificates near SCAD.
      1212 Price St, Savannah, GA 31401
      View Details
    • $420,000
      Pending

      Versatile Commercial Building on Highway

      Commercial building offering prime location for offices or retail.
      4809 Augusta Rd, Savannah, GA 31408
      View Details
    • $1,848,000
      6,900 SF

      Savannah Retail/Office Building For Sale

      One-story retail/office building with solid leases in place.
      906 E 72Nd St, Savannah, GA 31405
      View Details
    • $250,000
      0.09 Acres

      Savannah Multi-Unit Investment Opportunity

      Duplex and triplex near Savannah's shopping, dining, and schools.
      1610 Ogeechee Rd, Savannah, GA 31415
      View Details

    FAQs

    What type of property is this?
    Duplex - Value-add duplex centrally located with updated features.
    Where is this duplex located?
    The property is located at 1113-1115 E 55Th St Savannah, GA.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - Value-add duplex with income potential and flexibility to re-tenant.; - Centrally located near Waters Avenue and Victory Drive.; - Updated HVAC system.
    (970) 778-5616
    Request Owner's contact information
    1113-1115 E 55Th St Savannah, GA 31404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1113-1115 E 55Th St
    Savannah, GA 31404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1113-1115 E 55Th St Savannah, GA 31404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mandy Henderson
    Real Estate License ID: 416722
    (970) 778-5616 (912) 307-9998
    Learn more
    Google sign-in failed. Please try again or use another login method.