1226 E 38th Street Savannah, GA 31404
MULTI_FAMILY - Savannah, GA
Property Features for 1226 E 38th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2-0062-28-020
- Size
- 1,440 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- Lot 23 Block 11 Oliver Ward
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Block
Listing agent Mary H. Smith License #287098 (912) 596-2814
Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA (912) 356-5001
Listing date Jun 13, 2026
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.
Located in Savannah, the property is described as being in a convenient area of Live Oak. The remarks also note the location is a short walk to Daffin Park, and the address is listed as 1226 E 38th Street, Savannah, GA 31404 in Chatham County.
This configuration can appeal to buyers looking for a straightforward residential income setup with identical 2-bedroom, 1-bath layouts per unit. Because both units are described as updated and ready for move-in, the property may fit investors and owner-operators seeking a turnkey residential option rather than a value-add renovation project.
Key Highlights
- Two duplex units, each with 2 bedrooms and 1 bathroom.
- Updated duplex units ready for move‑in or investment income.
- Public water and public sewer.
Local 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 | $23.3k | $16.20 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $21.8k | $15.15 |
| − OpEx | −$6.5k | −$4.54 |
| NOI | $15.3k | $10.60 |
