123 Spring Street Savannah, GA 31408
MULTI_FAMILY - Savannah, GA
Property Features for 123 Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
- Appliances
- Electric Water Heater
- Standard status
- Pending
- APN
- 2071701001
- Size
- 1,092 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LT 11 BLK 9 WOODVILLE
- Tax Annual Amount
- 1197
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Electric (Heating)
- Cooling system
- Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Wood Siding
Listing agent Twana O. Nuniss License #395507 (501) 541-2474
Listing office Neighborhood Realty 5313 Skidaway Road, Savannah, GA (912) 920-3338
Listing date Nov 1, 2025
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.
Key Highlights
- Duplex with 2 bed and 1 bath units
- Year built: 1955
- Public water and public sewer
Local Financial Insights For Apartment 5plus
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 | $20.8k | $19.08 |
| − Vacancy | −$1.3k | −$1.20 |
| EGI | $19.5k | $17.88 |
| − OpEx | −$8.8k | −$8.05 |
| NOI | $10.7k | $9.83 |
