Duplex with Detached
For Sale
$258,000
Pending
126 W 59th Street, Savannah, GA 31405
Residential Income, Savannah, GA
Property Size1,560 SF
Lot Size0.20 Acres
Days on Market126
Property Features for 126 W 59th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM25
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Fencing
Chain Link
Appliances
Electric Water Heater
Subdivision
Hitch Ward
Directions
Intersection of Bull st and W 59th, travel west on W 59th. Home will be 2 blocks west and on the right.
Standard status
Pending
APN
2009320008
Size
1,560 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
12 13 14 BLK H HITCH WD
Tax Annual Amount
2497
Legal Description
12 13 14 BLK H HITCH WD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency:
Six Bricks LLC
(912) 200-9044
Listed By:
Nathaniel Snyder · License #375119
(912) 695-5245
Added: Apr 27
Changed: Aug 20
Last Checked: Aug 30 at 2:06PM
MLS# SA354599
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 1926, this 1,560-square-foot duplex contains two residences arranged on upper and lower levels. Each unit includes two bedrooms and one bathroom, creating a total configuration of four bedrooms and two bathrooms. The property also includes two detached garages and sits on a 0.196-acre corner lot with chain-link fencing.
Located at 126 W 59th Street in Savannah, the property is positioned two blocks from Bull Street. RM25 zoning, public water, and public sewer are in place. Building features include vinyl siding, electric heating with central heat, central air conditioning, and an electric water heater. The property is classified as a duplex within a multifamily residential setting.
Located at 126 W 59th Street in Savannah, the property is positioned two blocks from Bull Street. RM25 zoning, public water, and public sewer are in place. Building features include vinyl siding, electric heating with central heat, central air conditioning, and an electric water heater. The property is classified as a duplex within a multifamily residential setting.
Key Highlights
- 1,560‑square‑foot duplex with upper- and lower‑level residences
- Two units, each with 2 bedrooms and 1 bathroom
- Two detached garages on a 0.196‑acre corner lot
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
$16,541
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
6.41%
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%
$330,820
$330.8K
Cap Rate 7%
$236,300
$236.3K
Cap Rate 9%
$183,789
$183.8K
Market Conditions
NOI Build-Up for 1,560 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
$25.3K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$23.6K $15.15/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$16.5K $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%
$330,820
Cap Rate 7%
$236,300
Cap Rate 9%
$183,789
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.7K
NOI $15,339 @ 7.0% cap · market cap 5.95%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,054 @ 7.0% cap · market cap 39.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences occupy a corner parcel near Bull Street in Savannah.
Where is this duplex located?
The property is located at 126 W 59th Street Savannah, GA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 1,560‑square‑foot duplex with upper- and lower‑level residences; Two units, each with 2 bedrooms and 1 bathroom; Two detached garages on a 0.196‑acre corner lot
