Move-In Ready Savannah
For Sale
$419,000
1317 E 54th Street, Savannah, GA 31404
MULTI_FAMILY - Savannah, GA
Property Size1,562 SF
Lot Size0.14 Acres
Price / SF$268.25
Days on Market238
Property Features for 1317 E 54th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Off Street
Appliances
Electric Water Heater, Refrigerator
Subdivision
Edgemere
Directions
1300 block of East 54th Street on the Southside of the block
Standard status
Active
APN
2009716005
Size
1,562 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
92 WILKINS WD
Legal Description
92 WILKINS WD
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1943
Floors in Building
1
Building materials
Brick
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Kim L. Iocovozzi · License #121211
(912) 844-3261
Added: Dec 10, 2025
Changed: Jul 18
Last Checked: Aug 5 at 5:06PM
MLS# SA345122
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.
This move-in ready duplex features original hardwood floors that have been recently sanded and varnished. Both bathrooms and kitchens have been completely renovated and include brand new appliances. The property offers climate control options with four window units and two space heaters. Alternatively, the seller can install two HVAC systems for an additional cost. This property is suitable for living in one unit and renting the other, or as a straight investment property. The units typically rent for $1300 to $1500 each per month, offering a potential gross rental income of $36,000. A new roof enhances the value of this property. The building is located in Savannah, GA 31404. The property size is 1562 square feet and the lot size is 0.14 acres. The zoning is R4.
Key Highlights
- Move‑in ready home with original hardwood floors recently sanded and varnished
- Brand new appliances included: refrigerator and electric water heater
- Both bathrooms and kitchens have been completely renovated
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 | $25.3k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $23.7k | $15.15 |
| − OpEx | −$7.1k | −$4.54 |
| NOI | $16.6k | $10.60 |
1,562 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.6K
$207.0K – $276.0K
NOI $16,562 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$219.4K
$192.0K – $256.0K
NOI $15,359 @ 7.0% cap · market cap 3.67%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,185 @ 7.0% cap · market cap 24.39%
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
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
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 - Renovated duplex with income potential in Savannah, Georgia.
Where is this duplex located?
The property is located at 1317 E 54th Street Savannah, GA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Move‑in ready home with original hardwood floors recently sanded and varnished; Brand new appliances included: refrigerator and electric water heater; Both bathrooms and kitchens have been completely renovated
