Well-Maintained Duplex with
New
For Sale
$418,000
1514 Augusta Avenue, Savannah, GA 31415
MULTI_FAMILY - Other - Savannah, GA
Property Size1,456 SF
Lot Size0.07 Acres
Price / SF$287.09
Days on Market7
Property Features for 1514 Augusta Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Off Street
Appliances
Some Electric Appliances, Electric Water Heater, Refrigerator
Subdivision
Royal Vale Terrace
Lot features
Corner Lot, City Lot
Directions
Take US 80 to exit 7A turn East onto Augusta Ave apx .5 miles on the left is duplex on the corner of McIntyre Street
Standard status
Active
APN
2002705022
Size
1,456 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
PT LOT 43 S PT OF W PT LOT 44 CL AY WD R V T
Legal Description
PT LOT 43 S PT OF W PT LOT 44 CL AY WD R V T
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
dedicated concrete parking lot
private front porch
separate electric meters
stainless steel appliances
laundry area
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Block
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Buy Sell Savannah Real Estate
(912) 313-2759
Listed By:
Jeb Stewart · License #410232
(478) 284-4186
Added: Jul 27
Changed: Jul 28
Last Checked: Aug 2 at 3:06AM
MLS# SA361384
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 well-maintained duplex features two separate units, each with two bedrooms and one bathroom. Interiors include a spacious living and dining area, kitchen, laundry area, and stainless steel appliances, including the refrigerator. Each unit also has a private front porch, with the downstairs unit providing front and side entrances and the upstairs unit offering front and rear entrances. Both units share dedicated rear parking with two concrete parking spaces per unit.
The property includes separate electric meters for each unit. A dedicated concrete parking lot is located in the rear, and the duplex sits within a residential zoning context identified as R4. The listing notes convenience to Downtown Savannah and SCAD, with a city bus stop and neighborhood park across the street.
The seller indicates a preference to sell an adjacent lot together with the duplex, which may offer additional investment or development potential. Separate parking, separate utilities, and a two-unit configuration support straightforward rental use for investors or owner-occupants.
The property includes separate electric meters for each unit. A dedicated concrete parking lot is located in the rear, and the duplex sits within a residential zoning context identified as R4. The listing notes convenience to Downtown Savannah and SCAD, with a city bus stop and neighborhood park across the street.
The seller indicates a preference to sell an adjacent lot together with the duplex, which may offer additional investment or development potential. Separate parking, separate utilities, and a two-unit configuration support straightforward rental use for investors or owner-occupants.
Key Highlights
- Income‑producing duplex built in 1940 with two 2‑bedroom, 1‑bath units
- Dedicated concrete rear parking lot with two concrete rear parking spaces per unit
- Separate electric meters for each unit; both units have a private front porch
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 | $23.6k | $16.20 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $22.1k | $15.15 |
| − OpEx | −$6.6k | −$4.54 |
| NOI | $15.4k | $10.60 |
1,456 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.5K
$193.0K – $257.3K
NOI $15,438 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$204.5K
$179.0K – $238.6K
NOI $14,317 @ 7.0% cap · market cap 3.43%
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,251 @ 7.0% cap · market cap 22.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with two bedrooms per unit, private porches, dedicated rear parking, and separate electric meters.
Where is this duplex located?
The property is located at 1514 Augusta Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $418,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1940 with two 2‑bedroom, 1‑bath units; Dedicated concrete rear parking lot with two concrete rear parking spaces per unit; Separate electric meters for each unit; both units have a private front porch
