Two-Unit Duplex with Rear
For Sale
$418,000
1514 Augusta Avenue, Savannah, GA 31415
Residential Income, Savannah, GA
Property Size1,456 SF
Lot Size0.07 Acres
Price / SF$287.09
Days on Market52
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
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
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
Electric, Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
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: Sep 16
Last Checked: Sep 16 at 12:06PM
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 1,456-square-foot duplex, built in 1940, contains two residences with matching layouts of two bedrooms and one bathroom. Both units include living and dining areas, kitchens with stainless steel appliances and refrigerators, laundry areas, and private front porches. The lower residence has front and side access, while the upper residence provides front and rear entrances. Each unit is assigned two concrete parking spaces at the rear, and separate electric meters support independent utility service.
The property is located at 1514 Augusta Avenue in Savannah, near Downtown Savannah and the Savannah College of Art and Design. A city bus stop and neighborhood park are positioned across the street. The property is zoned R4 and includes public water and public sewer service, central air conditioning, electric heat pump systems, vinyl and carpet flooring, block construction, and an asphalt roof.
The property is located at 1514 Augusta Avenue in Savannah, near Downtown Savannah and the Savannah College of Art and Design. A city bus stop and neighborhood park are positioned across the street. The property is zoned R4 and includes public water and public sewer service, central air conditioning, electric heat pump systems, vinyl and carpet flooring, block construction, and an asphalt roof.
Key Highlights
- Two‑unit duplex with 1,456 square feet of building area
- Each residence offers 2 bedrooms, 1 bathroom, kitchen, laundry area, and private front porch
- Two concrete rear parking spaces assigned to each unit
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
$15,438
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
3.69%
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%
$308,760
$308.8K
Cap Rate 7%
$220,543
$220.5K
Cap Rate 9%
$171,533
$171.5K
Market Conditions
NOI Build-Up for 1,456 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
$23.6K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$22.1K $15.15/SF
− OpEx
−$6.6K −$4.54/SF
NOI
$15.4K $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%
$308,760
Cap Rate 7%
$220,543
Cap Rate 9%
$171,533
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separately metered residences offer private entrances, porches, laundry areas, and dedicated off-street parking.
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: Two‑unit duplex with 1,456 square feet of building area; Each residence offers 2 bedrooms, 1 bathroom, kitchen, laundry area, and private front porch; Two concrete rear parking spaces assigned to each unit
