Updated Duplex With Private
For Sale
$574,900
200 Kinzie Avenue, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size2,156 SF
Lot Size0.09 Acres
Price / SF$266.65
Days on Market97
Property Features for 200 Kinzie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Single Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Off Street, On Street
Patio and Porch features
Patio
Interior features
Fireplace
Exterior features
Courtyard
Fencing
Privacy
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator
Subdivision
Gordonston
Directions
Head east on US-80 E/E Victory Dr toward Dixie Ave, Turn left onto Skidaway Rd, Continue straight past Taco Bell to stay on Skidaway Rd, Keep right to continue on Bonaventure Rd, Bonaventure Rd turns slightly right and becomes Pennsylvania Ave, Turn left onto Kinzie Ave. Destination is on the right.
Standard status
Active
APN
2004018007
Size
2,156 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
LOT 12 BLOCK 3 GORDONSTON SUB SULLIVAN WARD
Legal Description
LOT 12 BLOCK 3 GORDONSTON SUB SULLIVAN WARD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
patio
fire pit
fully fenced backyard
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
McIntosh Realty Team LLC
(912) 436-6551
Listed By:
Sarah Sullivan · License #419783
(912) 346-7109
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 7 at 3:06PM
MLS# SA357709
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 2,156-square-foot brick duplex, built in 1950, combines a three-bedroom, two-bath main residence with an attached private suite. The suite includes its own entrance, full kitchen, bedroom/living area, and full bath. Interior features include hardwood floors, expansive windows, natural light, and a double-sided fireplace connecting the living room and kitchen. The property also includes a dishwasher, microwave, oven, range, refrigerator, electric water heater, central heating, and central air.
Set on a 0.092-acre lot at 200 Kinzie Avenue in Savannah, the property has a privacy-fenced backyard with a patio and fire pit. Off-street and on-street parking are available, while public water and public sewer serve the property. Its Gordonston location places the duplex near Downtown Savannah, hospitals, shopping, dining, and Tybee Island.
Set on a 0.092-acre lot at 200 Kinzie Avenue in Savannah, the property has a privacy-fenced backyard with a patio and fire pit. Off-street and on-street parking are available, while public water and public sewer serve the property. Its Gordonston location places the duplex near Downtown Savannah, hospitals, shopping, dining, and Tybee Island.
Key Highlights
- 2,156 square feet on a 0.092‑acre lot
- Main residence includes 3 bedrooms and 2 full baths
- Attached private suite has its own entrance, full kitchen, bedroom/living space, and full bath
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
$22,860
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
3.98%
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%
$457,200
$457.2K
Cap Rate 7%
$326,571
$326.6K
Cap Rate 9%
$254,000
$254.0K
Market Conditions
NOI Build-Up for 2,156 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
$34.9K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$32.7K $15.15/SF
− OpEx
−$9.8K −$4.54/SF
NOI
$22.9K $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%
$457,200
Cap Rate 7%
$326,571
Cap Rate 9%
$254,000
Alternative Uses
Best Use
Multifamily LT 5
$326.6K
$285.8K – $381.0K
NOI $22,860 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$302.9K
$265.0K – $353.3K
NOI $21,200 @ 7.0% cap · market cap 3.69%
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.35M
NOI $141,045 @ 7.0% cap · market cap 24.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
294
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated brick duplex offering a three-bedroom main residence and a separate attached living suite with its own entrance.
Where is this duplex located?
The property is located at 200 Kinzie Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 2,156 square feet on a 0.092‑acre lot; Main residence includes 3 bedrooms and 2 full baths; Attached private suite has its own entrance, full kitchen, bedroom/living space, and full bath
