Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 W 42Nd St W Savannah, GA 31415

    Sponsored
    For Sale
    Pending
    $275,000

    MULTI_FAMILY - Other - Savannah, GA

    Property size:
    2,878 SF
    Lot size:
    0.05 Acres
    Days on Market:
    158
    Last Refresh:
    Feb 28 at 12:06 am

    Property Features for 501 W 42Nd St W

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    BC
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
    Bedrooms
    6
    Bathrooms
    3
    APN
    2007342008
    Parking features
    On Street
    Interior features
    Pull Down Attic Stairs
    Exterior features
    Balcony, Courtyard
    Fencing
    Fenced, Chain Link
    Fireplace
    1
    Appliances
    Gas Water Heater
    Size
    2,878 SF
    Lot size
    0.05 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Window Unit(s), Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1908
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Doris D. Thomas

    Bogue Banks Realty, Inc (910) 325-0868

    Listing agent Doris D. Thomas (912) 355-0294 License #158642

    Listing date Sep 24, 2025

    MLS# SA331555

    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.

    Learn more

    Property Insight Report

    Overview

    Savannah Multifamily Investment Opportunity

    This multifamily property, located in Savannah, Georgia, presents an opportunity for investors. The property has a size of 2878 square feet and is situated on a lot of approximately 0.0517 acres. The zoning is BC. The property is classified under multiple property types, including duplexes and residential income properties. According to the public remarks, this property has the potential to become a 'shining star' with some TLC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.10708
    Latitude
    32.054492

    Nearby Similar for Sale

    • $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy E. Derenne Ave.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • New
      $300,000
      1,648 SF

      Two-Level Office Condominium Opportunity

      Unique office condo in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • New
      $749,900
      4,214 SF

      Park South Office Complex Condominium

      Office condominium space in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • $395,000
      980 SF

      Retail Property Near Georgia Ports

      Retail property with garage near Georgia Ports Authority.
      153 Main St, Savannah, GA 31408
      View Details
    • $999,900
      3,708 SF

      Victorian Building in Savannah's Victorian District

      Two-level property suitable for professional or commercial use.
      420 E Bolton St, Savannah, GA 31401
      View Details
    • New
      $775,000
      1,740 SF

      Victory Drive Commercial Building For Sale

      1,740 SF commercial building with high visibility and frontage.
      3021 E Victory Dr, Savannah, GA 31404
      View Details
    • $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy Derenne Avenue.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • $799,000
      3,370 SF

      Waters Avenue Retail Opportunity

      Retail property on Waters Avenue with high visibility and accessibility.
      6228 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • $845,000
      6,000 SF

      Versatile Commercial Space on Skidaway Road

      High-traffic location suitable for retail, office, or light commercial services.
      3104 Skidaway Rd, Savannah, GA 31404
      View Details
    • $950,000
      1,782 SF

      Starland Landmark Victorian For Sale

      Iconic Starland property with diverse potential in vibrant Savannah neighborhood.
      11 E 41St St, Savannah, GA 31401
      View Details
    • New
      $159,000
      829 SF

      Savannah Office Condo For Sale

      First-floor office condo with private entrance in Park South.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • New
      $290,000
      1,737 SF

      Flexible Office Condominium Opportunity

      Second-story office condos with private entrances in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Savannah, Georgia, ideal for investors.
    Where is this duplex located?
    The property is located at 501 W 42Nd St W Savannah, GA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Central air and gas cooling for year-round comfort.; - Beautiful hardwood flooring throughout.; - Enjoy outdoor living with a balcony and courtyard.
    (912) 507-4183
    Request Owner's contact information
    501 W 42Nd St W Savannah, GA 31415
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 W 42Nd St W
    Savannah, GA 31415
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 W 42Nd St W Savannah, GA 31415
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Doris D. Thomas
    Real Estate License ID: 158642
    (912) 507-4183 (912) 355-0294
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!