Two-Story Duplex with
For Sale
$749,900
512 E Duffy Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size3,116 SF
Lot Size0.07 Acres
Price / SF$240.66
Days on Market166
Property Features for 512 E Duffy Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
1-R
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2
Patio and Porch features
Porch
Exterior features
Balcony, Courtyard
Fencing
Fenced
Appliances
Electric Water Heater, Oven, Range, Refrigerator
Directions
Take East Broad Street North, make a left onto E. Duffy Street. Property will be 1 1/2 blocks down on your right-hand side.
Standard status
Active
APN
2004317033
Size
3,116 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT Q SEC 6 WARING WARD
Tax Annual Amount
6077
Legal Description
LOT Q SEC 6 WARING WARD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Masonite
Listing Agency:
Better Homes and Gardens Real
(912) 303-8405
Listed By:
Nicole S. Staley · License #356969
(912) 656-4145
Added: Mar 31
Changed: Sep 8
Last Checked: Sep 12 at 3:06AM
MLS# SA352414
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 3,116-square-foot duplex was built in 1900 and contains two 3-bedroom, 2-bath units. The two-story property includes a covered front porch, upper balcony, courtyard, fenced exterior, and Masonite siding that was recently replaced. Each residence is served by central electric heating and cooling, with electric water heaters and kitchens equipped with an oven, range, and refrigerator.
The property is located at 512 E Duffy Street in Savannah, within the 31401 postal area. Dining, boutique shopping, and parks are identified nearby. Public water and public sewer serve the property, which occupies 0.072 acres and carries 1-R zoning.
HVAC systems are professionally serviced twice a year, and a termite/repair bond is in place. The duplex configuration provides two separate residential units within one building.
The property is located at 512 E Duffy Street in Savannah, within the 31401 postal area. Dining, boutique shopping, and parks are identified nearby. Public water and public sewer serve the property, which occupies 0.072 acres and carries 1-R zoning.
HVAC systems are professionally serviced twice a year, and a termite/repair bond is in place. The duplex configuration provides two separate residential units within one building.
Key Highlights
- Two 3‑bedroom, 2‑bath units in a 3,116‑square‑foot duplex
- Built in 1900 on 0.072 acres with 1‑R zoning
- Covered front porch, upper balcony, courtyard, and fenced exterior
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
$33,039
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
4.41%
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%
$660,780
$660.8K
Cap Rate 7%
$471,986
$472.0K
Cap Rate 9%
$367,100
$367.1K
Market Conditions
NOI Build-Up for 3,116 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
$50.5K $16.20/SF
− Vacancy
−$3.3K −$1.05/SF
EGI
$47.2K $15.15/SF
− OpEx
−$14.2K −$4.54/SF
NOI
$33.0K $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%
$660,780
Cap Rate 7%
$471,986
Cap Rate 9%
$367,100
Alternative Uses
Best Use
Multifamily LT 5
$472.0K
$413.0K – $550.7K
NOI $33,039 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$437.7K
$383.0K – $510.7K
NOI $30,639 @ 7.0% cap · market cap 4.09%
Theoretical Best
Warehouse
$2.91M
$2.55M – $3.40M
NOI $203,847 @ 7.0% cap · market cap 27.18%
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
1,686
Businesses Nearby
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
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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 - Two-unit residential property with covered porch, upper balcony, courtyard, and 1-R zoning in Savannah.
Where is this duplex located?
The property is located at 512 E Duffy Street Savannah, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units in a 3,116‑square‑foot duplex; Built in 1900 on 0.072 acres with 1‑R zoning; Covered front porch, upper balcony, courtyard, and fenced exterior
