Updated Victorian
For Sale
$399,000
814-816 Ott Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size1,865 SF
Lot Size0.05 Acres
Price / SF$213.94
Days on Market353
Property Features for 814-816 Ott Street
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 1, Bathroom 2, Bedroom 2, Bedroom 4
Appliances
Gas Water Heater
Subdivision
Kelly Ward
Directions
North on waters from victory. Left on Gwinnett, Left on Ott. Duplex is on the left.
Standard status
Active
APN
2004203014
Size
1,865 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NORTH 54 FEET OF LOT 24 KELLY WD
Tax Annual Amount
2705
Legal Description
NORTH 54 FEET OF LOT 24 KELLY WD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Architectural style
Victorian
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Jahziel R. Soto · License #393708
(912) 622-0202
Added: Sep 12, 2025
Changed: Aug 29
Last Checked: Aug 30 at 7:06PM
MLS# SA339616
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 1,865-square-foot duplex, built in 1928, contains two side-by-side units. Each residence includes two upstairs bedrooms, one bathroom, a washer and dryer, and one dedicated off-street parking space. Both units have been updated, while the exterior has received new paint and all windows have been replaced. Central heating and cooling are provided, with natural gas service and a gas water heater.
The property sits on 0.0496 acres and is served by public water and public sewer. It is located minutes from Downtown Savannah, the Starland District, the Waters Corridor, SCAD, area hospitals, and Tybee beaches. R4 zoning is identified for the property.
The property sits on 0.0496 acres and is served by public water and public sewer. It is located minutes from Downtown Savannah, the Starland District, the Waters Corridor, SCAD, area hospitals, and Tybee beaches. R4 zoning is identified for the property.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,865 square feet on a 0.0496‑acre lot
- Both residences updated; exterior recently repainted and all windows replaced
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
$19,774
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
4.96%
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%
$395,480
$395.5K
Cap Rate 7%
$282,486
$282.5K
Cap Rate 9%
$219,711
$219.7K
Market Conditions
NOI Build-Up for 1,865 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
$30.2K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$28.2K $15.15/SF
− OpEx
−$8.5K −$4.54/SF
NOI
$19.8K $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%
$395,480
Cap Rate 7%
$282,486
Cap Rate 9%
$219,711
Alternative Uses
Best Use
Multifamily LT 5
$282.5K
$247.2K – $329.6K
NOI $19,774 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$262.0K
$229.2K – $305.6K
NOI $18,338 @ 7.0% cap · market cap 4.60%
Theoretical Best
Warehouse
$1.74M
$1.53M – $2.03M
NOI $122,007 @ 7.0% cap · market cap 30.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
488
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
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 - Two side-by-side residences provide upstairs bedrooms, laundry, and dedicated off-street parking for each unit.
Where is this duplex located?
The property is located at 814-816 Ott Street Savannah, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,865 square feet on a 0.0496‑acre lot; Both residences updated; exterior recently repainted and all windows replaced
