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    9 W 48Th St Savannah, GA 31405

    Sponsored
    For Sale
    $459,000

    MULTI_FAMILY - Savannah, GA

    Property size:
    1,080 SF
    Lot size:
    0.06 Acres
    Days on Market:
    73
    Last Refresh:
    Feb 28 at 12:06 am

    Property Features for 9 W 48Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RIP
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
    Bedrooms
    2
    Bathrooms
    2
    APN
    2008803004
    Appliances
    Electric Water Heater
    Size
    1,080 SF
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Taavo Roos
    Taavo Roos

    Seabolt Real Estate (912) 233-6609

    Listing agent Taavo Roos (912) 233-6609 License #382783

    Listing date Dec 18, 2025

    MLS# SA345457

    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

    Renovated Duplex Across from Ardsley

    Located directly across from Ardsley Park, the property is a fully renovated side-by-side duplex. It offers two one-bedroom residences, each with its own private, fenced backyard. Renovated from the studs up approximately four years ago, this property features updated systems throughout along with clean, modern finishes and smart, efficient layouts. Both units showcase crisp white cabinetry and contemporary tile bathrooms, with abundant natural light throughout. The kitchens are well designed with modern finishes, while the bedrooms offer comfortable proportions and functional layouts ideal for long-term living. The property is positioned just around the corner from neighborhood favorites including Cafe Taureau, Late Air, and the shops and restaurants of the Starland and Ardsley areas, offering exceptional walkability and consistent rental demand. This property is an ideal income-producing property in one of Savannah's most sought-after neighborhoods. The property size is 1080 Square Feet and the lot size is 0.055 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cheap Car Insurance Financial Advisor

    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
    -81.104022
    Latitude
    32.049087

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    FAQs

    What type of property is this?
    Specialty property - Fully renovated duplex in Savannah's sought-after Ardsley Park neighborhood.
    Where is this specialty property located?
    The property is located at 9 W 48Th St Savannah, GA.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: - Located directly across from Ardsley Park in a sought-after neighborhood.; - Fully renovated side-by-side duplex with two one-bedroom residences.; - Each unit has its own private, fenced backyard.
    (912) 429-6729
    Request Owner's contact information
    9 W 48Th St Savannah, GA 31405
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    Savannah, GA 31405
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    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
    9 W 48Th St Savannah, GA 31405
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    We can help!
    Listing Contact
    Taavo Roos
    Taavo Roos
    Real Estate License ID: 382783
    (912) 429-6729 (912) 234-3323 (912) 233-6609
    Learn more
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