9 W 48th Street Savannah, GA 31405
MULTI_FAMILY - Savannah, GA
Property Features for 9 W 48th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RIP
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2008803004
- Size
- 1,080 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- LOT 2 SECTION 5 WRIGHT WD
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
Listing agent Taavo Roos License #382783 (912) 429-6729
Listing office Seabolt Real Estate 24 E Oglethorpe Avenue, Savannah, GA (912) 233-6609
Listing date Jun 19, 2026
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.
The duplex is located directly across from Ardsley Park. It is also positioned near neighborhood destinations including Cafe Taureau, Late Air, and the shops and restaurants of the Starland District.
For buyers or operators seeking an income-producing rental property, both units are currently leased. The property is leased at $1,750 and $1,650 per month, for total annual rental income of $40,800, providing immediate occupancy. With contemporary kitchens featuring crisp white cabinetry, tile bathrooms, and functional floor plans designed for long-term tenants, the duplex offers a turnkey residential income setup with outdoor private space for each unit.
Key Highlights
- Fully renovated side‑by‑side duplex with two 1‑bedroom residences
- Leased units generate $1,750/month and $1,650/month for $40,800 annual rental income
- Each unit includes its own private, fenced backyard
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.5k | $16.20 |
| − Vacancy | −$1.1k | −$1.05 |
| EGI | $16.4k | $15.15 |
| − OpEx | −$4.9k | −$4.54 |
| NOI | $11.5k | $10.60 |
