Two-Unit Duplex with
For Sale
$399,000
9670 Whitefield Avenue, Savannah, GA 31406
Residential Income, Savannah, GA
Property Size2,706 SF
Lot Size0.45 Acres
Price / SF$147.45
Days on Market64
Property Features for 9670 Whitefield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RA
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Interior features
Ceiling Fan(s)
Fireplace
1
Appliances
Electric Water Heater, Dryer, Refrigerator, Washer
Subdivision
Ferguson Heights
Directions
Abercorn Street south to White Bluff Road. Left on Montgomery Cross Road, continue onto Old Montgomery Road. Right on Whitefield Avenue. Home is on the right.
Standard status
Active
APN
1050402008
Size
2,706 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TCT ON OLD MONTGOMERY RD NEAR 10 MI POST & PT OF SEPCO RW
Tax Annual Amount
4080
Legal Description
TCT ON OLD MONTGOMERY RD NEAR 10 MI POST & PT OF SEPCO RW
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Private, Well
Amenities
private balcony
dedicated storage space
separate storage building
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Building materials
Block
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Corcoran Austin Hill Realty
(912) 354-2100
Listed By:
Alana R. Dykes · License #405279
(912) 677-6949
Added: Jul 31
Changed: Sep 20
Last Checked: Oct 2 at 2:06AM
MLS# SA361621
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 duplex at 9670 Whitefield Avenue contains two fully separate residences, each arranged with one bedroom and one bathroom. The ground-floor unit is occupied by a tenant, while the upper residence includes a private balcony and is available for occupancy. Both units have dedicated driveways, supporting independent access, and the main structure includes additional storage space. A separate storage building provides further utility on the property.
The parcel encompasses 0.45 acres in Savannah’s 31406 postal area and is designated RA. Built in 1935, the property has block construction, central air, electric heating, a fireplace, and a private well with septic service. Included appliances are a refrigerator, washer, dryer, and electric water heater.
The parcel encompasses 0.45 acres in Savannah’s 31406 postal area and is designated RA. Built in 1935, the property has block construction, central air, electric heating, a fireplace, and a private well with septic service. Included appliances are a refrigerator, washer, dryer, and electric water heater.
Key Highlights
- Two separate units, each with 1 bedroom and 1 bathroom
- 0.45‑acre parcel in Savannah, GA 31406
- Upper unit includes a private balcony
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
$28,691
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
7.19%
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%
$573,820
$573.8K
Cap Rate 7%
$409,871
$409.9K
Cap Rate 9%
$318,789
$318.8K
Market Conditions
NOI Build-Up for 2,706 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
$43.8K $16.20/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$41.0K $15.15/SF
− OpEx
−$12.3K −$4.54/SF
NOI
$28.7K $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%
$573,820
Cap Rate 7%
$409,871
Cap Rate 9%
$318,789
Alternative Uses
Best Use
Multifamily LT 5
$409.9K
$358.6K – $478.2K
NOI $28,691 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$380.1K
$332.6K – $443.5K
NOI $26,608 @ 7.0% cap · market cap 6.67%
Theoretical Best
Warehouse
$2.53M
$2.21M – $2.95M
NOI $177,025 @ 7.0% cap · market cap 44.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Duplex with separate living spaces, private driveways, an upper-level balcony, and additional on-site storage buildings.
Where is this duplex located?
The property is located at 9670 Whitefield Avenue 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 separate units, each with 1 bedroom and 1 bathroom; 0.45‑acre parcel in Savannah, GA 31406; Upper unit includes a private balcony
