Duplex with Detached Carriage
1001 E 41st Street Savannah, GA 31401
For Sale
$359,000
Pending
All-brick main home plus detached 1-bedroom carriage home sits on a large corner lot and is sold as-is.
Property Size1,938 SF
Days on Market198
Property Features for 1001 E 41st Street
General Information
- Standard status
- Pending
- Size
- 1,938 SF
- Property subtype
- Ranch
Building Details
- Year Built
- 1930
Listing Agency:
Re/Max 1st Choice Realty
(912) 826-1000
Listed By:
Tara Robinson · License #302905
(912) 713-6648
Source:
Xome
Added: Jan 6
Changed: Jul 22
Last Checked: Jul 23 at 4:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max 1st Choice Realty
Investment Insights
Based on property information with market context.
This property is configured as two separate living units on one parcel. The main all-brick residence features 3 bedrooms and 1 full bath. A detached carriage home adds a 1-bedroom, 1-bath layout located above a 2-car garage. Both units are currently rented, and the property is sold as-is.
The home is situated on a large corner lot in Savannah’s Baldwin Park neighborhood. The setup provides a straightforward multifamily arrangement with an additional detached unit for flexible rental or dual-use possibilities.
The property includes the main brick residence and an attached-by-parcel detached carriage home over a 2-car garage, with each unit operating independently on the same lot.
The home is situated on a large corner lot in Savannah’s Baldwin Park neighborhood. The setup provides a straightforward multifamily arrangement with an additional detached unit for flexible rental or dual-use possibilities.
The property includes the main brick residence and an attached-by-parcel detached carriage home over a 2-car garage, with each unit operating independently on the same lot.
Key Highlights
- All‑brick main residence with 3 bedrooms and 1 full bath plus a detached 1‑bedroom carriage home
- Two separate living units on one parcel; both units are currently rented
- Detached carriage home includes a 2‑car garage
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 | $31.4k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $29.4k | $15.15 |
| − OpEx | −$8.8k | −$4.54 |
| NOI | $20.5k | $10.60 |
1,938 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.5K
$256.9K – $342.5K
NOI $20,548 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,056 @ 7.0% cap · market cap 5.31%
Theoretical Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,783 @ 7.0% cap · market cap 35.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - All-brick main home plus detached 1-bedroom carriage home sits on a large corner lot and is sold as-is.
Where is this duplex located?
The property is located at 1001 E 41st Street Savannah, GA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: All‑brick main residence with 3 bedrooms and 1 full bath plus a detached 1‑bedroom carriage home; Two separate living units on one parcel; both units are currently rented; Detached carriage home includes a 2‑car garage
