Duplex with Upstairs
For Sale
$489,900
1007 Maupas Ave, Savannah, GA 31401
Hardwood floors, a sunroom, courtyard, and central heating and air add functional character to this flexible property.
Property Size1,722 SF
Price / SF$284.49
Days on Market42
Property Features for 1007 Maupas Ave
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
hardwood floors
fireplace
laundry room
central heating and air
sunroom
courtyard
Building Details
Year Built
1935
Buildings
1
Listing Agency:
Eighteen O'Two Realty LLC
(912) 220-9806
Listed By:
Wynn Martin · License #374726
Source:
Barefootbrokers
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 29 at 12:20PM
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 Eighteen O'Two Realty LLC
Investment Insights
Based on property information with market context.
Located at 1007 Maupas Ave in Savannah, this duplex includes an upstairs studio and approximately 1,722 square feet of finished space. The property offers 3 bedrooms and 2 baths, with hardwood floors, a fireplace, a dedicated laundry room, and central heating and air. A sunroom expands the usable interior, while the courtyard provides an outdoor area.
Built in 1935, the property combines residential character with a configuration that can accommodate separate living arrangements. Off-street parking is available, with additional street parking. The address is near Daffin Park and shopping, placing the property within Savannah’s in-town area.
Built in 1935, the property combines residential character with a configuration that can accommodate separate living arrangements. Off-street parking is available, with additional street parking. The address is near Daffin Park and shopping, placing the property within Savannah’s in-town area.
Key Highlights
- Duplex with an upstairs studio
- 3 bedrooms, 2 baths, and approximately 1,722 square feet
- Built in 1935 with hardwood floors and a fireplace
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
$18,258
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
3.73%
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%
$365,160
$365.2K
Cap Rate 7%
$260,829
$260.8K
Cap Rate 9%
$202,867
$202.9K
Market Conditions
NOI Build-Up for 1,722 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
$27.9K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.1K $15.15/SF
− OpEx
−$7.8K −$4.54/SF
NOI
$18.3K $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%
$365,160
Cap Rate 7%
$260,829
Cap Rate 9%
$202,867
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,258 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.2K
NOI $16,932 @ 7.0% cap · market cap 3.46%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,652 @ 7.0% cap · market cap 22.99%
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
557
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 - Hardwood floors, a sunroom, courtyard, and central heating and air add functional character to this flexible property.
Where is this duplex located?
The property is located at 1007 Maupas Ave Savannah, GA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Duplex with an upstairs studio; 3 bedrooms, 2 baths, and approximately 1,722 square feet; Built in 1935 with hardwood floors and a fireplace
