Renovated Duplex with
For Sale
$599,000
1012 E Park Avenue, Savannah, GA 31401
Separate electric and water service, updated building systems, and three off-street parking spaces serve the two-unit property.
Property Size2,528 SF
Price / SF$236.95
Days on Market11
Property Features for 1012 E Park Avenue
General Information
Standard status
Active
Size
2,528 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Average Monthly Rent
$2,000
Utilities to Site
Yes
Multifamily Units
2
Amenities
balconies
clawfoot tub
stainless steel appliances
marble countertops
hardwood flooring
Building Details
Year Renovated
2019
Buildings
1
Listing Agency:
Clickit Realty
Listed By:
Susan H. Ayers · License #347205
(678) 344-1600
Source:
Exprealty
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 11:10PM
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 Clickit Realty
Investment Insights
Based on property information with market context.
This two-unit duplex was renovated in 2019, including new wiring and plumbing, HVAC systems, stainless steel appliances, marble countertops, and refinished hardwood floors. The property also features two balconies and a clawfoot tub. Electric and water service are separately metered for the units; the building has no gas service.
Three off-street parking spaces are provided. The property is located at 1012 E Park Avenue in Savannah, Georgia. The rear area is described as having capacity for a carriage house with two additional units.
Three off-street parking spaces are provided. The property is located at 1012 E Park Avenue in Savannah, Georgia. The rear area is described as having capacity for a carriage house with two additional units.
Key Highlights
- Two‑unit duplex renovated in 2019
- Separate electric and water service; no gas
- Three off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,804
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,080
$536.1K
Cap Rate 7%
$382,914
$382.9K
Cap Rate 9%
$297,822
$297.8K
Market Conditions
NOI Build-Up for 2,528 SF
Gross rent
$41.0K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$38.3K $15.15/SF
− OpEx
−$11.5K −$4.54/SF
NOI
$26.8K $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 Rate 5%
$536,080
Cap Rate 7%
$382,914
Cap Rate 9%
$297,822
Alternative Uses
Best Use
Multifamily LT 5
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$355.1K
$310.7K – $414.3K
NOI $24,858 @ 7.0% cap · market cap 4.15%
Theoretical Best
Warehouse
$2.36M
$2.07M – $2.76M
NOI $165,381 @ 7.0% cap · market cap 27.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
463
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water service, updated building systems, and three off-street parking spaces serve the two-unit property.
Where is this duplex located?
The property is located at 1012 E Park Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex renovated in 2019; Separate electric and water service; no gas; Three off‑street parking spaces
