Duplex with Two
New
For Sale
$599,000
1012 E Park Avenue, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size2,528 SF
Lot Size0.08 Acres
Price / SF$236.95
Days on Market1
Property Features for 1012 E Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Zoning description
Multi Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Pull Down Attic Stairs, Fireplace
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Oven, Plumbed For Ice Maker, Range, Range Hood, Dryer, Refrigerator, Washer
Subdivision
Kelly Ward
Lot features
City Lot
Directions
From Victory go north on Paulsen, make a right on Park Ave, house is on the left.
Standard status
Active
APN
2004214006
Size
2,528 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 270 KELLY WARD
Tax Annual Amount
4059
Legal Description
LOT 270 KELLY WARD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
stainless steel appliances
marble countertops
hardwood flooring
balconies
clawfoot tub
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick, Frame
Roof type
Asphalt
Architectural style
Victorian
Listing Agency:
Clickit Realty
(678) 344-1600
Listed By:
Susan H. Ayers · License #347205
(888) 875-4218
Added: Oct 5
Last Checked: Oct 5 at 4:06PM
MLS# SA365924
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 2,528-square-foot duplex contains two residences and was renovated in 2019. Improvements included new wiring and plumbing, HVAC systems, stainless steel appliances, marble countertops, and refinished hardwood floors. The property dates to 1900 and includes two balconies, a porch, and a fireplace. It sits on a 0.079-acre lot in Savannah and is zoned R4.
Off-street parking accommodates three vehicles. The units have separate electric and water utilities; the property uses public water and sewer. Current lease expirations are January 2027 and April 2027.
Off-street parking accommodates three vehicles. The units have separate electric and water utilities; the property uses public water and sewer. Current lease expirations are January 2027 and April 2027.
Key Highlights
- 2,528‑square‑foot duplex on a 0.079‑acre lot
- Renovated in 2019 with new wiring, plumbing, HVAC systems, appliances, countertops, and hardwood flooring
- Two residences with separate electric and water utilities
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Check the figures for this property
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 - Two residences have separate electric and water service, along with central heating and cooling.
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: 2,528‑square‑foot duplex on a 0.079‑acre lot; Renovated in 2019 with new wiring, plumbing, HVAC systems, appliances, countertops, and hardwood flooring; Two residences with separate electric and water utilities
