TC-1 Mixed-Use Duplex with Two
For Sale
$1,195,000
1014 Abercorn Street, Savannah, GA 31401
MULTI_FAMILY - Other - Savannah, GA
Property Size3,040 SF
Lot Size0.04 Acres
Price / SF$393.09
Days on Market235
Property Features for 1014 Abercorn Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
TC-1
Zoning description
Commercial, Mixed use, Multi Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2
Parking features
Off Street
Interior features
Pull Down Attic Stairs
Exterior features
Balcony
Appliances
Some Gas Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
Lot features
Corner Lot, City Lot, Level
Directions
Corner of Abercorn St and E Waldburg Ln
Standard status
Active
APN
2004427012
Size
3,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
NW PT LOT 18 WHITE WD PRB 39P 90,91
Legal Description
NW PT LOT 18 WHITE WD PRB 39P 90,91
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber, Rolled Hot Mop
Architectural style
Other
Listing Agency:
Waterline Real Estate Group
(912) 786-4474
Listed By:
Brent Palmer · License #268312
(912) 272-8489
Added: Dec 19, 2025
Changed: Aug 10
Last Checked: Aug 11 at 8:06PM
MLS# SA345508
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 TC-1 zoned mixed-use property is configured by combining two distinct units, creating a 5-bedroom, 3-bath layout with two full kitchens and two separate living rooms. The ground-level unit is described as approved for retail or commercial use under TC-1, while the upper level remains residential. The property is presented as a proven short-term vacation rental setup, currently generating more than $130,000 annually per the provided remarks.
Located in Savannah’s Historic District at 1014 Abercorn Street, the listing emphasizes a highly walkable setting with access to downtown amenities. The combined configuration supports multiple ways to operate, including continuing as a short-term rental or using the ground level for commercial activity while keeping the upper level residential.
With 3,040 square feet of total space on a 0.039-acre lot, the property is positioned for flexibility under TC-1 zoning, which is described as supporting a broad range of commercial, office, service, and residential uses.
Located in Savannah’s Historic District at 1014 Abercorn Street, the listing emphasizes a highly walkable setting with access to downtown amenities. The combined configuration supports multiple ways to operate, including continuing as a short-term rental or using the ground level for commercial activity while keeping the upper level residential.
With 3,040 square feet of total space on a 0.039-acre lot, the property is positioned for flexibility under TC-1 zoning, which is described as supporting a broad range of commercial, office, service, and residential uses.
Key Highlights
- 3040 SF TC‑1 zoned mixed‑use property in Savannah’s Historic District, built in 1890 (brick construction).
- Configured as a 5BR/3BA with two distinct units, including two full kitchens and two separate living rooms.
- Ground‑level unit is approved for retail or commercial use under TC‑1 zoning; upper level remains residential.
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
$42,264
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
3.54%
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%
$845,280
$845.3K
Cap Rate 7%
$603,771
$603.8K
Cap Rate 9%
$469,600
$469.6K
Market Conditions
NOI Build-Up for 3,040 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
$67.5K $22.20/SF
− Vacancy
−$11.1K −$3.66/SF
EGI
$56.4K $18.54/SF
− OpEx
−$14.1K −$4.63/SF
NOI
$42.3K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$845,280
Cap Rate 7%
$603,771
Cap Rate 9%
$469,600
Alternative Uses
Best Use
Office B
$603.8K
$528.3K – $704.4K
NOI $42,264 @ 7.0% cap · market cap 3.54%
Second Best
Mixed Use
$491.7K
$430.3K – $573.7K
NOI $34,422 @ 7.0% cap · market cap 2.88%
Theoretical Best
Warehouse
$2.84M
$2.49M – $3.31M
NOI $198,875 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,275
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 Office in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - TC-1 zoned property configured with two full kitchens and two separate living rooms across two combined units.
Where is this duplex located?
The property is located at 1014 Abercorn Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 3040 SF TC‑1 zoned mixed‑use property in Savannah’s Historic District, built in 1890 (brick construction).; Configured as a 5BR/3BA with two distinct units, including two full kitchens and two separate living rooms.; Ground‑level unit is approved for retail or commercial use under TC‑1 zoning; upper level remains residential.
