Historic Duplex with Private
For Sale
$475,000
1021 E Bolton St, Savannah, GA 31401
Two-unit property with full kitchens, laundry connections, and a fenced shared yard.
Property Size2,859 SF
Price / SF$166.14
Days on Market12
Property Features for 1021 E Bolton St
General Information
Standard status
Active
Size
2,859 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,800
Amenities
hardwood flooring
private balcony
washer/dryer connections
fenced backyard
decorative fireplaces
parking
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Six Bricks LLC
Listed By:
Chelsea Phillips · License #349197
(912) 356-5001
Source:
Southeastgahomesearch
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 26 at 10:56AM
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 Six Bricks LLC
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residential units, each arranged with 3 bedrooms and 2 bathrooms. Both residences include full kitchens, washer and dryer connections, hardwood floors in common areas, and carpeted bedrooms. The upper unit adds a private balcony and three decorative fireplaces, while the lower unit has two decorative fireplaces and can be reconfigured to provide four bedrooms. Recent interior work includes repainting throughout and professional carpet cleaning.
The property is located at 1021 E Bolton Street in Savannah’s historic district context. A shared rear yard is enclosed with fencing and provides space for parking. The address is identified as 1021 E Bolton Street A & B, Savannah, GA 31401.
The property is located at 1021 E Bolton Street in Savannah’s historic district context. A shared rear yard is enclosed with fencing and provides space for parking. The address is identified as 1021 E Bolton Street A & B, Savannah, GA 31401.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit
- Upper residence includes a private balcony and 3 decorative fireplaces
- Lower unit can be converted to 4 bedrooms and has 2 decorative fireplaces
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
$30,314
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
6.38%
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%
$606,280
$606.3K
Cap Rate 7%
$433,057
$433.1K
Cap Rate 9%
$336,822
$336.8K
Market Conditions
NOI Build-Up for 2,859 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
$46.3K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$43.3K $15.15/SF
− OpEx
−$13.0K −$4.54/SF
NOI
$30.3K $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%
$606,280
Cap Rate 7%
$433,057
Cap Rate 9%
$336,822
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$378.9K – $505.2K
NOI $30,314 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 5.92%
Theoretical Best
Warehouse
$2.67M
$2.34M – $3.12M
NOI $187,034 @ 7.0% cap · market cap 39.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
488
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with full kitchens, laundry connections, and a fenced shared yard.
Where is this duplex located?
The property is located at 1021 E Bolton St Savannah, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit; Upper residence includes a private balcony and 3 decorative fireplaces; Lower unit can be converted to 4 bedrooms and has 2 decorative fireplaces
