Two-Unit Duplex with Private
For Sale
$450,000
1021 E Bolton St, Savannah, GA 31401
Both residences have full kitchens, washer and dryer connections, and access to a fenced shared yard.
Property Size2,859 SF
Price / SF$157.40
Days on Market39
Property Features for 1021 E Bolton St
General Information
Standard status
Active
Size
2,859 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,800
Listing Agency:
Six Bricks LLC
(912) 200-9044
Listed By:
Chelsea Phillips · License #349197
(912) 332-0465
Source:
Exprealty
Added: Sep 15
Changed: Oct 21
Last Checked: Oct 21 at 2:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms and two bathrooms. The upper unit includes a private balcony and three decorative fireplaces; the lower unit has two decorative fireplaces and can be configured with four bedrooms. Hardwood floors are present in common areas, with carpet in the bedrooms. Both units have full kitchens and washer and dryer connections in hall closets, and the property has been repainted with carpets professionally cleaned.
A fenced backyard is shared by both units and provides space for parking. The building contains 2,859 square feet and is located at 1021 E Bolton St in Savannah, Georgia.
A fenced backyard is shared by both units and provides space for parking. The building contains 2,859 square feet and is located at 1021 E Bolton St in Savannah, Georgia.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Upper unit features a private balcony and 3 decorative fireplaces
- Lower unit has 2 decorative fireplaces and can be reconfigured to 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,314
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
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
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 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 6.74%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$2.67M
$2.34M – $3.12M
NOI $187,034 @ 7.0% cap · market cap 41.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have full kitchens, washer and dryer connections, and access to 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 $450,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Upper unit features a private balcony and 3 decorative fireplaces; Lower unit has 2 decorative fireplaces and can be reconfigured to 4 bedrooms
