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 Market30
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: Oct 3
Last Checked: Oct 7 at 5:21PM
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 / Yr
$30,314
Cap Rate
6.38%
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 6.38%
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.
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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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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-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
