Remodeled Duplex with Fenced
For Sale
$350,000
1024 W 39th St, Savannah, GA 31415
Completely remodeled duplex with two updated 2-bedroom, 1-bath units, each with central heat/air and a private fenced backyard.
Property Size1,728 SF
Price / SF$202.55
Days on Market141
Property Features for 1024 W 39th St
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
central heat and air
stainless steel appliances
washer and dryer
security system
private fenced backyard
Building Details
Year Built
1935
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Berthenia M. Brown · License #395620
(912) 596-0017
Source:
Searchgreateraugustahomes
Added: Jun 5
Changed: Oct 1
Last Checked: Oct 20 at 9:30PM
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 Keller Williams Coastal Area P
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Investment Insights
Based on property information with market context.
This completely remodeled duplex offers two updated units, each featuring 2 bedrooms and 1 bathroom. Both units include central heat and air, a spacious living room, an eat-in kitchen, fresh paint, and new LVP flooring. Kitchens come with stainless steel appliances, and each unit is equipped with a stove and refrigerator, plus washer and dryer. The property also includes a security system and a private fenced backyard for each unit.
The duplex is conveniently located just minutes from downtown and I-16, providing straightforward access for tenants and day-to-day commuting.
Each unit is separately appointed with matching upgrades and in-unit laundry, creating a clean, move-in-ready configuration for residential income use.
The duplex is conveniently located just minutes from downtown and I-16, providing straightforward access for tenants and day-to-day commuting.
Each unit is separately appointed with matching upgrades and in-unit laundry, creating a clean, move-in-ready configuration for residential income use.
Key Highlights
- Completely remodeled duplex with two updated units at 1024 W. 39th Street (year built 1935)
- Each unit offers 2 bedrooms and 1 bathroom
- Central heat and air in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,322
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,440
$366.4K
Cap Rate 7%
$261,743
$261.7K
Cap Rate 9%
$203,578
$203.6K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$28.0K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.2K $15.15/SF
− OpEx
−$7.9K −$4.54/SF
NOI
$18.3K $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%
$366,440
Cap Rate 7%
$261,743
Cap Rate 9%
$203,578
Alternative Uses
Best Use
Multifamily LT 5
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$242.7K
$212.4K – $283.2K
NOI $16,991 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $113,045 @ 7.0% cap · market cap 32.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Completely remodeled duplex with two updated 2-bedroom, 1-bath units, each with central heat/air and a private fenced backyard.
Where is this duplex located?
The property is located at 1024 W 39th St Savannah, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Completely remodeled duplex with two updated units at 1024 W. 39th Street (year built 1935); Each unit offers 2 bedrooms and 1 bathroom; Central heat and air in both units
