Duplex with Detached Carriage
New
For Sale
$625,000
1106 A Walthour Road, Savannah, GA 31410
Residential Income, Savannah, GA
Property Size2,141 SF
Lot Size0.34 Acres
Price / SF$291.92
Days on Market2
Property Features for 1106 A Walthour Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Single Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4
Window features
Double Pane Windows
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fan(s)
Exterior features
Deck, Fire Pit
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Refrigerator
Subdivision
Wilmington East
Lot features
Interior Lot
Directions
Head east on E Victory Dr toward Johnny Mercer Blvd / US-80 East. Follow US-80 E across the Wilmington River onto Wilmington Island. Turn right onto Walthour Rd. Continue on Walthour Rd to 1106A Walthour Rd.
Standard status
Active
APN
1006501011A
Size
2,141 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 7B WALTHOUR PLACE
Tax Annual Amount
4029
Legal Description
LT 7B WALTHOUR PLACE
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
sunroom
fire pit
back deck
private backyard
walk-in closet
exposed beams
one-car garage
laundry
Building Details
Year built
1995
Floors in Building
1
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Sarah J. Pounders · License #394165
(404) 210-9383
Added: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# SA363705
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 R1-zoned duplex property includes a 2,141-square-foot primary residence and a detached one-bedroom carriage house with its own kitchen, living area, bedroom, and full bathroom. The main home offers three bedrooms, a sunroom, formal dining room, living room, and a renovated kitchen with soft-close cabinetry, Cambria quartz counters, backsplash, floating shelves, and a breakfast nook. New luxury vinyl plank flooring extends through the downstairs, while the upper level has new carpet and a primary suite with a walk-in closet and private bath.
Outdoor features include a rebuilt rear deck, fenced backyard, porch, and fire pit. Additional improvements include a downstairs HVAC replacement in 2025, exterior painting in 2024, a crawlspace moisture barrier, sprinkler system supplied by a shallow well, and a one-car garage with adjacent laundry. The home has public water, septic service, no HOA, and cable availability. Located at 1106 A Walthour Road in Savannah’s Wilmington Island area, the property is built on 0.34 acres and was completed in 1995.
Outdoor features include a rebuilt rear deck, fenced backyard, porch, and fire pit. Additional improvements include a downstairs HVAC replacement in 2025, exterior painting in 2024, a crawlspace moisture barrier, sprinkler system supplied by a shallow well, and a one-car garage with adjacent laundry. The home has public water, septic service, no HOA, and cable availability. Located at 1106 A Walthour Road in Savannah’s Wilmington Island area, the property is built on 0.34 acres and was completed in 1995.
Key Highlights
- Detached one‑bedroom carriage house with kitchen, living area, bedroom, and full bathroom
- 2,141 square feet on a 0.34‑acre wooded lot
- R1 zoning with public water, septic tank, and no HOA
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
$22,701
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
3.63%
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%
$454,020
$454.0K
Cap Rate 7%
$324,300
$324.3K
Cap Rate 9%
$252,233
$252.2K
Market Conditions
NOI Build-Up for 2,141 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
$34.7K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$32.4K $15.15/SF
− OpEx
−$9.7K −$4.54/SF
NOI
$22.7K $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%
$454,020
Cap Rate 7%
$324,300
Cap Rate 9%
$252,233
Alternative Uses
Best Use
Multifamily LT 5
$324.3K
$283.8K – $378.4K
NOI $22,701 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$300.7K
$263.2K – $350.9K
NOI $21,052 @ 7.0% cap · market cap 3.37%
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $140,063 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 31410, GA
23,782
Population
10,263
Households
2.3
Avg Household Size
45
Median Age
51%
College-Educated
98%
High-School Grad
22.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$97,225
Median Household Income
$54,693
Median Earnings
$1,702
Median Rent
$367,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Wooded Wilmington Island property combines an updated primary residence with a separate apartment and flexible household space.
Where is this duplex located?
The property is located at 1106 A Walthour Road Savannah, GA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Detached one‑bedroom carriage house with kitchen, living area, bedroom, and full bathroom; 2,141 square feet on a 0.34‑acre wooded lot; R1 zoning with public water, septic tank, and no HOA
