Historic Duplex With Off-Street
1111 E 35 Street Savannah, GA 31404
New
1111 E 35 Street, Savannah, GA, 31404
$439,000
For Sale
$439,000
MULTI_FAMILY - Other - Savannah, GA
Property Size2,756 SF
Lot Size0.17 Acres
Price / SF$159.29
Days on Market2
Property Features for 1111 E 35 Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RSF5
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3
- Patio and Porch features
- Porch
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 20063 03003
- Size
- 2,756 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Lot 61 & E 25 feet of lot 60, Oliver Ward
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing agency
Savannah Home Realty
(912) 655-5827
Listed by
David W. Wessel · License #293276
(912) 655-5827
Added: Jul 21 Checked: Jul 22 at 2:06AM
MLS# SA360536
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 duplex includes two two-bedroom, one-bath units, with a sunroom in each. The layout features spacious rooms with original character elements such as high ceilings and original hardwood floors. Both units have a living room fireplace, and the upstairs unit offers a walk-out front balcony. A long-lasting metal roof is also included, and the property has fenced back yards with plenty of off-street parking.
The lower unit is currently vacant, while the upper floor is leased for $1,600 per month. The property is located near the Waters Ave corridor, within walking distance to a bookstore, café, and restaurants.
Set on a relatively small lot, the building provides a practical owner-occupant or rental configuration with separated outdoor space and dedicated off-street parking.
The lower unit is currently vacant, while the upper floor is leased for $1,600 per month. The property is located near the Waters Ave corridor, within walking distance to a bookstore, café, and restaurants.
Set on a relatively small lot, the building provides a practical owner-occupant or rental configuration with separated outdoor space and dedicated off-street parking.
Key Highlights
- Huge duplex with spacious rooms, high ceilings, and original hardwood floors
- Both units include a living room fireplace; upstairs unit has a walk‑out front balcony
- Upper unit is leased for $1,600/month; lower unit is vacant
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $16.20 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $41.7k | $15.15 |
| − OpEx | −$12.5k | −$4.54 |
| NOI | $29.2k | $10.60 |
2,756 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.5K
$365.3K – $487.0K
NOI $29,222 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$387.1K
$338.7K – $451.7K
NOI $27,099 @ 7.0% cap · market cap 6.17%
Theoretical Best
Warehouse
$2.58M
$2.25M – $3.00M
NOI $180,296 @ 7.0% cap · market cap 41.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-bedroom duplex with fenced yards, original hardwood floors, and a metal roof, offering one vacant unit.
Where is this duplex located?
The property is located at 1111 E 35 Street Savannah, GA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Huge duplex with spacious rooms, high ceilings, and original hardwood floors; Both units include a living room fireplace; upstairs unit has a walk‑out front balcony; Upper unit is leased for $1,600/month; lower unit is vacant
