2-Unit Duplex with Private Outdoor
For Sale
$385,000
1115 E 32nd Street, Savannah, GA 31404
Each residence includes its own laundry area and separate living and dining rooms.
Property Size2,244 SF
Price / SF$171.57
Days on Market246
Property Features for 1115 E 32nd Street
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Duplex
Site & Location
Neighborhood
Benjamin Van Clark Park
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,281
Amenities
laundry area
Building Details
Building Size
2,244 SF
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Mary H. Smith · License #287098
(912) 596-2814
Source:
Coastwardrealty
Added: Feb 25
Changed: Oct 26
Last Checked: Oct 26 at 2:21PM
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 Keller Williams Coastal Area P
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Investment Insights
Based on property information with market context.
This 2,244-square-foot duplex, built in 1900, contains two residences with matching layouts: two bedrooms, one bathroom, a living room, and a separate dining room in each. Hardwood flooring remains in place, and both kitchens have been updated. A new roof adds a recent building improvement.
Outdoor space varies by unit, with a front porch serving the lower residence and a private balcony belonging to the upper one. Each unit also has its own laundry area. The property is in Savannah, with Daffin Park, the Historic District, and SCAD a short distance away.
Outdoor space varies by unit, with a front porch serving the lower residence and a private balcony belonging to the upper one. Each unit also has its own laundry area. The property is in Savannah, with Daffin Park, the Historic District, and SCAD a short distance away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,244‑square‑foot duplex built in 1900
- Separate living and dining rooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,793
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,860
$475.9K
Cap Rate 7%
$339,900
$339.9K
Cap Rate 9%
$264,367
$264.4K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$36.4K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.0K $15.15/SF
− OpEx
−$10.2K −$4.54/SF
NOI
$23.8K $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%
$475,860
Cap Rate 7%
$339,900
Cap Rate 9%
$264,367
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.6K
NOI $23,793 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$315.2K
$275.8K – $367.8K
NOI $22,065 @ 7.0% cap · market cap 5.73%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,801 @ 7.0% cap · market cap 38.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
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Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes its own laundry area and separate living and dining rooms.
Where is this duplex located?
The property is located at 1115 E 32nd Street Savannah, GA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,244‑square‑foot duplex built in 1900; Separate living and dining rooms in each unit
