Two-Unit Duplex with Separate
For Sale
$550,000
1118 Jefferson St, Savannah, GA 31401
Two-bedroom residences include individual living areas and full bathrooms.
Property Size1,722 SF
Price / SF$319.40
Days on Market48
Property Features for 1118 Jefferson St
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
excellent potential for updating and improvements
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Reggie Mitchell Realty
Listed By:
Reginald R. Mitchell · License #167473
(912) 349-6494
Source:
Bradberrygarnerrealestate
Added: Sep 5
Changed: Oct 7
Last Checked: Oct 7 at 2:26PM
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 Reggie Mitchell Realty
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Investment Insights
Based on property information with market context.
Located at 1118 Jefferson Street in Savannah, this duplex contains two separate residential units, each with approximately 800 square feet. Both sides include a living area, kitchen, two bedrooms, and one full bathroom, providing a consistent layout across the property. Combined interior area is approximately 1,600 square feet.
Built in 1900, the property is functional in its current condition and presents an opportunity for updating. Its Savannah location provides access to downtown, shopping, dining, employment centers, and major thoroughfares. The property can accommodate an owner-occupant arrangement, renovation of both units, or inclusion in an existing rental portfolio, as supported by the two-unit configuration.
Built in 1900, the property is functional in its current condition and presents an opportunity for updating. Its Savannah location provides access to downtown, shopping, dining, employment centers, and major thoroughfares. The property can accommodate an owner-occupant arrangement, renovation of both units, or inclusion in an existing rental portfolio, as supported by the two-unit configuration.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- Approximately 800 SF per unit and approximately 1,600 SF combined
- Each unit includes a living area, kitchen, two bedrooms, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,258
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,160
$365.2K
Cap Rate 7%
$260,829
$260.8K
Cap Rate 9%
$202,867
$202.9K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$27.9K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.1K $15.15/SF
− OpEx
−$7.8K −$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%
$365,160
Cap Rate 7%
$260,829
Cap Rate 9%
$202,867
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,258 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.2K
NOI $16,932 @ 7.0% cap · market cap 3.08%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,652 @ 7.0% cap · market cap 20.48%
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
1,727
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences include individual living areas and full bathrooms.
Where is this duplex located?
The property is located at 1118 Jefferson St Savannah, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; Approximately 800 SF per unit and approximately 1,600 SF combined; Each unit includes a living area, kitchen, two bedrooms, and full bath
