Two-Unit
For Sale
$550,000
1118 Jefferson Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size1,722 SF
Lot Size0.04 Acres
Price / SF$319.40
Days on Market48
Property Features for 1118 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RIP
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Appliances
Electric Water Heater
Lot features
City Lot, Interior Lot
Directions
From Downtown Savannah take Liberty Street to Jefferson. Jefferson South to 1118 Jefferson
Standard status
Active
APN
2005216012
Size
1,722 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH 26 FEET OF THE SOUTH ONE HALF OF LOT 9 GUE WARD
Tax Annual Amount
4993
Legal Description
NORTH 26 FEET OF THE SOUTH ONE HALF OF LOT 9 GUE WARD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Listing Agency:
Reggie Mitchell Realty
Listed By:
Reginald R. Mitchell · License #167473
(912) 658-0201
Added: Sep 1
Changed: Sep 24
Last Checked: Oct 18 at 10:06PM
MLS# SA363694
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.
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Investment Insights
Based on property information with market context.
This Savannah duplex contains two separate residences, each arranged with a kitchen, living area, two bedrooms, and a full bathroom. The building dates to 1900 and has hardwood flooring and wood siding. Central heating and central air conditioning serve the property.
The parcel measures 0.0364 acres and is zoned RIP. Public water and sewer service the property.
The parcel measures 0.0364 acres and is zoned RIP. Public water and sewer service the property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Separate kitchen and living area in each unit
- 0.0364‑acre parcel zoned RIP
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
Explore this area
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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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 - Each residence has two bedrooms and one full bathroom, with its own kitchen and living area.
Where is this duplex located?
The property is located at 1118 Jefferson Street 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 residences, each with 2 bedrooms and 1 full bathroom; Separate kitchen and living area in each unit; 0.0364‑acre parcel zoned RIP
