Brick Duplex with Detached
For Sale
$349,900
1147 Graydon Street A B C, Savannah, GA 31404
Two three-bedroom, two-bath residences are complemented by a separate one-bedroom apartment.
Property Size2,765 SF
Price / SF$126.55
Days on Market213
Property Features for 1147 Graydon Street A B C
General Information
Standard status
Active
Size
2,765 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Benjamin Van Clark Park
Units
Unit Mix
2 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,552
Building Details
Building Size
2,765 SF
Year Built
1920
Buildings
2
Construction
brick
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Ben Barksdale · License #262950
(912) 844-8772
Source:
Coastwardrealty
Added: Mar 31
Changed: Oct 26
Last Checked: Oct 26 at 3:08PM
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.
Built in 1920, this brick duplex includes two three-bedroom, two-bath units in the main building. A detached apartment adds one bedroom and one bathroom. The property contains 2,765 square feet overall.
Key Highlights
- 2,765‑square‑foot property built in 1920
- Brick main building with two three‑bedroom, two‑bath units
- Detached apartment with one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,317
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,340
$586.3K
Cap Rate 7%
$418,814
$418.8K
Cap Rate 9%
$325,744
$325.7K
Market Conditions
NOI Build-Up for 2,765 SF
Gross rent
$44.8K $16.20/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$41.9K $15.15/SF
− OpEx
−$12.6K −$4.54/SF
NOI
$29.3K $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%
$586,340
Cap Rate 7%
$418,814
Cap Rate 9%
$325,744
Alternative Uses
Best Use
Multifamily LT 5
$418.8K
$366.5K – $488.6K
NOI $29,317 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 7.77%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,885 @ 7.0% cap · market cap 51.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
363
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 - Two three-bedroom, two-bath residences are complemented by a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 1147 Graydon Street A B C Savannah, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,765‑square‑foot property built in 1920; Brick main building with two three‑bedroom, two‑bath units; Detached apartment with one bedroom and one bathroom
