Two-Story Duplex
1201 McCormick Street, Savannah, GA 31404
For Sale
$349,000
Residential Income, Savannah, GA
Property Size2,180 SF
Lot Size0.24 Acres
Price / SF$160.09
Days on Market98
Property Features for 1201 McCormick Street
General Information
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Zoning description
Bedrooms
Bathrooms
Full bathrooms
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Appliances
Lot features
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Standard status
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Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
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Building Details
Year built
Floors in Building
Number of units
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Architectural style
Buildings
Listing Agency:
The Commercial Group
(912) 354-9000
Listed By:
Joseph Solana · License GA #435296
(912) 663-9576
Added: Aug 5
Changed: Oct 31
Last Checked: Nov 10 at 2:06AM
MLS# SA362064
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 two-story duplex contains 2,180 square feet on a 0.2397-acre parcel and was built in 1949. The property includes two residential units, with one currently occupied and the other vacant. Existing features include a frame structure, electric central heating, central air conditioning, an electric water heater, and public water and sewer service. Appliances include an oven, range, and refrigerator.
Located at 1201 McCormick Street in Savannah’s 31404 area, the property offers access to downtown Savannah, the medical corridor, Midtown, and the east side. It is zoned RSF-6 and is being offered in as-is condition. No seller’s property disclosure is available, and buyers are to verify square footage, condition, and any existing lease arrangements.
Located at 1201 McCormick Street in Savannah’s 31404 area, the property offers access to downtown Savannah, the medical corridor, Midtown, and the east side. It is zoned RSF-6 and is being offered in as-is condition. No seller’s property disclosure is available, and buyers are to verify square footage, condition, and any existing lease arrangements.
Key Highlights
- Two‑unit duplex with 2,180 square feet of building area
- 0.2397‑acre lot at 1201 McCormick Street, Savannah, GA 31404
- Built in 1949 with frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,114
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,280
$462.3K
Cap Rate 7%
$330,200
$330.2K
Cap Rate 9%
$256,822
$256.8K
Market Conditions
NOI Build-Up for 2,180 SF
Gross rent
$35.3K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.0K $15.15/SF
− OpEx
−$9.9K −$4.54/SF
NOI
$23.1K $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%
$462,280
Cap Rate 7%
$330,200
Cap Rate 9%
$256,822
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,114 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$306.2K
$268.0K – $357.3K
NOI $21,436 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$588.6K
$515.0K – $686.7K
NOI $41,202 @ 7.0% cap · market cap 11.81%
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
333
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
$193,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Savannah, GA
Properties on Market for Duplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is occupied, while the second unit is vacant and available for a new tenancy or owner occupancy.
Where is this duplex located?
The property is located at 1201 McCormick Street Savannah, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,180 square feet of building area; 0.2397‑acre lot at 1201 McCormick Street, Savannah, GA 31404; Built in 1949 with frame construction
