Two-Story Duplex
For Sale
$349,000
1201 McCormick Street, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size2,180 SF
Lot Size0.24 Acres
Price / SF$160.09
Days on Market67
Property Features for 1201 McCormick Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSF-6
Zoning description
Multi Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Appliances
Electric Water Heater, Oven, Range, Refrigerator
Lot features
Corner Lot, City Lot, Level
Directions
From downtown Savannah, take Abercorn Street south to E Victory Drive, east to Waters Avenue, south to E 52nd Street, then east to McCormick Street. The duplex is at 1201 McCormick Street.
Standard status
Active
APN
2005604001
Size
2,180 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LTS 85 86 ELLOYD HGTS HARDWICK W D
Tax Annual Amount
5824
Legal Description
LTS 85 86 ELLOYD HGTS HARDWICK W D
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
2
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
The Commercial Group
(912) 354-9000
Listed By:
Joseph Solana · License #435296
(912) 663-9576
Added: Aug 5
Changed: Sep 12
Last Checked: Oct 10 at 6:06AM
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.
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
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,615 @ 7.0% cap · market cap 40.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
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
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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
