Two-Unit Duplex with
For Sale
$285,000
1207 E Bolton Street, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size2,254 SF
Lot Size0.04 Acres
Price / SF$126.44
Days on Market204
Property Features for 1207 E Bolton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch
Appliances
Electric Water Heater
Subdivision
Hull Ward
Lot features
Alley
Directions
From Historic Downtown Savannah, Ga. go South on MLK, Make a left on to East Anderson Street, Make a right on Paulson Street, Make a left on to 34th Street, Make a right on to Grove Street. 1701 Grove Street is located on the left hand side. Welcome Home!
Standard status
Active
APN
2004116004
Size
2,254 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
109 HULL WD JEKEL TR
Tax Annual Amount
3141
Legal Description
109 HULL WD JEKEL TR
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
1
Building materials
Frame
Roof type
Composition
Listing Agency:
Scott Realty Professionals
(912) 349-7766
Listed By:
Stephanie L. Hamilton · License #336323
(912) 844-5940
Added: Feb 7
Changed: Aug 28
Last Checked: Aug 30 at 7:06AM
MLS# SA348363
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 2,254-square-foot duplex on a 0.043-acre lot dates to 1900 and contains two residential units. Each unit is configured with 2 bedrooms and 1 bathroom, with the described potential for a third bedroom. Appliances convey with both units. The property has frame construction, composition roofing, central electric heating and central air conditioning, plus porches and on-street parking.
Located at 1207 E Bolton Street in Savannah, the property is within minutes of Historic Downtown Savannah and approximately 25 minutes from Tybee Island. Public water and public sewer serve the property, and the zoning is R4.
Located at 1207 E Bolton Street in Savannah, the property is within minutes of Historic Downtown Savannah and approximately 25 minutes from Tybee Island. Public water and public sewer serve the property, and the zoning is R4.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- 2,254 SF building on a 0.043‑acre lot
- 1900 construction with frame exterior and composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,980
$478.0K
Cap Rate 7%
$341,414
$341.4K
Cap Rate 9%
$265,544
$265.5K
Market Conditions
NOI Build-Up for 2,254 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.5K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.1K $15.15/SF
− OpEx
−$10.2K −$4.54/SF
NOI
$23.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,980
Cap Rate 7%
$341,414
Cap Rate 9%
$265,544
Alternative Uses
Best Use
Multifamily LT 5
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.4K
NOI $22,163 @ 7.0% cap · market cap 7.78%
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,456 @ 7.0% cap · market cap 51.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
382
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned duplex with separate two-bedroom, one-bath units and conveyed appliances.
Where is this duplex located?
The property is located at 1207 E Bolton Street Savannah, GA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; 2,254 SF building on a 0.043‑acre lot; 1900 construction with frame exterior and composition roof
