Duplex Residential Income
For Sale
$305,000
1207 E Bolton Street, Savannah, GA 31404
MULTI_FAMILY - Savannah, GA
Property Size2,254 SF
Lot Size0.04 Acres
Price / SF$135.31
Days on Market180
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 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
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
Electric (Heating), Central
Cooling system
Central Air, Electric
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: Jul 18
Last Checked: Aug 6 at 7:06PM
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 duplex residential income property features two separate units, each with 2 bedrooms and 1 bath. The floorplans are described as spacious, and there is potential to add a third bedroom in each unit. Appliances are set to convey with each unit, which can help streamline move-in or turnover for an owner-occupant and tenant.
The property is located in Savannah, GA, within minutes of Historic Downtown Savannah and approximately 25 minutes from Tybee Island. The site size is listed as 0.043 acres, with a total property size of 2,254 square feet.
For buyers looking for a live-in-and-rent arrangement, the duplex configuration supports occupying one unit while leasing the other. It also may appeal to investors seeking a two-unit residential setup, with the added consideration of potential third-bedroom modifications and appliance conveyance across both units. Schedule a showing to review the layout and confirm feasibility of the third-bedroom potential for each unit.
The property is located in Savannah, GA, within minutes of Historic Downtown Savannah and approximately 25 minutes from Tybee Island. The site size is listed as 0.043 acres, with a total property size of 2,254 square feet.
For buyers looking for a live-in-and-rent arrangement, the duplex configuration supports occupying one unit while leasing the other. It also may appeal to investors seeking a two-unit residential setup, with the added consideration of potential third-bedroom modifications and appliance conveyance across both units. Schedule a showing to review the layout and confirm feasibility of the third-bedroom potential for each unit.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units—each unit has potential to add a 3rd bedroom
- Appliances convey with each unit, including electric water heater
- Central heating and central air conditioning; electric heating and electric cooling listed
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
7.84%
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 7.84%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.4K
NOI $22,163 @ 7.0% cap · market cap 7.27%
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,456 @ 7.0% cap · market cap 48.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units plus possible third-bedroom layout options.
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 $305,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units—each unit has potential to add a 3rd bedroom; Appliances convey with each unit, including electric water heater; Central heating and central air conditioning; electric heating and electric cooling listed
