Renovated Duplex with Open
For Sale
Under Contract
$389,000
1208 E 55th Street, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size1,862 SF
Lot Size0.14 Acres
Price / SF$208.92
Days on Market113
Property Features for 1208 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fencing
Chain Link, Fenced
Appliances
Some Electric Appliances, Dishwasher, Electric Water Heater, Oven, Plumbed For Ice Maker, Range, Refrigerator
Subdivision
Edgemere Sub
Lot features
City Lot, Interior Lot
Directions
From Martin Luther King Jr Blvd, turn left onto W Victory Dr, turn right onto Waters Ave and left onto E 55th Street. Home will be on the left.
Standard status
Active Under Contract
APN
2009715017
Size
1,862 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1O5 EDGEMERE SUB WILKINS WARD
Tax Annual Amount
1254
Legal Description
LOT 1O5 EDGEMERE SUB WILKINS WARD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Flooring type
Vinyl
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
Southern Charm Team, LLC
(912) 657-3569
Listed By:
Susie Sowell · License #350017
(912) 356-5533
Added: Jun 25
Changed: Oct 15
Last Checked: Oct 15 at 7:06AM
MLS# SA359062
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 at 1208 E. 55th Street includes 1,862 square feet on a 0.1446-acre lot and was originally built in 1940. The property has undergone extensive renovation, including a new roof, replacement windows, updated electrical service, new flooring, cabinetry, bathrooms, and granite countertops. Both units feature open layouts with kitchens that include center islands and granite work surfaces. Additional property features include vinyl flooring, central air, electric heating, a porch, chain-link fencing, public water, and public sewer.
The property is located in Savannah, near Historic Downtown, shopping, dining, hospitals, parks, and major roadways. R4 zoning supports the property’s duplex configuration. The layout also allows an owner to occupy one unit while leasing the other, subject to applicable requirements.
The property is located in Savannah, near Historic Downtown, shopping, dining, hospitals, parks, and major roadways. R4 zoning supports the property’s duplex configuration. The layout also allows an owner to occupy one unit while leasing the other, subject to applicable requirements.
Key Highlights
- 1,862 SF duplex on a 0.1446‑acre lot
- Extensive renovation includes roof, windows, electrical service, flooring, cabinetry, bathrooms, and counters
- Both units offer open kitchen layouts with center islands and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,743
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,860
$394.9K
Cap Rate 7%
$282,043
$282.0K
Cap Rate 9%
$219,367
$219.4K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$30.2K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$28.2K $15.15/SF
− OpEx
−$8.5K −$4.54/SF
NOI
$19.7K $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%
$394,860
Cap Rate 7%
$282,043
Cap Rate 9%
$219,367
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.8K – $329.1K
NOI $19,743 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.2K
NOI $18,309 @ 7.0% cap · market cap 4.71%
Theoretical Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,811 @ 7.0% cap · market cap 31.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
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 - Remodeled two-unit property with updated systems, modern finishes, and rental-income flexibility.
Where is this duplex located?
The property is located at 1208 E 55th Street Savannah, GA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,862 SF duplex on a 0.1446‑acre lot; Extensive renovation includes roof, windows, electrical service, flooring, cabinetry, bathrooms, and counters; Both units offer open kitchen layouts with center islands and granite countertops
