Turnkey Remodeled
1208 E 55th Street Savannah, GA 31404
1208 E 55th Street, Savannah, GA, 31404
$399,999
For Sale
$399,999
MULTI_FAMILY - Savannah, GA
Property Size1,862 SF
Lot Size0.14 Acres
Price / SF$214.82
Days on Market23
Property Features for 1208 E 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
- 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
- Standard status
- Active
- 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
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating), Central
- 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
128 Chinese Fir Ct., Pooler, GA
Listed by
Susie Sowell · License #350017
(912) 657-3569
Added: Jun 25 Checked: Jul 17 at 12:06 pm
MLS# SA359062
Listing URL
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 turnkey duplex has been completely remodeled from top to bottom. Updates include a new roof, new windows, updated electrical service, new flooring, fresh cabinetry, and remodeled bathrooms. Kitchens feature granite counters and a center island, supporting bright, open layouts within each unit.
The property is located in Savannah, GA 31404, in an R4-zoned area. It sits on a 0.1446-acre lot and is described as being minutes from Historic Downtown Savannah, shopping, dining, hospitals, parks, and major roadways.
With two residential units and extensive improvements throughout, the property is presented as ready for occupancy or immediate rental use.
The property is located in Savannah, GA 31404, in an R4-zoned area. It sits on a 0.1446-acre lot and is described as being minutes from Historic Downtown Savannah, shopping, dining, hospitals, parks, and major roadways.
With two residential units and extensive improvements throughout, the property is presented as ready for occupancy or immediate rental use.
Key Highlights
- Turnkey remodeled duplex with renovations including new roof, new windows, updated electrical service, and new flooring
- Two units with remodeled bathrooms and fresh cabinetry, plus granite counters in each spacious kitchen
- Kitchen features include center island and plumbed for ice maker; includes dishwasher, range, oven, and refrigerator
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $28.2k | $15.15 |
| − OpEx | −$8.5k | −$4.54 |
| NOI | $19.7k | $10.60 |
1,862 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.8K – $329.1K
NOI $19,743 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.2K
NOI $18,309 @ 7.0% cap · market cap 4.58%
Theoretical Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,811 @ 7.0% cap · market cap 30.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Completely remodeled duplex with new roof, windows, updated electrical, new flooring, and remodeled kitchens and bathrooms.
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 $399,999.
What are key features of this property?
This property features: Turnkey remodeled duplex with renovations including new roof, new windows, updated electrical service, and new flooring; Two units with remodeled bathrooms and fresh cabinetry, plus granite counters in each spacious kitchen; Kitchen features include center island and plumbed for ice maker; includes dishwasher, range, oven, and refrigerator
