Renovated
For Sale
$379,900
1213-1215 E 55th St, Savannah, GA 31404
Two separate residences support tenant occupancy or owner use.
Property Size1,560 SF
Price / SF$243.53
Days on Market60
Property Features for 1213-1215 E 55th St
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi-Family
Building Details
Year Built
1944
Tenancy
Multi
Listing Agency:
Seaport Real Estate Group
Listed By:
Ben J. Bluemle · License #339518
(912) 202-2042
Source:
Myhomesearchtriangle
Added: Aug 17
Changed: Oct 1
Last Checked: Oct 14 at 11:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seaport Real Estate Group
Investment Insights
Based on property information with market context.
This 1,560-square-foot duplex contains two independent residences, each arranged with 2 bedrooms and 1 bathroom. Renovation work has been completed throughout both sides, including refreshed interiors and modern finishes, allowing the property to be occupied without the need for additional renovation work described in the listing.
Built in 1944, the property is located at 1213-1215 E 55th St in Savannah, Georgia. Its two-unit configuration provides separate living spaces for tenant occupancy or owner use, subject to applicable requirements.
Built in 1944, the property is located at 1213-1215 E 55th St in Savannah, Georgia. Its two-unit configuration provides separate living spaces for tenant occupancy or owner use, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 1,560 SF of total property size
- Each residence includes 2 bedrooms and 1 bathroom
- Renovations completed across both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,541
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,820
$330.8K
Cap Rate 7%
$236,300
$236.3K
Cap Rate 9%
$183,789
$183.8K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$25.3K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$23.6K $15.15/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$16.5K $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%
$330,820
Cap Rate 7%
$236,300
Cap Rate 9%
$183,789
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.7K
NOI $15,339 @ 7.0% cap · market cap 4.04%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,054 @ 7.0% cap · market cap 26.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
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 - Two separate residences support tenant occupancy or owner use.
Where is this duplex located?
The property is located at 1213-1215 E 55th St Savannah, GA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,560 SF of total property size; Each residence includes 2 bedrooms and 1 bathroom; Renovations completed across both units
