Renovated
For Sale
$379,900
1213-1215 E 55th Street, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size1,560 SF
Lot Size0.21 Acres
Price / SF$243.53
Days on Market53
Property Features for 1213-1215 E 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2
Appliances
Electric Water Heater
Subdivision
Edgemere Sub
Directions
north on waters ave / right on 55th St
Standard status
Active
APN
2009721014
Size
1,560 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 132 EDGEMERE SUB WILKINS WAR D
Tax Annual Amount
2213
Legal Description
LOT 132 EDGEMERE SUB WILKINS WAR D
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1944
Floors in Building
1
Building materials
Brick
Listing Agency:
Seaport Real Estate Group
Listed By:
Ben J. Bluemle · License #339518
(912) 210-4767
Added: Sep 8
Changed: Oct 22
Last Checked: Oct 30 at 12:06AM
MLS# SA363689
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains 1,560 square feet arranged as two separate residences, with each side providing 2 bedrooms and 1 bathroom. Built in 1944, the property has undergone renovation and includes updated interior finishes. Central heating and central air conditioning serve the units, with electric water heating and public water and sewer also in place.
The property occupies 0.2066 acres and is located in Savannah, Georgia. R4 zoning supports its multifamily classification. Separate living spaces provide flexibility for tenant occupancy or owner use, subject to applicable zoning and occupancy requirements.
The property occupies 0.2066 acres and is located in Savannah, Georgia. R4 zoning supports its multifamily classification. Separate living spaces provide flexibility for tenant occupancy or owner use, subject to applicable zoning and occupancy requirements.
Key Highlights
- Renovated duplex with 1,560 square feet of total building area
- Two units, each with 2 bedrooms and 1 bathroom
- Brick construction dating to 1944
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy options with updated interiors and central HVAC.
Where is this duplex located?
The property is located at 1213-1215 E 55th Street 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: Renovated duplex with 1,560 square feet of total building area; Two units, each with 2 bedrooms and 1 bathroom; Brick construction dating to 1944
