Updated Duplex with Hardwood
For Sale
$459,000
1223 & 1225 E 70th St, Savannah, GA 31404
Two independent units support flexible owner-occupant or rental use in Midtown Savannah.
Property Size1,683 SF
Price / SF$272.73
Days on Market66
Property Features for 1223 & 1225 E 70th St
General Information
Standard status
Active
Size
1,683 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
patio
Building Details
Year Built
1948
Buildings
1
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Samuel J. Bates · License #422215
(404) 644-4339
Source:
Southeastgahomesearch
Added: Aug 11
Changed: Oct 9
Last Checked: Oct 7 at 3:59PM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
Built in 1948, this 1,683-square-foot duplex contains two separate units, each arranged with two bedrooms and one bathroom. Both residences feature original hardwood flooring through the living areas and bedrooms, along with upgraded kitchens equipped with granite countertops, white cabinetry, stainless steel appliances, and open shelving. A large outdoor patio adds shared space for gathering or relaxation, while off-street parking provides added convenience.
The property is located in Midtown Savannah at 1223 & 1225 E 70th St, near major hospitals, shopping centers, and Downtown Savannah. The two-unit configuration supports multiple ownership strategies, including occupying one residence while leasing the other or renting both units.
The property is located in Midtown Savannah at 1223 & 1225 E 70th St, near major hospitals, shopping centers, and Downtown Savannah. The two-unit configuration supports multiple ownership strategies, including occupying one residence while leasing the other or renting both units.
Key Highlights
- Two‑unit duplex with 1,683 SF of total property size
- Each unit includes 2 bedrooms and 1 bathroom
- Upgraded kitchens with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,845
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,900
$356.9K
Cap Rate 7%
$254,929
$254.9K
Cap Rate 9%
$198,278
$198.3K
Market Conditions
NOI Build-Up for 1,683 SF
Gross rent
$27.3K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$25.5K $15.15/SF
− OpEx
−$7.6K −$4.54/SF
NOI
$17.8K $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%
$356,900
Cap Rate 7%
$254,929
Cap Rate 9%
$198,278
Alternative Uses
Best Use
Multifamily LT 5
$254.9K
$223.1K – $297.4K
NOI $17,845 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$236.4K
$206.9K – $275.8K
NOI $16,549 @ 7.0% cap · market cap 3.61%
Theoretical Best
Warehouse
$1.57M
$1.38M – $1.84M
NOI $110,101 @ 7.0% cap · market cap 23.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,791
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 independent units support flexible owner-occupant or rental use in Midtown Savannah.
Where is this duplex located?
The property is located at 1223 & 1225 E 70th St Savannah, GA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,683 SF of total property size; Each unit includes 2 bedrooms and 1 bathroom; Upgraded kitchens with granite countertops and stainless steel appliances
