New Construction Duplex with
For Sale
$914,900
1228 E Anderson St Unit A & B, Savannah, GA 31404
Two modern rental units offer private suites, open living areas, and a fenced outdoor setting near Downtown Savannah.
Property Size3,494 SF
Price / SF$261.85
Days on Market46
Property Features for 1228 E Anderson St Unit A & B
General Information
Standard status
Active
Size
3,494 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Amenities
courtyard
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Realty One Group Inclusion
Listed By:
Inna Adams · License #385233
(912) 844-1846
Source:
Augustaaikenhomefinder
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 2 at 6:45PM
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 Realty One Group Inclusion
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two separately configured residences totaling 3,494 square feet. Each unit offers three bedrooms, 3.5 bathrooms, an open living and dining arrangement, high ceilings, an electric fireplace, and a kitchen with wood cabinetry, quartz counters, premium appliances, and a large island. All bedrooms include en-suite bathrooms and walk-in closets. The upper residence adds tray ceilings, a balcony, and storage, while the property also includes a fully fenced courtyard.
Located at 1228 E Anderson St Unit A & B in Savannah, the property is minutes from Downtown Savannah, SCAD, hospitals, parks, restaurants, shopping, and historic attractions. Tenants are already in place. The configuration supports separate occupancy, including long-term or executive rental use, multigenerational living, or an owner-occupant arrangement, as described in the property information.
Located at 1228 E Anderson St Unit A & B in Savannah, the property is minutes from Downtown Savannah, SCAD, hospitals, parks, restaurants, shopping, and historic attractions. Tenants are already in place. The configuration supports separate occupancy, including long-term or executive rental use, multigenerational living, or an owner-occupant arrangement, as described in the property information.
Key Highlights
- New construction completed in 2025
- Two units with 3 bedrooms and 3.5 bathrooms each
- 3,494 square feet total; each unit is nearly 1,750 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,940
$740.9K
Cap Rate 7%
$529,243
$529.2K
Cap Rate 9%
$411,633
$411.6K
Market Conditions
NOI Build-Up for 3,494 SF
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.
Gross rent
$56.6K $16.20/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$52.9K $15.15/SF
− OpEx
−$15.9K −$4.54/SF
NOI
$37.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,940
Cap Rate 7%
$529,243
Cap Rate 9%
$411,633
Alternative Uses
Best Use
Multifamily LT 5
$529.2K
$463.1K – $617.5K
NOI $37,047 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$490.8K
$429.5K – $572.6K
NOI $34,356 @ 7.0% cap · market cap 3.76%
Theoretical Best
Warehouse
$3.27M
$2.86M – $3.81M
NOI $228,576 @ 7.0% cap · market cap 24.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
415
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 modern rental units offer private suites, open living areas, and a fenced outdoor setting near Downtown Savannah.
Where is this duplex located?
The property is located at 1228 E Anderson St Unit A & B Savannah, GA.
What is the asking price?
The asking price for this property is $914,900.
What are key features of this property?
This property features: New construction completed in 2025; Two units with 3 bedrooms and 3.5 bathrooms each; 3,494 square feet total; each unit is nearly 1,750 square feet
