Savannah Duplex For
123 Spring Street Savannah, GA 31408
123 Spring Street, Savannah, GA, 31408
$125,000
Pending
For Sale
$125,000
Pending
MULTI_FAMILY - Savannah, GA
Property Size1,092 SF
Lot Size0.30 Acres
Days on Market265
Property Features for 123 Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
- Appliances
- Electric Water Heater
- Standard status
- Pending
- APN
- 2071701001
- Size
- 1,092 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LT 11 BLK 9 WOODVILLE
- Tax Annual Amount
- 1197
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Electric (Heating)
- Cooling system
- Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Wood Siding
Listing agency
Neighborhood Realty
(912) 920-3338
Listed by
Twana O. Nuniss · License #395507
(501) 541-2474
Added: Nov 1, 2025 Updated: Jul 8 at 7:37PM Checked: Jul 23 at 3:06AM
MLS# SA343965
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 multifamily property in Savannah, Georgia, is a duplex featuring two units, each with two bedrooms and one bathroom. The property is zoned R2 and has a building size of 1092 square feet. The lot size is approximately 0.3 acres.
Key Highlights
- Duplex with 2 bed and 1 bath units
- Year built: 1955
- Public water and public sewer
Local Financial Insights For Apartment 5plus
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 | $20.8k | $19.08 |
| − Vacancy | −$1.3k | −$1.20 |
| EGI | $19.5k | $17.88 |
| − OpEx | −$8.8k | −$8.05 |
| NOI | $10.7k | $9.83 |
1,092 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$165.4K
$144.7K – $193.0K
NOI $11,578 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$153.4K
$134.2K – $179.0K
NOI $10,738 @ 7.0% cap · market cap 8.59%
Theoretical Best
Warehouse
$1.02M
$893.0K – $1.19M
NOI $71,438 @ 7.0% cap · market cap 57.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit residential income property in Savannah, Georgia.
Where is this duplex located?
The property is located at 123 Spring Street Savannah, GA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Duplex with 2 bed and 1 bath units; Year built: 1955; Public water and public sewer
