Corner Lot Duplex with Detached
126 W 59th St Savannah, GA 31405
126 W 59th St, Savannah, GA, 31405
$258,000
For Sale
$258,000
Duplex on a corner lot with two detached garages, split into upper and lower 2BR/1BA units.
Property Size1,560 SF
Price / SF$165.38
Days on Market104
Property Features for 126 W 59th St
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1926
Listing Agency
Six Bricks LLC
(912) 356-5001
Listed by
Nathaniel Snyder · License #375119
Source
Searchgreateraugustahomes
Added: Apr 9 Updated: Jul 20 at 1:45 am Checked: Jul 20 at 1:45 am
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 Six Bricks LLC
Investment Insights
Based on property information with market context.
This duplex is set on a spacious corner lot and is configured with two separate units: an upper unit and a lower unit. Per the property remarks, each unit includes 2 bedrooms and 1 bath, for a total of 4BR/2BA. The property also features two detached garages, providing additional enclosed parking/storage for the units.
The public remarks note the duplex is located about two blocks from Bull Street, placing it within a convenient area close to nearby amenities.
The remarks further describe the upstairs unit as vacant, with the lower unit referenced in connection with prior rental history. Overall, the layout supports straightforward use of one unit and rental of the other, or renting both units depending on an owner’s goals.
The public remarks note the duplex is located about two blocks from Bull Street, placing it within a convenient area close to nearby amenities.
The remarks further describe the upstairs unit as vacant, with the lower unit referenced in connection with prior rental history. Overall, the layout supports straightforward use of one unit and rental of the other, or renting both units depending on an owner’s goals.
Key Highlights
- Duplex on a corner lot built in 1926, split into upper and lower units
- Each unit offers 2 bedrooms and 1 bathroom (4BR/2BA total)
- Two detached garages on the property
Local Financial Insights For Multifamily LT 5
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 | $25.3k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $23.6k | $15.15 |
| − OpEx | −$7.1k | −$4.54 |
| NOI | $16.5k | $10.60 |
1,560 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.7K
NOI $15,339 @ 7.0% cap · market cap 5.95%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,054 @ 7.0% cap · market cap 39.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex on a corner lot with two detached garages, split into upper and lower 2BR/1BA units.
Where is this duplex located?
The property is located at 126 W 59th St Savannah, GA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Duplex on a corner lot built in 1926, split into upper and lower units; Each unit offers 2 bedrooms and 1 bathroom (4BR/2BA total); Two detached garages on the property
