Corner Lot Duplex with Detached
For Sale
$258,000
Pending
126 W 59th St, Savannah, GA 31405
Duplex on a corner lot with two detached garages, split into upper and lower 2BR/1BA units.
Property Size1,560 SF
Days on Market144
Property Features for 126 W 59th St
General Information
Standard status
Pending
Size
1,560 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1926
Listing Agency:
Six Bricks LLC
Listed By:
Nathaniel Snyder · License #375119
(912) 356-5001
Source:
Searchgreateraugustahomes
Added: Apr 14
Changed: Sep 1
Last Checked: Sep 4 at 7:27AM
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
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
$16,541
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
6.41%
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%
$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
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
$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 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%
$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 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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
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 - 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
