Renovated Two-Unit
For Sale
$419,000
1317 E 54th St, Savannah, GA 31404
Updated kitchens and baths, refinished hardwood floors, new appliances, and a replacement roof support immediate residential use.
Property Size1,562 SF
Price / SF$268.25
Days on Market63
Property Features for 1317 E 54th St
General Information
Standard status
Active
Size
1,562 SF
Property subtype
Multi-Family
Building Details
Year Built
1943
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Kim L. Iocovozzi, Helen Iocovozzi · License #349206
Source:
Southeastgahomesearch
Added: Aug 14
Changed: Oct 9
Last Checked: Oct 15 at 1:28AM
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.
This two-unit duplex contains 1,562 square feet and was built in 1943. Recent improvements include sanded and varnished original hardwood flooring, fully renovated kitchens and bathrooms, new appliances, and a new roof. Current climate control consists of four window units and two space heaters, with the seller offering installation of two HVAC systems.
The property is configured for owner occupancy in one unit with the second available for rental, or for use as a two-unit residential income property. Its existing layout and completed updates provide a straightforward base for continued residential operation.
The property is configured for owner occupancy in one unit with the second available for rental, or for use as a two-unit residential income property. Its existing layout and completed updates provide a straightforward base for continued residential operation.
Key Highlights
- Two‑unit duplex with 1,562 square feet
- Built in 1943 with a new roof
- Original hardwood floors recently sanded and varnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,562
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,240
$331.2K
Cap Rate 7%
$236,600
$236.6K
Cap Rate 9%
$184,022
$184.0K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$25.3K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$23.7K $15.15/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$16.6K $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%
$331,240
Cap Rate 7%
$236,600
Cap Rate 9%
$184,022
Alternative Uses
Best Use
Multifamily LT 5
$236.6K
$207.0K – $276.0K
NOI $16,562 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$219.4K
$192.0K – $256.0K
NOI $15,359 @ 7.0% cap · market cap 3.67%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,185 @ 7.0% cap · market cap 24.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
954
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens and baths, refinished hardwood floors, new appliances, and a replacement roof support immediate residential use.
Where is this duplex located?
The property is located at 1317 E 54th St Savannah, GA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,562 square feet; Built in 1943 with a new roof; Original hardwood floors recently sanded and varnished
