Side-by-Side Duplex with Private
New
For Sale
$689,000
1505 1505-1507 Habersham St, Savannah, GA 31401
Separate living and dining rooms serve each residence, with one unit occupied and the other ready for move-in.
Property Size3,672 SF
Price / SF$187.64
Days on Market2
Property Features for 1505 1505-1507 Habersham St
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private patios
Building Details
Year Built
1900
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Mark Gugliuzza · License #343352
(912) 604-0203
Source:
Patrickrealestate
Added: Sep 26
Last Checked: Sep 26 at 2:57PM
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.
Built in 1900, this side-by-side duplex contains 3,672 square feet. Each residence has distinct living and dining rooms, high ceilings, hardwood flooring, and bedrooms with natural light. Private patios provide outdoor space for both units. One residence is occupied; the second is move-in ready.
The property is a few blocks from Forsyth, SCAD, and Downtown Savannah. The two-unit layout and separate interior spaces are complemented by outdoor areas for each residence.
The property is a few blocks from Forsyth, SCAD, and Downtown Savannah. The two-unit layout and separate interior spaces are complemented by outdoor areas for each residence.
Key Highlights
- Side‑by‑side duplex built in 1900
- 3,672 square feet
- Each unit has separate living and dining rooms, high ceilings, and hardwood floors
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
$38,934
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
5.65%
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%
$778,680
$778.7K
Cap Rate 7%
$556,200
$556.2K
Cap Rate 9%
$432,600
$432.6K
Market Conditions
NOI Build-Up for 3,672 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
$59.5K $16.20/SF
− Vacancy
−$3.9K −$1.05/SF
EGI
$55.6K $15.15/SF
− OpEx
−$16.7K −$4.54/SF
NOI
$38.9K $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%
$778,680
Cap Rate 7%
$556,200
Cap Rate 9%
$432,600
Alternative Uses
Best Use
Multifamily LT 5
$556.2K
$486.7K – $648.9K
NOI $38,934 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$515.8K
$451.3K – $601.8K
NOI $36,106 @ 7.0% cap · market cap 5.24%
Theoretical Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $240,221 @ 7.0% cap · market cap 34.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Check the figures for this property
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 - Separate living and dining rooms serve each residence, with one unit occupied and the other ready for move-in.
Where is this duplex located?
The property is located at 1505 1505-1507 Habersham St Savannah, GA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1900; 3,672 square feet; Each unit has separate living and dining rooms, high ceilings, and hardwood floors
