Two-Unit Duplex with
For Sale
$418,000
1514 Augusta Ave, Savannah, GA 31415
Separate electric meters, private entrances, and rear concrete parking support distinct residential living spaces.
Property Size1,456 SF
Price / SF$287.09
Days on Market16
Property Features for 1514 Augusta Ave
General Information
Standard status
Active
Size
1,456 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Public Transit
Yes
Amenities
private front porch
laundry area
stainless steel appliances
Building Details
Buildings
1
Listing Agency:
Buy Sell Savannah Real Estate
(478) 284-4186
Listed By:
Jeb Stewart · License #410232
(478) 284-4186
Source:
Exprealty
Added: Jul 28
Changed: Aug 6
Last Checked: Aug 11 at 11:19AM
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 Buy Sell Savannah Real Estate
Investment Insights
Based on property information with market context.
This 1,456-square-foot duplex contains two residential units, each with 2 bedrooms, 1 bathroom, a living and dining area, kitchen, laundry area, stainless steel appliances, refrigerator, and private front porch. The lower residence has both front and side access, while the upper residence includes front and rear entrances. Each unit also has two concrete parking spaces at the rear, creating four dedicated spaces overall, along with separate electric metering.
The property is near Downtown Savannah and the Savannah College of Art and Design. A city bus stop and neighborhood park are located across the street. The seller prefers to include the adjacent lot with the duplex, providing an additional component for an investor or owner-occupant evaluating the combined offering.
The property is near Downtown Savannah and the Savannah College of Art and Design. A city bus stop and neighborhood park are located across the street. The seller prefers to include the adjacent lot with the duplex, providing an additional component for an investor or owner-occupant evaluating the combined offering.
Key Highlights
- 1,456‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units
- Each unit includes a private front porch, laundry area, and stainless steel appliances
- Two concrete rear parking spaces assigned to each unit
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
$15,438
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
3.69%
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%
$308,760
$308.8K
Cap Rate 7%
$220,543
$220.5K
Cap Rate 9%
$171,533
$171.5K
Market Conditions
NOI Build-Up for 1,456 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
$23.6K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$22.1K $15.15/SF
− OpEx
−$6.6K −$4.54/SF
NOI
$15.4K $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%
$308,760
Cap Rate 7%
$220,543
Cap Rate 9%
$171,533
Alternative Uses
Best Use
Multifamily LT 5
$220.5K
$193.0K – $257.3K
NOI $15,438 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$204.5K
$179.0K – $238.6K
NOI $14,317 @ 7.0% cap · market cap 3.43%
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,251 @ 7.0% cap · market cap 22.79%
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
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
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 - Separate electric meters, private entrances, and rear concrete parking support distinct residential living spaces.
Where is this duplex located?
The property is located at 1514 Augusta Ave Savannah, GA.
What is the asking price?
The asking price for this property is $418,000.
What are key features of this property?
This property features: 1,456‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units; Each unit includes a private front porch, laundry area, and stainless steel appliances; Two concrete rear parking spaces assigned to each unit
