Two-Unit Duplex with Rear
1514 Augusta Avenue, Savannah, GA 31415
For Sale
$418,000
Residential Income, Savannah, GA
Property Size1,456 SF
Lot Size0.07 Acres
Price / SF$287.09
Days on Market108
Property Features for 1514 Augusta Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Buy Sell Savannah Real Estate
(912) 313-2759
Listed By:
Jeb Stewart · License GA #410232
(478) 284-4186
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 11 at 12:06AM
MLS# SA361384
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,456-square-foot duplex, built in 1940, contains two residences with matching layouts of two bedrooms and one bathroom. Both units include living and dining areas, kitchens with stainless steel appliances and refrigerators, laundry areas, and private front porches. The lower residence has front and side access, while the upper residence provides front and rear entrances. Each unit is assigned two concrete parking spaces at the rear, and separate electric meters support independent utility service.
The property is located at 1514 Augusta Avenue in Savannah, near Downtown Savannah and the Savannah College of Art and Design. A city bus stop and neighborhood park are positioned across the street. The property is zoned R4 and includes public water and public sewer service, central air conditioning, electric heat pump systems, vinyl and carpet flooring, block construction, and an asphalt roof.
The property is located at 1514 Augusta Avenue in Savannah, near Downtown Savannah and the Savannah College of Art and Design. A city bus stop and neighborhood park are positioned across the street. The property is zoned R4 and includes public water and public sewer service, central air conditioning, electric heat pump systems, vinyl and carpet flooring, block construction, and an asphalt roof.
Key Highlights
- Two‑unit duplex with 1,456 square feet of building area
- Each residence offers 2 bedrooms, 1 bathroom, kitchen, laundry area, and private front porch
- Two concrete rear parking spaces assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,438
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
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
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 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
Office A
$393.1K
$344.0K – $458.6K
NOI $27,518 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
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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
$112,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Savannah, GA
Properties on Market for Duplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separately metered residences offer private entrances, porches, laundry areas, and dedicated off-street parking.
Where is this duplex located?
The property is located at 1514 Augusta Avenue 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: Two‑unit duplex with 1,456 square feet of building area; Each residence offers 2 bedrooms, 1 bathroom, kitchen, laundry area, and private front porch; Two concrete rear parking spaces assigned to each unit
