Historic
New
For Sale
$625,000
1519 Jefferson St, Savannah, GA 31401
Two residences offer flexible bedroom arrangements, with an additional flex room in the upper unit.
Property Size2,856 SF
Price / SF$218.84
Days on Market5
Property Features for 1519 Jefferson St
General Information
Standard status
Active
Size
2,856 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
front porch
rear porch
Building Details
Buildings
1
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Source:
Exprealty
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 4 at 7:11PM
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 Engel & Volkers
Investment Insights
Based on property information with market context.
This 2,856-square-foot duplex in Savannah’s Thomas Square Streetcar Historic District contains two residences. The lower unit has three bedrooms, one full bathroom and one half bathroom. Upstairs, the layout includes three to four bedrooms, one full bathroom and a flex room. Interior details include tall ceilings, heart pine flooring, fireplace mantles and abundant natural light; front and rear porches provide outdoor space.
Neighborhood restaurants, coffee shops, shopping, SCAD, Forsyth Park and Downtown Savannah are described as walkable from the property. The building’s two-unit configuration and distinct floor plans offer a range of living arrangements.
Neighborhood restaurants, coffee shops, shopping, SCAD, Forsyth Park and Downtown Savannah are described as walkable from the property. The building’s two-unit configuration and distinct floor plans offer a range of living arrangements.
Key Highlights
- 2,856‑square‑foot duplex in the Thomas Square Streetcar Historic District
- Lower unit has 3 bedrooms, 1 full bath and 1 half bath
- Upper unit has 3 to 4 bedrooms, 1 full bath and a flex room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,282
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,640
$605.6K
Cap Rate 7%
$432,600
$432.6K
Cap Rate 9%
$336,467
$336.5K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$46.3K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$43.3K $15.15/SF
− OpEx
−$13.0K −$4.54/SF
NOI
$30.3K $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%
$605,640
Cap Rate 7%
$432,600
Cap Rate 9%
$336,467
Alternative Uses
Best Use
Multifamily LT 5
$432.6K
$378.5K – $504.7K
NOI $30,282 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$401.2K
$351.0K – $468.1K
NOI $28,083 @ 7.0% cap · market cap 4.49%
Theoretical Best
Warehouse
$2.67M
$2.34M – $3.11M
NOI $186,838 @ 7.0% cap · market cap 29.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,699
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
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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 - Two residences offer flexible bedroom arrangements, with an additional flex room in the upper unit.
Where is this duplex located?
The property is located at 1519 Jefferson St Savannah, GA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,856‑square‑foot duplex in the Thomas Square Streetcar Historic District; Lower unit has 3 bedrooms, 1 full bath and 1 half bath; Upper unit has 3 to 4 bedrooms, 1 full bath and a flex room
