Historic Duplex with
New
For Sale
$625,000
1519 Jefferson Street, Savannah, GA 31401
Savannah, GA
Property Size2,856 SF
Price / SF$218.84
Days on Market5
Property Features for 1519 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 5
Subdivision
Thomas Square
Standard status
Active
Size
2,856 SF
Amenities
front and rear porches
Building Details
Year built
1890
Listing Agency:
Engel & Volkers Savannah · Engel & Völkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 5 at 4:06PM
MLS# SA365550
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,856-square-foot duplex, built in 1890, is arranged as two residences. The lower unit has three bedrooms, one full bath and one half bath. Upstairs, the layout includes three to four bedrooms, a full bath and a flexible room that can serve as an office or small bedroom. Interior details include tall ceilings, heart pine flooring, fireplace mantels, and natural light, with porches at both the front and rear.
The property is in Savannah’s Thomas Square Streetcar Historic District, with Forsyth Park, SCAD, downtown, restaurants, coffee shops and shopping described as nearby. Its two-unit configuration supports separate living arrangements, with rental income also identified as a potential use.
The property is in Savannah’s Thomas Square Streetcar Historic District, with Forsyth Park, SCAD, downtown, restaurants, coffee shops and shopping described as nearby. Its two-unit configuration supports separate living arrangements, with rental income also identified as a potential use.
Key Highlights
- 2,856 square feet; built in 1890
- Two units: lower residence has 3 bedrooms, 1 full bath and 1 half bath
- Upper residence offers 3–4 bedrooms, 1 full bath and an additional 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 separate residences offer adaptable bedroom layouts and opportunities for rental income.
Where is this duplex located?
The property is located at 1519 Jefferson Street 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 feet; built in 1890; Two units: lower residence has 3 bedrooms, 1 full bath and 1 half bath; Upper residence offers 3–4 bedrooms, 1 full bath and an additional flex room
