Historic
New
For Sale
$625,000
1519 Jefferson Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size2,856 SF
Lot Size0.05 Acres
Price / SF$218.84
Days on Market1
Property Features for 1519 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 1, Bedroom 5, Bathroom 3
Parking features
On Street
Window features
Double Pane Windows
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fan(s), Pull Down Attic Stairs
Exterior features
Balcony, Deck
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Oven, Range, Dryer, Refrigerator, Washer
Subdivision
Thomas Square
Lot features
City Lot, Historic District
Directions
From Downtown: Go south on Jefferson, past Anderson. Duplex address is 1519-1521 Jefferson.
Standard status
Active
APN
2-0066-11-022
Size
2,856 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
NORTH PORTION OF LOT 31 & NORTHEAST PORTION OF LOT30 LESTER WARD PRB 34P
Legal Description
NORTH PORTION OF LOT 31 & NORTHEAST PORTION OF LOT30 LESTER WARD PRB 34P
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Electric, Heat Pump, Central Air
Water source
Public
Amenities
front porch
rear porch
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Frame, Wood Siding
Roof type
Composition, Asphalt, Metal
Architectural style
Victorian
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Oct 1
Last Checked: Oct 1 at 8:06PM
MLS# SA365550
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.
Investment Insights
Based on property information with market context.
Built in 1890, this 2,856-square-foot Victorian duplex contains two units on a 0.05-acre lot. The lower unit has three bedrooms, one full bath, and one half bath; the upper unit has three to four bedrooms, one full bath, and a flex room. Interior details include tall ceilings, heart pine floors, fireplace mantels, and porches at the front and rear.
The property is in Savannah’s Thomas Square Streetcar Historic District, near neighborhood restaurants, coffee shops, shopping, SCAD, Forsyth Park, and Downtown Savannah. Public water and sewer serve the property, and parking is on street.
The property is in Savannah’s Thomas Square Streetcar Historic District, near neighborhood restaurants, coffee shops, shopping, SCAD, Forsyth Park, and Downtown Savannah. Public water and sewer serve the property, and parking is on street.
Key Highlights
- Two‑unit Victorian property built in 1890
- 2,856 square feet on a 0.05‑acre lot
- Lower unit: 3 bedrooms, 1 full bath, and 1 half bath
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
$30,282
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
4.85%
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%
$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
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
$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 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%
$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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two separate units offer varied bedroom layouts, with an additional flex room upstairs.
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: Two‑unit Victorian property built in 1890; 2,856 square feet on a 0.05‑acre lot; Lower unit: 3 bedrooms, 1 full bath, and 1 half bath
