Duplex with Solar
New
For Sale
$325,000
1714 E 39th Street, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size1,210 SF
Lot Size0.17 Acres
Price / SF$268.60
Days on Market3
Property Features for 1714 E 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Zoning description
Multi Family
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1
Parking features
Off Street
Interior features
Ceiling Fan(s)
Fencing
Fenced
Appliances
Dishwasher, Electric Water Heater, Oven, Range
Subdivision
Victory Manor Sub
Lot features
City Lot
Directions
From Truman Pkwy. West on Victory, right on Hibiscus, Right on E 39th, unit on Left
Standard status
Active
APN
2006118016
Size
1,210 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 25 VICTORY MANOR SUB, SAUSSY WARD
Tax Annual Amount
4796
Legal Description
LOT 25 VICTORY MANOR SUB, SAUSSY WARD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Roof type
Asphalt
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Shannee L. Theus · License #390473
(315) 289-6677
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 7:06PM
MLS# SA363110
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.
This duplex contains two residential units within a 1,210-square-foot property on a 0.1653-acre lot. Recent improvements include a new roof, HVAC, and siding, along with updated bathrooms. Both kitchens feature granite countertops and new cabinets. One unit includes installed solar panels. Additional features include central air, electric heating, ceiling fans, a dishwasher, range, oven, electric water heater, fenced grounds, and off-street parking. The property is served by public water and public sewer and has R6 zoning.
The address is within walking distance of Whole Foods, downtown Savannah, and Grayson Stadium. Truman Parkway is approximately three minutes away by car, providing access to the surrounding area. Built in 1940, the property combines a duplex configuration with documented interior and exterior updates.
The address is within walking distance of Whole Foods, downtown Savannah, and Grayson Stadium. Truman Parkway is approximately three minutes away by car, providing access to the surrounding area. Built in 1940, the property combines a duplex configuration with documented interior and exterior updates.
Key Highlights
- Two‑unit duplex with 1,210 square feet of property size
- 0.1653‑acre lot with R6 zoning
- New roof, HVAC, and siding
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
$12,830
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
3.95%
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%
$256,600
$256.6K
Cap Rate 7%
$183,286
$183.3K
Cap Rate 9%
$142,556
$142.6K
Market Conditions
NOI Build-Up for 1,210 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
$19.6K $16.20/SF
− Vacancy
−$1.3K −$1.05/SF
EGI
$18.3K $15.15/SF
− OpEx
−$5.5K −$4.54/SF
NOI
$12.8K $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%
$256,600
Cap Rate 7%
$183,286
Cap Rate 9%
$142,556
Alternative Uses
Best Use
Multifamily LT 5
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$170.0K
$148.7K – $198.3K
NOI $11,898 @ 7.0% cap · market cap 3.66%
Theoretical Best
Warehouse
$1.13M
$989.5K – $1.32M
NOI $79,158 @ 7.0% cap · market cap 24.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated kitchens, bathrooms, roof, HVAC, and siding.
Where is this duplex located?
The property is located at 1714 E 39th Street Savannah, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,210 square feet of property size; 0.1653‑acre lot with R6 zoning; New roof, HVAC, and siding
