Renovated Brick
For Sale
$949,900
19 W 50th Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size3,724 SF
Lot Size0.22 Acres
Price / SF$255.08
Days on Market23
Property Features for 19 W 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM25
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 2
Parking features
On Street, Off Street
Patio and Porch features
Porch, Patio
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Appliances
Electric Water Heater
Subdivision
Wright Ward
Directions
From MLK Blvd turn onto W Victory. take a right on Barnard St then left on W 50th. Arrive.
Standard status
Active
APN
2008816007
Size
3,724 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LTS 61 62 + 63 WRIGHT WD
Tax Annual Amount
5982
Legal Description
LTS 61 62 + 63 WRIGHT WD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
fireplaces
central heating and air
off-street parking
covered front porches and balconies
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Accent · RE/MAX International
(912) 756-5888
Listed By:
Teresa H. Cowart · License #290798
(912) 667-1881
Added: Sep 9
Changed: Sep 23
Last Checked: Oct 1 at 10:06PM
MLS# SA364137
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 1930 brick duplex contains two separate three-bedroom, two-bath residences totaling approximately 3,724 square feet. The interiors were comprehensively renovated in 2018, including electrical wiring, while retaining classic brick construction and two fireplaces. Central heating and air conditioning serve both residences, with covered front porches, balconies, patios, and fencing adding practical outdoor features.
The property occupies approximately 0.217 acres in Savannah, Georgia, with access to public water and public sewer. Parking is available both on site and along the street. RM25 zoning supports the property's multifamily classification, and the two-residence layout provides flexibility for rental use, owner occupancy, or multigenerational living.
The property occupies approximately 0.217 acres in Savannah, Georgia, with access to public water and public sewer. Parking is available both on site and along the street. RM25 zoning supports the property's multifamily classification, and the two-residence layout provides flexibility for rental use, owner occupancy, or multigenerational living.
Key Highlights
- Two 3BR/2BA residences with 6 bedrooms and 4 bathrooms total
- Approximately 3,724 square feet on a 0.217‑acre lot
- 1930 brick construction with interiors comprehensively renovated in 2018
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
$39,485
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
4.16%
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%
$789,700
$789.7K
Cap Rate 7%
$564,071
$564.1K
Cap Rate 9%
$438,722
$438.7K
Market Conditions
NOI Build-Up for 3,724 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
$60.3K $16.20/SF
− Vacancy
−$3.9K −$1.05/SF
EGI
$56.4K $15.15/SF
− OpEx
−$16.9K −$4.54/SF
NOI
$39.5K $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%
$789,700
Cap Rate 7%
$564,071
Cap Rate 9%
$438,722
Alternative Uses
Best Use
Multifamily LT 5
$564.1K
$493.6K – $658.1K
NOI $39,485 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$523.1K
$457.7K – $610.3K
NOI $36,618 @ 7.0% cap · market cap 3.85%
Theoretical Best
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,622 @ 7.0% cap · market cap 25.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
937
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
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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 fully updated residences offer separate living spaces, covered outdoor areas, fireplaces, and off-street parking.
Where is this duplex located?
The property is located at 19 W 50th Street Savannah, GA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Two 3BR/2BA residences with 6 bedrooms and 4 bathrooms total; Approximately 3,724 square feet on a 0.217‑acre lot; 1930 brick construction with interiors comprehensively renovated in 2018
