Updated Duplex with Private
For Sale
$574,900
200 Kinzie Ave, Savannah, GA 31404
Renovated mid-century property with a separate-entry living area, full kitchen, fenced yard, and flexible residential income potential.
Property Size2,156 SF
Price / SF$266.65
Days on Market46
Property Features for 200 Kinzie Ave
General Information
Standard status
Active
Size
2,156 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
patio
fire pit
fenced backyard
Building Details
Year Built
1950
Buildings
1
Construction
mid-century modern
Listing Agency:
McIntosh Realty Team LLC
Listed By:
Sarah Sullivan · License #419783
(912) 346-7109
Source:
Patrickrealestate
Added: Jul 20
Changed: Aug 30
Last Checked: Sep 1 at 10:32PM
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 McIntosh Realty Team LLC
Investment Insights
Based on property information with market context.
This 2,156-square-foot duplex, built in 1950, combines mid-century character with extensive updates. The primary residence includes three bedrooms, two full bathrooms, hardwood flooring, large windows, and a double-sided fireplace linking the living room with the kitchen. An attached private suite has its own entrance, full kitchen, bedroom and living area, and full bathroom, creating a distinct second living space within the property.
Set on a generous lot in Gordonston, the home is positioned back from the road and enclosed by mature landscaping. The fully fenced backyard includes a patio and fire pit, with additional room for gardening, pets, play, or outdoor gatherings. The property is located near Downtown Savannah, hospitals, shopping, dining, and Tybee Island.
Set on a generous lot in Gordonston, the home is positioned back from the road and enclosed by mature landscaping. The fully fenced backyard includes a patio and fire pit, with additional room for gardening, pets, play, or outdoor gatherings. The property is located near Downtown Savannah, hospitals, shopping, dining, and Tybee Island.
Key Highlights
- 2,156‑square‑foot duplex built in 1950
- Primary residence offers 3 bedrooms and 2 full bathrooms
- Attached suite includes a private entrance, full kitchen, bedroom/living area, and full bathroom
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
$22,860
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
3.98%
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%
$457,200
$457.2K
Cap Rate 7%
$326,571
$326.6K
Cap Rate 9%
$254,000
$254.0K
Market Conditions
NOI Build-Up for 2,156 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
$34.9K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$32.7K $15.15/SF
− OpEx
−$9.8K −$4.54/SF
NOI
$22.9K $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%
$457,200
Cap Rate 7%
$326,571
Cap Rate 9%
$254,000
Alternative Uses
Best Use
Multifamily LT 5
$326.6K
$285.8K – $381.0K
NOI $22,860 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$302.9K
$265.0K – $353.3K
NOI $21,200 @ 7.0% cap · market cap 3.69%
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.35M
NOI $141,045 @ 7.0% cap · market cap 24.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
294
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated mid-century property with a separate-entry living area, full kitchen, fenced yard, and flexible residential income potential.
Where is this duplex located?
The property is located at 200 Kinzie Ave Savannah, GA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 2,156‑square‑foot duplex built in 1950; Primary residence offers 3 bedrooms and 2 full bathrooms; Attached suite includes a private entrance, full kitchen, bedroom/living area, and full bathroom
