Brick Duplex with
For Sale
$525,000
202 E 64th Street, Savannah, GA 31405
B-C zoning and STVR eligibility support flexible residential use with a separately accessed apartment and fenced outdoor space.
Property Size2,277 SF
Price / SF$230.57
Days on Market270
Property Features for 202 E 64th Street
General Information
Standard status
Active
Size
2,277 SF
Property subtype
Ranch
Taxes and HOA fees
Annual Taxes
$1,916
Amenities
Central Air, Electric
3
Brick
In Ground
Brick Wall, Wood, Privacy Fence, Fenced Yard
Front Porch
Parking. Dock Facilities. Fenced Yard.
Garage, Off Street, Side/Rear, Private, Asphalt.
Panoramic
In-ground
Private Dock, Back Yard, Garage. In City, Asphalt, Private Roads.
Building Details
Year Built
1950
Listing Agency:
Keller Williams Coastal Area P
(912) 356-5001
Listed By:
Lyndsay Smith · License #365539
Source:
Xome
Added: Dec 5, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:04PM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
Located at 202 E 64th Street in Savannah, this 2,277-square-foot brick duplex was built in 1950 and combines a primary residence with an attached apartment. The main home includes an updated kitchen, dining room, family room, keeping or sunroom, 2 bedrooms, and 2 full bathrooms. A private entrance serves the 1-bedroom, 1-bath apartment, which has its own kitchen and living room. Central air and electric service are provided throughout the property.
The exterior includes a fenced backyard, in-ground pool, front porch, detached storage shop, garage, and off-street asphalt parking. B-C zoning permits STVR use, and the property is described as being within a short walk of Habersham Village shops and restaurants. The combination of separate living quarters, outdoor amenities, and zoning flexibility supports a range of residential arrangements.
The exterior includes a fenced backyard, in-ground pool, front porch, detached storage shop, garage, and off-street asphalt parking. B-C zoning permits STVR use, and the property is described as being within a short walk of Habersham Village shops and restaurants. The combination of separate living quarters, outdoor amenities, and zoning flexibility supports a range of residential arrangements.
Key Highlights
- 2,277‑square‑foot brick duplex built in 1950
- Main residence with 2 bedrooms, 2 full baths, updated kitchen, dining room, family room, and sunroom
- Attached 1‑bed/1‑bath apartment with separate entrance, full kitchen, and living room
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
$24,143
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
4.60%
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%
$482,860
$482.9K
Cap Rate 7%
$344,900
$344.9K
Cap Rate 9%
$268,256
$268.3K
Market Conditions
NOI Build-Up for 2,277 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
$36.9K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.5K $15.15/SF
− OpEx
−$10.3K −$4.54/SF
NOI
$24.1K $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%
$482,860
Cap Rate 7%
$344,900
Cap Rate 9%
$268,256
Alternative Uses
Best Use
Multifamily LT 5
$344.9K
$301.8K – $402.4K
NOI $24,143 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$319.8K
$279.9K – $373.2K
NOI $22,389 @ 7.0% cap · market cap 4.26%
Theoretical Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,960 @ 7.0% cap · market cap 28.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
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 - B-C zoning and STVR eligibility support flexible residential use with a separately accessed apartment and fenced outdoor space.
Where is this duplex located?
The property is located at 202 E 64th Street Savannah, GA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,277‑square‑foot brick duplex built in 1950; Main residence with 2 bedrooms, 2 full baths, updated kitchen, dining room, family room, and sunroom; Attached 1‑bed/1‑bath apartment with separate entrance, full kitchen, and living room
