Historic Victorian
For Sale
$525,000
218 W Anderson St, Savannah, GA 31401
Two residential units share a gated courtyard, rear decks, and two off-street parking spaces.
Property Size2,202 SF
Price / SF$238.42
Days on Market82
Property Features for 218 W Anderson St
General Information
Standard status
Active
Size
2,202 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Jenny Rutherford Real Estate,
Listed By:
Jennifer L. Rutherford · License #343627
(912) 472-4413
Source:
Patrickrealestate
Added: Jul 26
Changed: Sep 11
Last Checked: Oct 7 at 5:24PM
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 Jenny Rutherford Real Estate,
Investment Insights
Based on property information with market context.
This historic Victorian duplex contains 2,202 square feet, two units, and a combined 5BR/2BA layout. Built in 1900, the property includes linoleum wood-look flooring throughout both residences, new rear stairs and decks, and access from Anderson Street and the courtyard. The upper unit offers three bedrooms and one bathroom, with recent kitchen and bathroom updates, stainless steel appliances, and a gas cooking range. A loft ladder behind a concealed door leads to a third-floor bonus room that can serve as additional flexible space.
Both residences share a spacious courtyard with gated access from the parking lane and Anderson Street. The property includes two off-street parking spaces. Its setting places the duplex within walking distance of SCAD buildings and Forsyth Park, with Broughton Street and Savannah’s Historic District approximately a 10-minute walk away. The lower unit is tenant occupied through lease expiration in August.
Both residences share a spacious courtyard with gated access from the parking lane and Anderson Street. The property includes two off-street parking spaces. Its setting places the duplex within walking distance of SCAD buildings and Forsyth Park, with Broughton Street and Savannah’s Historic District approximately a 10-minute walk away. The lower unit is tenant occupied through lease expiration in August.
Key Highlights
- 2,202‑square‑foot Victorian duplex with 2 units and a combined 5BR/2BA layout
- Built in 1900 with new rear stairs and decks
- Upper 3BR/1BA unit has updated kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,348
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,960
$467.0K
Cap Rate 7%
$333,543
$333.5K
Cap Rate 9%
$259,422
$259.4K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$35.7K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.4K $15.15/SF
− OpEx
−$10.0K −$4.54/SF
NOI
$23.3K $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 Rate 5%
$466,960
Cap Rate 7%
$333,543
Cap Rate 9%
$259,422
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.9K – $389.1K
NOI $23,348 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 4.12%
Theoretical Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,054 @ 7.0% cap · market cap 27.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
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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
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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 residential units share a gated courtyard, rear decks, and two off-street parking spaces.
Where is this duplex located?
The property is located at 218 W Anderson St 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: 2,202‑square‑foot Victorian duplex with 2 units and a combined 5BR/2BA layout; Built in 1900 with new rear stairs and decks; Upper 3BR/1BA unit has updated kitchen and bathroom
