Brick
New
For Sale
$750,000
219 E 56th Street, Savannah, GA 31405
Residential Income, Savannah, GA
Property Size3,687 SF
Lot Size0.16 Acres
Price / SF$203.42
Days on Market1
Property Features for 219 E 56th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Electric Water Heater, Oven, Dryer, Refrigerator, Washer
Subdivision
Ardsley Park
Directions
South on Habersham St, left on 56th St
Standard status
Active
APN
20095 02005
Size
3,687 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
E PT 10 ALL 11 12 BLK 9
Legal Description
E PT 10 ALL 11 12 BLK 9
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile, Vinyl
Building materials
Brick
Roof type
Asphalt
Architectural style
Colonial
Buildings
1
Listing Agency:
Serhant Georgia LLC
(646) 480-7665
Listed By:
Matthew D. Myles · License #441309
(912) 944-9955
Added: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# SA366967
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.
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Investment Insights
Based on property information with market context.
This 1935 brick duplex contains two apartments: one with two bedrooms and one bathroom, and another with four bedrooms and two bathrooms. Both units are leased, with terms ending in December 2026 and August 2027, respectively. HVAC equipment and water heaters have been replaced. The property includes a porch, off-street parking, and a 0.16-acre lot, with R6 zoning.
Set in Savannah’s Ardmore area, the home is within walking distance of Hull Park, Daffin Park, Savannah Arts Academy, and Habersham Village. Forsyth Park, the downtown Historic District, Starland District, and SCAD are also described as minutes away. Public water and sewer serve the property.
Set in Savannah’s Ardmore area, the home is within walking distance of Hull Park, Daffin Park, Savannah Arts Academy, and Habersham Village. Forsyth Park, the downtown Historic District, Starland District, and SCAD are also described as minutes away. Public water and sewer serve the property.
Key Highlights
- Two apartments: 2 bedrooms and 1 bathroom; 4 bedrooms and 2 bathrooms
- 0.16‑acre lot with off‑street parking
- R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,093
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,860
$781.9K
Cap Rate 7%
$558,471
$558.5K
Cap Rate 9%
$434,367
$434.4K
Market Conditions
NOI Build-Up for 3,687 SF
Gross rent
$59.7K $16.20/SF
− Vacancy
−$3.9K −$1.05/SF
EGI
$55.8K $15.15/SF
− OpEx
−$16.8K −$4.54/SF
NOI
$39.1K $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 Rate 5%
$781,860
Cap Rate 7%
$558,471
Cap Rate 9%
$434,367
Alternative Uses
Best Use
Multifamily LT 5
$558.5K
$488.7K – $651.6K
NOI $39,093 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$517.9K
$453.2K – $604.2K
NOI $36,254 @ 7.0% cap · market cap 4.83%
Theoretical Best
Warehouse
$3.45M
$3.02M – $4.02M
NOI $241,202 @ 7.0% cap · market cap 32.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased apartments offer a combined two-bedroom and four-bedroom configuration in Savannah.
Where is this duplex located?
The property is located at 219 E 56th Street Savannah, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two apartments: 2 bedrooms and 1 bathroom; 4 bedrooms and 2 bathrooms; 0.16‑acre lot with off‑street parking; R6 zoning
