Three-Story 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 Market7
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 2, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 1
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
Central Air, Electric
Water source
Public
Building Details
Year built
1935
Floors in Building
3
Number of units
2
Flooring type
Vinyl, Tile, Hardwood
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
Changed: Oct 27
Last Checked: Oct 29 at 2:06AM
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.
Built in 1935, this three-story brick duplex contains 3,687 square feet across two residences. The ground-floor unit has two bedrooms and one bathroom, while the four-bedroom, two-bathroom unit occupies the second and third floors. Central stairs connect the building, and screened porches provide outdoor space. HVAC systems and water heaters have been replaced recently.
The property occupies a 0.16-acre lot with off-street parking and R6 zoning. Daffin Park, Hull Park, Habersham Village, Savannah Arts Academy, Charles Ellis Montessori, and Jacob G. Smith Elementary are within walking distance. The two-bedroom residence is leased through December 2026, and the upstairs unit is leased through August 2027.
The property occupies a 0.16-acre lot with off-street parking and R6 zoning. Daffin Park, Hull Park, Habersham Village, Savannah Arts Academy, Charles Ellis Montessori, and Jacob G. Smith Elementary are within walking distance. The two-bedroom residence is leased through December 2026, and the upstairs unit is leased through August 2027.
Key Highlights
- Two residences totaling 3,687 square feet
- Two‑bedroom, one‑bathroom ground‑floor unit and four‑bedroom, two‑bathroom upper unit
- Three‑story brick construction, built in 1935
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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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - Separate ground-floor and upper-level residences offer distinct layouts and lease terms.
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 residences totaling 3,687 square feet; Two‑bedroom, one‑bathroom ground‑floor unit and four‑bedroom, two‑bathroom upper unit; Three‑story brick construction, built in 1935
