Updated-Systems
New
For Sale
$599,900
22 E 37th Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size1,920 SF
Lot Size0.07 Acres
Price / SF$312.45
Days on Market1
Property Features for 22 E 37th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
TN-2
Zoning description
Mixed use, Multi Family, Single Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Parking features
Off Street, On Street
Patio and Porch features
Porch
Interior features
Pull Down Attic Stairs
Exterior features
Balcony
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Oven, Range, Dryer, Refrigerator, Washer
Subdivision
Thomas Square
Lot features
City Lot, Historic District, Level
Directions
From Bull Street headed north, turn right on 37th Street, house in on north side of street between Drayton and Bull.
Standard status
Active
APN
2-0065-13-011
Size
1,920 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
LOT A SUB OF LOT 49 & THE NORTH
Legal Description
LOT A SUB OF LOT 49 & THE NORTH
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
back deck
front yard picket fence
secure rear fencing
updated landscaping
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Wood, Vinyl
Building materials
Frame, Wood Siding
Roof type
Asphalt
Architectural style
Victorian
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Oct 19
Last Checked: Oct 19 at 1:06PM
MLS# SA366678
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 1900, this 1,920-square-foot Victorian duplex contains two residences, each with two bedrooms and one bathroom. Interior work includes new kitchens, appliances, tile bathrooms, downstairs flooring, and lighting. Building improvements include a replacement roof, new HVAC systems, updated electrical components, and new plumbing beneath the home. Exterior updates include repaired and repainted siding, a rear deck with reinforced stairs and railing, landscaping, and fencing. Off-street parking accommodates three vehicles.
At 22 E 37th Street in Savannah, the property is across from Common Thread and Elizabeth on 37th and near the Bull Street Corridor, SCAD, coffee shops, and local boutiques. The 0.071-acre parcel is zoned TN-2.
At 22 E 37th Street in Savannah, the property is across from Common Thread and Elizabeth on 37th and near the Bull Street Corridor, SCAD, coffee shops, and local boutiques. The 0.071-acre parcel is zoned TN-2.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- 1,920 square feet on a 0.071‑acre parcel
- TN‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,358
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,160
$407.2K
Cap Rate 7%
$290,829
$290.8K
Cap Rate 9%
$226,200
$226.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$31.1K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$29.1K $15.15/SF
− OpEx
−$8.7K −$4.54/SF
NOI
$20.4K $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%
$407,160
Cap Rate 7%
$290,829
Cap Rate 9%
$226,200
Alternative Uses
Best Use
Multifamily LT 5
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$269.7K
$236.0K – $314.7K
NOI $18,879 @ 7.0% cap · market cap 3.15%
Theoretical Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,606 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,650
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bath, with refreshed kitchens and interior finishes.
Where is this duplex located?
The property is located at 22 E 37th Street Savannah, GA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bath; 1,920 square feet on a 0.071‑acre parcel; TN‑2 zoning
