Two-Unit Duplex with Covered
For Sale
$329,900
22 W 59th Street, Savannah, GA 31405
Two dwellings provide separate kitchens, laundry rooms, and outdoor living areas within a flexible residential income property.
Property Size1,575 SF
Price / SF$209.46
Days on Market182
Property Features for 22 W 59th Street
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Multi-Family
Zoning
BG
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,809
Amenities
covered porches
off-street parking
fenced yard
central heat and air
stainless steel appliances
hardwood floors
ceramic tile
butcher block countertops
laundry room
Ceramic Tile,Hardwood
No
Yes
2
1
Pull-Down Stairs
4
Double Pane Windows
Washer Hookup,Dryer Hookup,In Kitchen,Laundry Room
Assessor
Pull Down Attic Stairs,Programmable Thermostat
Wood,Yard Fenced
City Lot,Interior Lot,Irregular Lot
Public
0.143
Garage,Kitchen Level,Off Street,Rear/Side/Off Street,On Street
Asphalt
Raised,Slab
Public Road
Building Details
Building Size
1,575 SF
Year Built
1946
Buildings
2
Stories
1
Listing Agency:
Rawls Realty
(912) 233-6000
Listed By:
Sarah Ross · License #147497
(912) 655-6966
Source:
Baystreetrealtygroup
Added: Apr 17
Changed: Oct 13
Last Checked: Oct 14 at 9:31PM
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 Rawls Realty
Investment Insights
Based on property information with market context.
Built in 1946, this 1,575-square-foot duplex includes two dwellings with a combined four bedrooms and two bathrooms. Each dwelling has its own kitchen and laundry room, while central heat and air serve the interiors. Stainless steel appliances, two refrigerators, butcher block countertops, hardwood flooring, and ceramic tile are among the interior features.
The property also includes front and rear covered porches, off-street parking, and a privacy-fenced yard. Located at 22 W 59th St in Savannah, the property offers access to downtown, the southside, and I-516.
The property also includes front and rear covered porches, off-street parking, and a privacy-fenced yard. Located at 22 W 59th St in Savannah, the property offers access to downtown, the southside, and I-516.
Key Highlights
- Two dwellings with a combined four bedrooms and two bathrooms
- 1,575 SF duplex built in 1946
- Separate kitchen and laundry room for each dwelling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,700
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,000
$334.0K
Cap Rate 7%
$238,571
$238.6K
Cap Rate 9%
$185,556
$185.6K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$25.5K $16.20/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$23.9K $15.15/SF
− OpEx
−$7.2K −$4.54/SF
NOI
$16.7K $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%
$334,000
Cap Rate 7%
$238,571
Cap Rate 9%
$185,556
Alternative Uses
Best Use
Multifamily LT 5
$238.6K
$208.8K – $278.3K
NOI $16,700 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$221.2K
$193.6K – $258.1K
NOI $15,487 @ 7.0% cap · market cap 4.69%
Theoretical Best
Warehouse
$1.47M
$1.29M – $1.72M
NOI $103,036 @ 7.0% cap · market cap 31.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
527
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
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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 dwellings provide separate kitchens, laundry rooms, and outdoor living areas within a flexible residential income property.
Where is this duplex located?
The property is located at 22 W 59th Street Savannah, GA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two dwellings with a combined four bedrooms and two bathrooms; 1,575 SF duplex built in 1946; Separate kitchen and laundry room for each dwelling
