Updated Duplex with Efficiency
For Sale
$340,000
2301 Alaska St, Savannah, GA 31404
Flexible Savannah property with refreshed interiors, a separate living area, and convenient access to downtown and Tybee Island.
Property Size1,451 SF
Price / SF$234.32
Days on Market95
Property Features for 2301 Alaska St
General Information
Standard status
Active
Size
1,451 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1912
Listing Agency:
Century 21 Solomon Properties
Listed By:
Joel Solomon · License #349031
(912) 604-0896
Source:
Barefootbrokers
Added: Jul 13
Changed: Oct 11
Last Checked: Oct 15 at 1:59AM
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 Century 21 Solomon Properties
Investment Insights
Based on property information with market context.
This updated duplex combines a three-bedroom, one-bathroom main residence with an attached one-bedroom, one-bathroom efficiency unit. Recent improvements include new flooring, fresh interior paint, and a fully refreshed interior in the primary home. The additional unit can accommodate guests, office use, multigenerational living, or rental occupancy. A large lot provides outdoor space alongside the residential improvements.
Located at 2301 Alaska Street in Savannah, the property is approximately 5 minutes from Historic Downtown Savannah and 15 minutes from Tybee Island beaches. Shopping, dining, employment, and entertainment are described as nearby, with many destinations accessible by bicycle. Built in 1912, the property offers a residential configuration with multiple living areas and flexible occupancy potential.
Located at 2301 Alaska Street in Savannah, the property is approximately 5 minutes from Historic Downtown Savannah and 15 minutes from Tybee Island beaches. Shopping, dining, employment, and entertainment are described as nearby, with many destinations accessible by bicycle. Built in 1912, the property offers a residential configuration with multiple living areas and flexible occupancy potential.
Key Highlights
- Main residence includes 3 bedrooms and 1 full bathroom
- Attached efficiency unit has 1 bedroom and 1 bathroom
- Updated interior with new flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,385
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,700
$307.7K
Cap Rate 7%
$219,786
$219.8K
Cap Rate 9%
$170,944
$170.9K
Market Conditions
NOI Build-Up for 1,451 SF
Gross rent
$23.5K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$22.0K $15.15/SF
− OpEx
−$6.6K −$4.54/SF
NOI
$15.4K $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%
$307,700
Cap Rate 7%
$219,786
Cap Rate 9%
$170,944
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.3K – $256.4K
NOI $15,385 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$203.8K
$178.4K – $237.8K
NOI $14,268 @ 7.0% cap · market cap 4.20%
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.58M
NOI $94,924 @ 7.0% cap · market cap 27.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
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 - Flexible Savannah property with refreshed interiors, a separate living area, and convenient access to downtown and Tybee Island.
Where is this duplex located?
The property is located at 2301 Alaska St Savannah, GA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Main residence includes 3 bedrooms and 1 full bathroom; Attached efficiency unit has 1 bedroom and 1 bathroom; Updated interior with new flooring and fresh paint
