Two-Unit Duplex with
For Sale
$350,000
2410 Jefferson Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size1,716 SF
Lot Size0.04 Acres
Price / SF$203.96
Days on Market48
Property Features for 2410 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RIP
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Appliances
No Hot Water
Subdivision
Lovell
Directions
From Victory dr, turn right on Jefferson property on right hand side
Standard status
Active
APN
2006545017
Size
1,716 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PORTION OF LOT LETTER K ALSO KNO WN AS W 1/2 LOT 50 LOVELL WD
Tax Annual Amount
6361
Legal Description
PORTION OF LOT LETTER K ALSO KNO WN AS W 1/2 LOT 50 LOVELL WD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Brandon Fargo · License #416596
(912) 433-1072
Added: Jul 14
Changed: Aug 20
Last Checked: Aug 30 at 7:06AM
MLS# SA358060
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.
Investment Insights
Based on property information with market context.
Built in 1920, this Savannah duplex contains two residential units, each arranged with two bedrooms and one bathroom. The property provides approximately 1,716 square feet of living space on a 0.043-acre lot. Partial renovations have been completed, while the current appliance information notes no hot water, leaving additional work for the next owner.
The property is located at 2410 Jefferson Street in Savannah’s Starland District and Historic Streetcar Corridor. Public water and public sewer serve the site. Its Savannah, GA 31401 address places the duplex within the county seat’s central urban context, with the source information identifying access to downtown, dining, shopping, and entertainment.
The property is located at 2410 Jefferson Street in Savannah’s Starland District and Historic Streetcar Corridor. Public water and public sewer serve the site. Its Savannah, GA 31401 address places the duplex within the county seat’s central urban context, with the source information identifying access to downtown, dining, shopping, and entertainment.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 1,716 square feet of living space
- 0.043‑acre lot at 2410 Jefferson Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,900
$363.9K
Cap Rate 7%
$259,929
$259.9K
Cap Rate 9%
$202,167
$202.2K
Market Conditions
NOI Build-Up for 1,716 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.8K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.0K $15.15/SF
− OpEx
−$7.8K −$4.54/SF
NOI
$18.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,900
Cap Rate 7%
$259,929
Cap Rate 9%
$202,167
Alternative Uses
Best Use
Multifamily LT 5
$259.9K
$227.4K – $303.3K
NOI $18,195 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$241.0K
$210.9K – $281.2K
NOI $16,873 @ 7.0% cap · market cap 4.82%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,260 @ 7.0% cap · market cap 32.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,465
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a Savannah parcel with public water and public sewer service.
Where is this duplex located?
The property is located at 2410 Jefferson Street Savannah, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Approximately 1,716 square feet of living space; 0.043‑acre lot at 2410 Jefferson Street
