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New Duplex with Detached ADU
For Sale
$499,900
Pending

309 Eugene St, Savannah, GA 31406

New construction pairs a three-bedroom home with a separate one-bedroom living unit for added flexibility.

Property Size2,005 SF
Days on Market50

Property Features for 309 Eugene St

General Information

Standard status Pending
Size 2,005 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 2026
Buildings 2
Listing Agency: Keller Williams Coastal Area P
Listed By: Kristin Brown · License #301485
Source: Augustaaikenhomefinder
Added: Aug 31 Changed: Oct 15 Last Checked: Oct 16 at 9:40AM

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 Keller Williams Coastal Area P

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Investment Insights

Based on property information with market context.

Completed in 2026, this duplex-style property includes a primary residence and a detached 443-square-foot accessory dwelling unit. The main home features an open living arrangement, a kitchen with granite counters, stainless steel appliances, and a large island, plus luxury vinyl plank flooring across the principal living spaces. The primary suite is located on the main level and includes a walk-in closet and tiled walk-in shower. Two additional bedrooms are positioned upstairs. Exterior details include exposed rafters, a tongue-and-groove porch ceiling, and a covered front porch.

The detached ADU has a private entrance and functions as a separate living space with a full kitchen, living area, bedroom, full bathroom, walk-in closet, and laundry area. The property is located at 309 Eugene St in Savannah, Georgia, with the ADU supporting guest, multigenerational, office, or rental use.

Key Highlights

  • Detached 443 SF ADU with private entrance
  • Primary residence includes three bedrooms, with the main suite on the first level
  • ADU includes a full kitchen, living area, bedroom, bathroom, closet, and laundry space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$21,259
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,180 $425.2K
Cap Rate 7%
$303,700 $303.7K
Cap Rate 9%
$236,211 $236.2K
Market Conditions
NOI Build-Up for 2,005 SF
Gross rent
$32.5K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.4K $15.15/SF
− OpEx
−$9.1K −$4.54/SF
NOI
$21.3K $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%
$425,180
Cap Rate 7%
$303,700
Cap Rate 9%
$236,211

Alternative Uses

Best Use
Multifamily LT 5
$303.7K
$265.7K – $354.3K (±1% cap)
NOI $21,259 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$281.6K
$246.4K – $328.6K (±1% cap)
NOI $19,715 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.19M (±1% cap)
NOI $131,166 @ 7.0% cap · market cap 26.24%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Pet Grooming Service Butcher Locksmith Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,108
Businesses Nearby

Demographics for 31406, GA

34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - New construction pairs a three-bedroom home with a separate one-bedroom living unit for added flexibility.
Where is this duplex located?
The property is located at 309 Eugene St Savannah, GA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Detached 443 SF ADU with private entrance; Primary residence includes three bedrooms, with the main suite on the first level; ADU includes a full kitchen, living area, bedroom, bathroom, closet, and laundry space
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