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Savannah Victorian Duplex Investment Opportunity

309 W 33rd Street Savannah, GA 31401

309 W 33rd Street, Savannah, GA, 31401
$750,000
For Sale
Claim this Listing
$750,000

MULTI_FAMILY - Victorian - Savannah, GA

Property Size2,818 SF
Lot Size0.11 Acres
Price / SF$266.15
AddedMar 19
Days on Market119
Last RefreshJul 15 at 8:06 pm

Property Features for 309 W 33rd Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2
Parking features
Parking Lot, On Street, Garage, Off Street
Patio and Porch features
Porch, Deck
Interior features
Pull Down Attic Stairs
Exterior features
Deck
Fencing
Privacy, Fenced
Fireplace
1
Appliances
Some Electric Appliances, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator
Standard status
Active
APN
2-0066-26-010
Size
2,818 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
EAST 10 FEET OF LOT 47 AND WEST 30 FEET OF LOT 48 LESTER WAR D
Tax Annual Amount
8298

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Victorian

Listing agent Chelsea Phillips License #349197

Listing office Six Bricks LLC 210 E Park Avenue, Savannah, GA

Listing date Mar 19, 2026

MLS# SA351041 Listing URL

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.

Located in the Thomas Square Streetcar District, named the best neighborhood in the South by 'Southern Living', this duplex presents an investment opportunity. The property features wood floors, original transoms, moldings, fireplaces, high ceilings, and natural light. Both units offer 3 bedrooms and 2 bathrooms, spacious living areas, full kitchens, laundry facilities, and large bedrooms. The four full bathrooms have been updated with tiled showers and tubs, and refreshed vanities. The property has a strong rental history and consistent demand, generating $5,650 per month in gross income. Flexible use allows for potential conversion to a single-family home. The property is located minutes from SCAD, Forsyth Park, Starland Yard, shopping, and local cafes. The property size is 2818 square feet and the lot size is 0.107 acres.

Key Highlights

  • Victorian duplex built in 1900 with multiple fireplaces and high ceilings
  • Each side has a 3 bed / 2 bath layout with spacious living areas and full kitchens
  • Four full bathrooms updated with tiled showers and tubs plus refreshed vanities

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $45.7k $16.20
− Vacancy −$3.0k −$1.05
EGI $42.7k $15.15
− OpEx −$12.8k −$4.54
NOI $29.9k $10.60
2,818 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$426.8K
$373.5K – $498.0K (±1% cap)
NOI $29,879 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$395.8K
$346.4K – $461.8K (±1% cap)
NOI $27,709 @ 7.0% cap · market cap 3.69%
Theoretical Best
Warehouse
$2.63M
$2.30M – $3.07M (±1% cap)
NOI $184,352 @ 7.0% cap · market cap 24.58%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Plumbing Service HVAC Service Carpet & Flooring Store Electrical Service Home Appliance Store Butcher Locksmith Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Income-generating duplex in Savannah's sought-after Thomas Square Streetcar District.
Where is this duplex located?
The property is located at 309 W 33rd Street Savannah, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Victorian duplex built in 1900 with multiple fireplaces and high ceilings; Each side has a 3 bed / 2 bath layout with spacious living areas and full kitchens; Four full bathrooms updated with tiled showers and tubs plus refreshed vanities
Contact an agent
More about this property
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