Historic Duplex with Updated
For Sale
$640,000
309 W 33rd Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size2,818 SF
Lot Size0.11 Acres
Price / SF$227.11
Days on Market50
Property Features for 309 W 33rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RIP
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 3
Parking features
Off Street
Interior features
Pull Down Attic Stairs
Fireplace
1
Appliances
Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Subdivision
Lester Ward
Lot features
City Lot, Interior Lot
Directions
From Downtown Savannah, head south on Bull St. Continue approximately 2.5 miles. Turn right onto W 33rd St. The property will be on your right.
Standard status
Active
APN
2006626010
Size
2,818 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
EAST 10 FEET OF LOT 47 AND WEST 30 FEET OF LOT 48 LESTER WAR D
Legal Description
EAST 10 FEET OF LOT 47 AND WEST 30 FEET OF LOT 48 LESTER WAR D
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
in-unit laundry
fireplaces
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Victorian
Buildings
1
Listing Agency:
Six Bricks LLC
(912) 200-9044
Listed By:
Chelsea Phillips · License #349197
(912) 332-0465
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 29 at 8:06AM
MLS# SA364321
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.
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Investment Insights
Based on property information with market context.
This Victorian duplex at 309 W 33rd Street includes 2,818 square feet across two residences. Each unit has three bedrooms, two bathrooms, a living area, full kitchen, and in-unit laundry. Hardwood floors, wood siding, fireplaces, high ceilings, transoms, and classic moldings retain the building’s historic character, while all four full bathrooms have been updated. Off-street parking, public water, and public sewer are also provided.
Built in 1900 on a 0.11-acre lot, the property is located in Savannah’s Thomas Square Streetcar District. The address is within walking distance of The Laundry Diner, PERC Coffee, Cotton & Rye, and Tequila’s Town, with Forsyth Park and downtown Savannah a short distance away. Zoning is RIP, and the layout is described as adaptable for possible single-family conversion.
Built in 1900 on a 0.11-acre lot, the property is located in Savannah’s Thomas Square Streetcar District. The address is within walking distance of The Laundry Diner, PERC Coffee, Cotton & Rye, and Tequila’s Town, with Forsyth Park and downtown Savannah a short distance away. Zoning is RIP, and the layout is described as adaptable for possible single-family conversion.
Key Highlights
- Two‑unit duplex with 2,818 square feet
- Each residence includes 3 bedrooms and 2 bathrooms
- All four full bathrooms have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,879
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,580
$597.6K
Cap Rate 7%
$426,843
$426.8K
Cap Rate 9%
$331,989
$332.0K
Market Conditions
NOI Build-Up for 2,818 SF
Gross rent
$45.7K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$42.7K $15.15/SF
− OpEx
−$12.8K −$4.54/SF
NOI
$29.9K $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%
$597,580
Cap Rate 7%
$426,843
Cap Rate 9%
$331,989
Alternative Uses
Best Use
Multifamily LT 5
$426.8K
$373.5K – $498.0K
NOI $29,879 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 4.33%
Theoretical Best
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,352 @ 7.0% cap · market cap 28.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences combine historic details with updated bathrooms and in-unit laundry.
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 $640,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,818 square feet; Each residence includes 3 bedrooms and 2 bathrooms; All four full bathrooms have been updated
