2-Unit Historic
316 W Duffy St, Savannah, GA 31401
For Sale
$599,000
Two separate residences each offer private laundry areas and spacious kitchens.
Property Size2,226 SF
Price / SF$269.09
Days on Market12
Property Features for 316 W Duffy St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
double front porches
outdoor space
Building Details
Year Built
Buildings
Listing Agency:
Compass Georgia LLC
Listed By:
Liza DiMarco · License #364345
(805) 450-3795
Source:
Searchgreateraugustahomes
Added: Oct 27
Changed: Nov 4
Last Checked: Nov 6 at 9:06AM
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 Compass Georgia LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,226-square-foot duplex contains two residences, each with two bedrooms, one bathroom, a kitchen, and a laundry area. Interior features include high ceilings, original heart pine flooring, tall windows, and a broad entry hall. Double front porches, outdoor space, and a large carport add to the property’s functional features.
The property is a few blocks from Forsyth Park and within walking distance of restaurants, shops, and squares in downtown Savannah. The Forsyth Farmers Market is also nearby.
The property is a few blocks from Forsyth Park and within walking distance of restaurants, shops, and squares in downtown Savannah. The Forsyth Farmers Market is also nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,226 square feet; built in 1900
- Both residences have kitchens and laundry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,602
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,040
$472.0K
Cap Rate 7%
$337,171
$337.2K
Cap Rate 9%
$262,244
$262.2K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$36.1K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.7K $15.15/SF
− OpEx
−$10.1K −$4.54/SF
NOI
$23.6K $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%
$472,040
Cap Rate 7%
$337,171
Cap Rate 9%
$262,244
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.0K – $393.4K
NOI $23,602 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,888 @ 7.0% cap · market cap 3.65%
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,624 @ 7.0% cap · market cap 24.31%
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
1,727
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
$477,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Savannah, GA
Properties on Market for Duplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each offer private laundry areas and spacious kitchens.
Where is this duplex located?
The property is located at 316 W Duffy St Savannah, GA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,226 square feet; built in 1900; Both residences have kitchens and laundry areas
