Two-Story
For Sale
$495,000
404 E 31st Street, Savannah, GA 31401
Two separately configured residences provide two bedrooms and one bathroom on each level, with additional bedroom flexibility upstairs.
Property Size1,955 SF
Price / SF$253.20
Days on Market343
Property Features for 404 E 31st Street
General Information
Standard status
Active
Size
1,955 SF
Property subtype
Multi-Family
Zoning
RM40
Amenities
No
Yes
2
No Common Walls
4
City Lot
Public
0.04
On Street
Asphalt
Public Road
Building Details
Building Size
1,955 SF
Year Built
1900
Stories
2
Listing Agency:
Navigate Realty
(912) 233-6000
Listed By:
Mike Duffy
Source:
Baystreetrealtygroup
Added: Nov 6, 2025
Changed: Oct 7
Last Checked: Oct 14 at 9:10PM
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 Navigate Realty
Investment Insights
Based on property information with market context.
Built in 1900, this two-story duplex contains one residence per floor within a 1,955-square-foot property. Both units are configured with two bedrooms and one bathroom, while the upper residence offers the option to function as a three-bedroom layout.
The property is located at 404 E 31st St in Savannah’s Historic District, near SCAD, Forsyth Park, shopping, restaurants, and downtown Savannah amenities. Its two-level arrangement and separate residences provide a clear multifamily configuration for an owner or investor evaluating a duplex asset.
The property is located at 404 E 31st St in Savannah’s Historic District, near SCAD, Forsyth Park, shopping, restaurants, and downtown Savannah amenities. Its two-level arrangement and separate residences provide a clear multifamily configuration for an owner or investor evaluating a duplex asset.
Key Highlights
- Two‑story duplex with one unit on each floor
- 1,955‑square‑foot property built in 1900
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,729
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,580
$414.6K
Cap Rate 7%
$296,129
$296.1K
Cap Rate 9%
$230,322
$230.3K
Market Conditions
NOI Build-Up for 1,955 SF
Gross rent
$31.7K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$29.6K $15.15/SF
− OpEx
−$8.9K −$4.54/SF
NOI
$20.7K $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%
$414,580
Cap Rate 7%
$296,129
Cap Rate 9%
$230,322
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,729 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,223 @ 7.0% cap · market cap 3.88%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,895 @ 7.0% cap · market cap 25.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,791
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences provide two bedrooms and one bathroom on each level, with additional bedroom flexibility upstairs.
Where is this duplex located?
The property is located at 404 E 31st Street Savannah, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑story duplex with one unit on each floor; 1,955‑square‑foot property built in 1900; Each unit includes 2 bedrooms and 1 bathroom
