404 E 31st Street Savannah, GA 31401
MULTI_FAMILY - Savannah, GA
Property Features for 404 E 31st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM40
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1
- Parking features
- On Street
- Appliances
- Electric Water Heater, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 2005320028
- Size
- 1,955 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Description
- LOT 31-A EAST ANDERSON LANE DIVISION BARRY WD BK51 PG33 .04AC
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Concrete
Listing agent Nicole Johnson License #384499 (912) 398-3838
Listing office Seabolt Real Estate 24 E Oglethorpe Avenue, Savannah, GA (912) 233-6609
Listing date Oct 15, 2025
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.
Key Highlights
- Two‑story duplex with a unit on each floor
- Each unit has 2 bedrooms and 1 bathroom
- Upstairs unit could be used as a 3‑bedroom layout
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 | $31.7k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $29.6k | $15.15 |
| − OpEx | −$8.9k | −$4.54 |
| NOI | $20.7k | $10.60 |
