Duplex with Bungalow and
For Sale
$247,900
4124 4th Street, Savannah, GA 31408
Residential Income, Savannah, GA
Property Size1,019 SF
Lot Size0.14 Acres
Price / SF$243.28
Days on Market177
Property Features for 4124 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fencing
Chain Link, Fenced
Appliances
Electric Water Heater, Oven, Range, Refrigerator
Subdivision
C P Rossignol
Lot features
City Lot
Directions
Take I-516 toward Garden City, Turn left on Minus Ave. Take a left on 3rd St. Take a right on Oak St and then make a left on 4th St
Standard status
Active
APN
6001906003
Size
1,019 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 4 BLK I DUNDEE WD
Tax Annual Amount
1226
Legal Description
LT 4 BLK I DUNDEE WD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Concrete
Architectural style
Bungalow
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Angel S. Thomas · License #373217
(912) 704-1053
Added: Mar 6
Changed: Aug 19
Last Checked: Aug 30 at 6:06AM
MLS# SA350743
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.
Duplex-style investment property includes a 2-bedroom, 1-bath bungalow and a 1-bedroom, 1-bath efficiency on the primary lot, sold together with an adjacent vacant lot. The bungalow is described as move-in ready with wood flooring, fresh paint, and new windows, along with recent updates. Interior features include ceiling fans. Appliances include an electric water heater, range, oven, and refrigerator. The home has central electric heating, electric cooling, and a porch, plus off-street parking.
The property is on 4124 4th Street in Savannah, GA, in an R2 zoning designation. The lot size is 0.14 acres, and the property size is listed as 1,019 square feet. The backyard includes fencing with chain link materials, and utilities include public water and public sewer, with cable available. The location is described as minutes from Downtown Savannah, Garden City, Pooler, Rincon, and the Georgia Ports and Gulfstream.
Constructed in 1954, the property’s concrete construction and bungalow architectural style may fit investors seeking a straightforward setup with an efficiency on-site and additional land included.
The property is on 4124 4th Street in Savannah, GA, in an R2 zoning designation. The lot size is 0.14 acres, and the property size is listed as 1,019 square feet. The backyard includes fencing with chain link materials, and utilities include public water and public sewer, with cable available. The location is described as minutes from Downtown Savannah, Garden City, Pooler, Rincon, and the Georgia Ports and Gulfstream.
Constructed in 1954, the property’s concrete construction and bungalow architectural style may fit investors seeking a straightforward setup with an efficiency on-site and additional land included.
Key Highlights
- R2 zoning duplex setup includes 2‑bed, 1‑bath bungalow plus 1‑bed, 1‑bath efficiency
- Adjacent vacant lot included with the primary lot
- 0.14‑acre lot and 1,019 SF property size listed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,804
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,080
$216.1K
Cap Rate 7%
$154,343
$154.3K
Cap Rate 9%
$120,044
$120.0K
Market Conditions
NOI Build-Up for 1,019 SF
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.
Gross rent
$16.5K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$15.4K $15.15/SF
− OpEx
−$4.6K −$4.54/SF
NOI
$10.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,080
Cap Rate 7%
$154,343
Cap Rate 9%
$120,044
Alternative Uses
Best Use
Multifamily LT 5
$154.3K
$135.1K – $180.1K
NOI $10,804 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$143.1K
$125.3K – $167.0K
NOI $10,020 @ 7.0% cap · market cap 4.04%
Theoretical Best
Warehouse
$952.3K
$833.3K – $1.11M
NOI $66,663 @ 7.0% cap · market cap 26.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex property zoned R2 with a 2-bed bungalow plus a 1-bed efficiency on the same primary lot.
Where is this duplex located?
The property is located at 4124 4th Street Savannah, GA.
What is the asking price?
The asking price for this property is $247,900.
What are key features of this property?
This property features: R2 zoning duplex setup includes 2‑bed, 1‑bath bungalow plus 1‑bed, 1‑bath efficiency; Adjacent vacant lot included with the primary lot; 0.14‑acre lot and 1,019 SF property size listed
