Fully Occupied
For Sale
$990,000
417 W 32nd St, Savannah, GA 31401
Two three-bedroom residences feature private outdoor spaces, en-suite bathrooms, and dedicated laundry rooms near downtown Savannah.
Property Size4,051 SF
Price / SF$244.38
Days on Market65
Property Features for 417 W 32nd St
General Information
Standard status
Active
Size
4,051 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Building Details
Year Built
2025
Listing Agency:
Next Move Real Estate LLC
Listed By:
Julie M. Hales · License #282430
(912) 657-4120
Source:
Thehomesourcegroupga
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 7 at 5:18PM
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 Next Move Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 2025, this 4051-square-foot duplex contains two occupied residences, each with 3 bedrooms and 3 full bathrooms. Every bedroom has an en-suite bath, while both units include dedicated laundry rooms, stainless steel appliances, cabinetry, hard-surface countertops, upgraded lighting, and barn-door detailing in one bathroom. One residence adds a private balcony adjoining the kitchen; the other includes a front porch.
The property is located at 417 W 32nd St in Savannah, within walking distance of downtown restaurants, shops, and entertainment. SCAD is also located nearby. The two-unit configuration and existing occupancy provide a clearly defined residential income property profile, with layouts suited to residents seeking private bedroom accommodations and full bathrooms within each unit.
The property is located at 417 W 32nd St in Savannah, within walking distance of downtown restaurants, shops, and entertainment. SCAD is also located nearby. The two-unit configuration and existing occupancy provide a clearly defined residential income property profile, with layouts suited to residents seeking private bedroom accommodations and full bathrooms within each unit.
Key Highlights
- Two fully occupied units in a duplex built in 2025
- Each unit offers 3 bedrooms and 3 full bathrooms
- Total property size of 4051 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,952
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,040
$859.0K
Cap Rate 7%
$613,600
$613.6K
Cap Rate 9%
$477,244
$477.2K
Market Conditions
NOI Build-Up for 4,051 SF
Gross rent
$65.6K $16.20/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$61.4K $15.15/SF
− OpEx
−$18.4K −$4.54/SF
NOI
$43.0K $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%
$859,040
Cap Rate 7%
$613,600
Cap Rate 9%
$477,244
Alternative Uses
Best Use
Multifamily LT 5
$613.6K
$536.9K – $715.9K
NOI $42,952 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$569.0K
$497.9K – $663.9K
NOI $39,833 @ 7.0% cap · market cap 4.02%
Theoretical Best
Warehouse
$3.79M
$3.31M – $4.42M
NOI $265,015 @ 7.0% cap · market cap 26.77%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,596
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 three-bedroom residences feature private outdoor spaces, en-suite bathrooms, and dedicated laundry rooms near downtown Savannah.
Where is this duplex located?
The property is located at 417 W 32nd St Savannah, GA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two fully occupied units in a duplex built in 2025; Each unit offers 3 bedrooms and 3 full bathrooms; Total property size of 4051 square feet
