Updated Duplex with Front
For Sale
$729,000
44 E 55th St, Savannah, GA 31405
Tenant-occupied residences feature hardwood flooring, central air, and rear off-street parking.
Property Size3,250 SF
Price / SF$224.31
Days on Market84
Property Features for 44 E 55th St
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Ardsley Park/Chatham Crescent
Additional Details
Average Monthly Rent
$2,400
Multifamily Units
2
Building Details
Year Built
1921
Buildings
1
Listing Agency:
Engel & Volkers
Listed By:
Robert Evangelista · License #432196
(617) 571-2906
Source:
Barefootbrokers
Added: Aug 7
Changed: Oct 25
Last Checked: Oct 7 at 1:44PM
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 Engel & Volkers
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Investment Insights
Based on property information with market context.
This 3,250 SF duplex at 44 55th St includes two 3-bedroom residences with hardwood floors, front porches, central air systems, and rear off-street parking. Both units are tenant-occupied. The property has received a range of recent improvements, including a new roof, newer HVAC systems, updated interior paint, renovated kitchen and laundry areas, and refreshed exterior stairs and concrete front steps.
Unit 44 includes a screened porch, remodeled bathroom, and a new washer and dryer. Unit 46 has a new HVAC system, refrigerator, dishwasher, replacement floor vents, and re-grouted kitchen tile. High-end appliances are also included. The duplex is located in Ardsley Park, a historic neighborhood in Savannah. Furniture located upstairs is negotiable.
Unit 44 includes a screened porch, remodeled bathroom, and a new washer and dryer. Unit 46 has a new HVAC system, refrigerator, dishwasher, replacement floor vents, and re-grouted kitchen tile. High-end appliances are also included. The duplex is located in Ardsley Park, a historic neighborhood in Savannah. Furniture located upstairs is negotiable.
Key Highlights
- 3,250 SF duplex with two 3‑bedroom residences
- Both units are currently tenant‑occupied
- Hardwood floors, front porches, central air, and rear off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,459
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,180
$689.2K
Cap Rate 7%
$492,271
$492.3K
Cap Rate 9%
$382,878
$382.9K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$52.7K $16.20/SF
− Vacancy
−$3.4K −$1.05/SF
EGI
$49.2K $15.15/SF
− OpEx
−$14.8K −$4.54/SF
NOI
$34.5K $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%
$689,180
Cap Rate 7%
$492,271
Cap Rate 9%
$382,878
Alternative Uses
Best Use
Multifamily LT 5
$492.3K
$430.7K – $574.3K
NOI $34,459 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$456.5K
$399.5K – $532.6K
NOI $31,957 @ 7.0% cap · market cap 4.38%
Theoretical Best
Warehouse
$3.04M
$2.66M – $3.54M
NOI $212,613 @ 7.0% cap · market cap 29.17%
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
541
Businesses Nearby
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Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied residences feature hardwood flooring, central air, and rear off-street parking.
Where is this duplex located?
The property is located at 44 E 55th St Savannah, GA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 3,250 SF duplex with two 3‑bedroom residences; Both units are currently tenant‑occupied; Hardwood floors, front porches, central air, and rear off‑street parking
