As-Is Duplex with Two
500 Amaranth Avenue, Savannah, GA 31405
For Sale
$199,000
Residential Income, Savannah, GA
Property Size1,092 SF
Lot Size0.10 Acres
Price / SF$182.23
Days on Market98
Property Features for 500 Amaranth Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
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Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
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Utilities
Sewer type
Heating system
Cooling system
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Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
The Commercial Group
(912) 354-9000
Listed By:
Joseph Solana · License GA #435296
(912) 663-9576
Added: Aug 5
Changed: Oct 31
Last Checked: Nov 10 at 7:06PM
MLS# SA362060
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.
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Investment Insights
Based on property information with market context.
This 1,092-square-foot duplex is configured as two compact residential units with four bedrooms and two bathrooms in total. The frame building was constructed in 1949 with bungalow-style architecture and is being offered as-is. Existing features include central air conditioning, electric heating, an electric water heater, an oven, range, and refrigerator.
Both units are currently rented, providing two separate residential spaces within one property. The duplex is located west of Bull Street in Savannah’s West Victory area, within ZIP code 31405. TR-3 zoning, public water, and public sewer service are documented for the property. The recorded property address is 500 Amaranth Avenue, with the second unit identified as 502 Amaranth.
Both units are currently rented, providing two separate residential spaces within one property. The duplex is located west of Bull Street in Savannah’s West Victory area, within ZIP code 31405. TR-3 zoning, public water, and public sewer service are documented for the property. The recorded property address is 500 Amaranth Avenue, with the second unit identified as 502 Amaranth.
Key Highlights
- 1,092‑square‑foot duplex with two compact units
- Four bedrooms and two bathrooms combined
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,578
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,560
$231.6K
Cap Rate 7%
$165,400
$165.4K
Cap Rate 9%
$128,644
$128.6K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$17.7K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.5K $15.15/SF
− OpEx
−$5.0K −$4.54/SF
NOI
$11.6K $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%
$231,560
Cap Rate 7%
$165,400
Cap Rate 9%
$128,644
Alternative Uses
Best Use
Multifamily LT 5
$165.4K
$144.7K – $193.0K
NOI $11,578 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$153.4K
$134.2K – $179.0K
NOI $10,738 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$294.8K
$258.0K – $344.0K
NOI $20,639 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
748
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
$304,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Savannah, GA
Properties on Market for Duplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Bungalow-style construction includes central air, electric heating, and public water and sewer connections.
Where is this duplex located?
The property is located at 500 Amaranth Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,092‑square‑foot duplex with two compact units; Four bedrooms and two bathrooms combined; Both units are currently rented
