Duplex with Detached
501 E 48th Street, Savannah, GA 31405
For Sale
$724,900
Residential Income, Savannah, GA
Property Size2,812 SF
Lot Size0.12 Acres
Price / SF$257.79
Days on Market11
Property Features for 501 E 48th Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced backyard
sunroom/screened porch
laundry area
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
ERA Southeast Coastal
(912) 927-1088
Listed By:
Steven Fischer · License GA #132691
(912) 656-1165
Added: Nov 2
Changed: Nov 9
Last Checked: Nov 12 at 2:06PM
MLS# SA367330
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.
Built in 1936, this two-story brick duplex contains 2,812 square feet across two three-bedroom residences. Each unit has living and dining rooms, an equipped kitchen and laundry area, plus a sunroom or screened porch. Hardwood flooring and tile bathrooms are among the interior finishes. The property also includes a fenced backyard and a detached, side-entry garage with space for two cars. A newer roof, HVAC system and double-pane windows are in place.
The 0.121-acre corner lot is near Baldwin Park, Daffin Park, the Savannah Bananas, downtown Savannah and Tybee Island. The property is served by public water and public sewer and is zoned RSF-5.
The 0.121-acre corner lot is near Baldwin Park, Daffin Park, the Savannah Bananas, downtown Savannah and Tybee Island. The property is served by public water and public sewer and is zoned RSF-5.
Key Highlights
- Two 3‑bedroom units in a 2,812‑square‑foot duplex
- Two‑story brick construction; built in 1936
- Detached side‑entry 2‑car garage and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,815
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,300
$596.3K
Cap Rate 7%
$425,929
$425.9K
Cap Rate 9%
$331,278
$331.3K
Market Conditions
NOI Build-Up for 2,812 SF
Gross rent
$45.6K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$42.6K $15.15/SF
− OpEx
−$12.8K −$4.54/SF
NOI
$29.8K $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 Rate 5%
$596,300
Cap Rate 7%
$425,929
Cap Rate 9%
$331,278
Alternative Uses
Best Use
Multifamily LT 5
$425.9K
$372.7K – $496.9K
NOI $29,815 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,650 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$759.2K
$664.3K – $885.8K
NOI $53,147 @ 7.0% cap · market cap 7.33%
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
594
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 - RSF-5-zoned property offers two three-bedroom residences with separate living and dining rooms.
Where is this duplex located?
The property is located at 501 E 48th Street Savannah, GA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Two 3‑bedroom units in a 2,812‑square‑foot duplex; Two‑story brick construction; built in 1936; Detached side‑entry 2‑car garage and fenced backyard
