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Two-Story Duplex with Balcony
For Sale
$749,900

512 E Duffy Street, Savannah, GA 31401

Two three-bedroom residences feature covered outdoor areas, recently replaced siding, and professionally serviced HVAC systems.

Property Size3,116 SF
Price / SF$240.66
Days on Market199

Property Features for 512 E Duffy Street

General Information

Standard status Active
Size 3,116 SF
Property subtype Multi-Family
Zoning 1-R

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,077

Amenities

covered front porch
private upper balcony
No
Yes
4
2
6
Yard Fenced
Public
0.072
Balcony,Courtyard

Building Details

Building Size 3,116 SF
Year Built 1900
Buildings 1
Stories 2
Listing Agency: Coldwell Banker Advantage-Southern Pines
Listed By: David Shimp · License #414099
Source: Baystreetrealtygroup
Added: Mar 31 Changed: Oct 13 Last Checked: Oct 14 at 9:26PM

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 Coldwell Banker Advantage-Southern Pines

Investment Insights

Based on property information with market context.

Built in 1900, this two-story duplex contains two residences, each with three bedrooms and two baths. The property includes a covered front porch and an upper balcony, along with 3,116 square feet of building area. Exterior siding was recently replaced, and the HVAC system receives professional service twice each year.

The property is located at 512 E Duffy St in Savannah, near dining, boutique shopping, and parks. A termite and repair bond is also in place.

Key Highlights

  • Two‑story duplex with two 3‑bedroom/2‑bath units
  • 3,116 SF building constructed in 1900
  • Covered front porch and private upper balcony

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$33,039
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,780 $660.8K
Cap Rate 7%
$471,986 $472.0K
Cap Rate 9%
$367,100 $367.1K
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$50.5K $16.20/SF
− Vacancy
−$3.3K −$1.05/SF
EGI
$47.2K $15.15/SF
− OpEx
−$14.2K −$4.54/SF
NOI
$33.0K $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%
$660,780
Cap Rate 7%
$471,986
Cap Rate 9%
$367,100

Alternative Uses

Best Use
Multifamily LT 5
$472.0K
$413.0K – $550.7K (±1% cap)
NOI $33,039 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$437.7K
$383.0K – $510.7K (±1% cap)
NOI $30,639 @ 7.0% cap · market cap 4.09%
Theoretical Best
Warehouse
$2.91M
$2.55M – $3.40M (±1% cap)
NOI $203,847 @ 7.0% cap · market cap 27.18%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service HVAC Service Electrical Service Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,686
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom residences feature covered outdoor areas, recently replaced siding, and professionally serviced HVAC systems.
Where is this duplex located?
The property is located at 512 E Duffy Street Savannah, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑story duplex with two 3‑bedroom/2‑bath units; 3,116 SF building constructed in 1900; Covered front porch and private upper balcony
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