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Victorian Duplex With Balcony
For Sale
$680,000

515 E Duffy Street, Savannah, GA 31401

Residential Income, Savannah, GA

Property Size2,652 SF
Lot Size0.11 Acres
Price / SF$256.41
Days on Market232

Property Features for 515 E Duffy Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning 1-R
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3
Parking features Off Street, On Street
Patio and Porch features Porch
Interior features Ceiling Fan(s), Pull Down Attic Stairs, Fireplace, Programmable Thermostat
Exterior features Balcony
Fencing Privacy, Fenced
Fireplace 1
Appliances Some Electric Appliances, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Dryer, Refrigerator, Washer
Subdivision Victorian District
Lot features City Lot, Garden
Directions Duffy Street between Price and East Broad
Standard status Active
APN 2-0053-07-017
Size 2,652 SF
Lot size 0.11 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description LOT G AND PT LOT H SEC 9 WARING WD
Legal Description LOT G AND PT LOT H SEC 9 WARING WD

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Natural Gas, Heat Pump (Heating)
Cooling system Central Air, Electric
Water source Public

Amenities

private fenced backyard
large balcony
in-unit washer/dryer

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Flooring type Wood, Tile - Ceramic
Building materials Wood Siding
Roof type Asphalt
Architectural style Victorian
Buildings 1
Listing Agency: Engel & Volkers
Listed By: Anna Grace Lowenthal · License #425445
Added: Mar 12 Changed: Oct 25 Last Checked: Oct 29 at 11:06AM
MLS# SA350820

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.

Rey
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Investment Insights

Based on property information with market context.

This two-unit residential property in Savannah’s Victorian District contains 2,652 square feet and dates to 1900. The lower residence has three bedrooms and one bathroom, while the upper residence includes two bedrooms, one bathroom, and a flex or office area. Both units include kitchens with granite countertops, washer and dryer appliances, hardwood flooring, and original details such as decorative fireplaces and pocket doors. The upper level also opens to a balcony, while the property provides a fenced backyard and two off-street parking spaces.

The property occupies 0.11 acres at 515 E Duffy Street in Savannah, GA 31401, near Forsyth Park and Dixon Park. Nearby points of interest identified in the property information include SCAD buildings, Treylor Park Pizza Party, Shuk, and Bobbie’s Diner. Public water and sewer serve the property, with 1-R zoning.

Key Highlights

  • 2,652 square feet on a 0.11‑acre lot
  • Two‑unit layout with 3‑bedroom and 2‑bedroom residences
  • Upper unit includes a flex or office area and balcony

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,119
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,380 $562.4K
Cap Rate 7%
$401,700 $401.7K
Cap Rate 9%
$312,433 $312.4K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$43.0K $16.20/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$40.2K $15.15/SF
− OpEx
−$12.1K −$4.54/SF
NOI
$28.1K $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%
$562,380
Cap Rate 7%
$401,700
Cap Rate 9%
$312,433

Alternative Uses

Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.7K (±1% cap)
NOI $28,119 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$372.5K
$326.0K – $434.6K (±1% cap)
NOI $26,077 @ 7.0% cap · market cap 3.83%
Theoretical Best
Warehouse
$2.48M
$2.17M – $2.89M (±1% cap)
NOI $173,493 @ 7.0% cap · market cap 25.51%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
Yes
Fenced yard

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

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer separate kitchens, laundry appliances, hardwood floors, and access to a fenced backyard.
Where is this duplex located?
The property is located at 515 E Duffy Street Savannah, GA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2,652 square feet on a 0.11‑acre lot; Two‑unit layout with 3‑bedroom and 2‑bedroom residences; Upper unit includes a flex or office area and balcony
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