All-Brick Duplex with Private
For Sale
$250,000
5209 And 5211 Jasmine Ave, Savannah, GA 31404
Two residential units occupy a corner lot with separate driveways, outdoor areas, and washer/dryer hookups in each kitchen.
Property Size1,566 SF
Price / SF$159.64
Days on Market8
Property Features for 5209 And 5211 Jasmine Ave
General Information
Standard status
Active
Size
1,566 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
renovate
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
central heating and air
washer/dryer hookups
off-street parking
backyard area
Building Details
Year Built
1972
Buildings
1
Construction
all-brick
Listing Agency:
Engel & Volkers
Listed By:
Sarah J. Pounders · License #394165
(404) 210-9383
Source:
Bradberrygarnerrealestate
Added: Sep 20
Changed: Sep 25
Last Checked: Sep 26 at 11:19AM
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
Investment Insights
Based on property information with market context.
This 1,566 SF duplex is an all-brick residential income property built in 1972. The two units each provide 2 bedrooms, 1 full bathroom, central heating and air, and washer/dryer hookups in the kitchen. Each residence also has its own backyard area and individual off-street driveway. The property is being sold in AS-IS condition.
Located at 5209 and 5211 Jasmine Ave in Savannah, GA 31404, the duplex sits on a corner lot near the Savannah State University campus. Its two-unit configuration and separate outdoor and parking areas provide a straightforward setup for residential rental use.
Located at 5209 and 5211 Jasmine Ave in Savannah, GA 31404, the duplex sits on a corner lot near the Savannah State University campus. Its two-unit configuration and separate outdoor and parking areas provide a straightforward setup for residential rental use.
Key Highlights
- Two‑unit duplex with 1,566 SF of building area
- All‑brick construction; built in 1972
- Each unit includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,604
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$332,080
$332.1K
Cap Rate 7%
$237,200
$237.2K
Cap Rate 9%
$184,489
$184.5K
Market Conditions
NOI Build-Up for 1,566 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.4K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$23.7K $15.15/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$16.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$332,080
Cap Rate 7%
$237,200
Cap Rate 9%
$184,489
Alternative Uses
Best Use
Multifamily LT 5
$237.2K
$207.6K – $276.7K
NOI $16,604 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 6.16%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,447 @ 7.0% cap · market cap 40.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
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Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units occupy a corner lot with separate driveways, outdoor areas, and washer/dryer hookups in each kitchen.
Where is this duplex located?
The property is located at 5209 And 5211 Jasmine Ave Savannah, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,566 SF of building area; All‑brick construction; built in 1972; Each unit includes 2 bedrooms and 1 full bathroom
