Brick Duplex with Off-Street
For Sale
Under Contract
$250,000
5209 and 5211 Jasmine Avenue, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size1,566 SF
Lot Size0.23 Acres
Price / SF$159.64
Days on Market10
Property Features for 5209 and 5211 Jasmine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
I-P
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Off Street
Interior features
Ceiling Fan(s)
Appliances
Electric Water Heater, Oven, Range, Refrigerator
Subdivision
Oak Forest Sub
Lot features
Corner Lot
Directions
From downtown go South on the Truman Parkway. Take the E Derenne exit and go left. Continue straight onto Bismark Avenue. Turn left onto jasmine Avenue. Duplex will be on left.
Standard status
Active Under Contract
APN
1036702011
Size
1,566 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 10 OAK FOREST SUB PH 1
Tax Annual Amount
1559
Legal Description
LT 10 OAK FOREST SUB PH 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Sarah Joy Pounders · License #394165
(404) 210-9383
Added: Sep 18
Changed: Sep 27
Last Checked: Sep 27 at 1:06PM
MLS# SA364766
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.
Investment Insights
Based on property information with market context.
This 1,566-square-foot brick duplex at 5209 and 5211 Jasmine Avenue includes two residential units, each with 2 bedrooms, 1 full bathroom, central heating and air, kitchen washer and dryer hookups, and a separate backyard area. The property was built in 1972 and features a ranch-style layout, vinyl flooring, composition roofing, electric water heating, and public water and sewer. Each unit has an individual driveway providing off-street parking.
The duplex occupies a 0.227-acre corner lot in Savannah, near the Savannah State University campus. The property is zoned I-P and is offered in AS-IS condition. Existing appliances include an oven, range, refrigerator, and electric water heater.
The duplex occupies a 0.227-acre corner lot in Savannah, near the Savannah State University campus. The property is zoned I-P and is offered in AS-IS condition. Existing appliances include an oven, range, refrigerator, and electric water heater.
Key Highlights
- Two‑unit duplex totaling 1,566 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- 0.227‑acre corner lot near Savannah State University
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
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 - Corner-lot duplex with two-bedroom units, private outdoor areas, and central HVAC.
Where is this duplex located?
The property is located at 5209 and 5211 Jasmine Avenue 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 totaling 1,566 square feet; Each unit includes 2 bedrooms and 1 full bathroom; 0.227‑acre corner lot near Savannah State University
