Historic Duplex with Original
New
For Sale
$500,000
530 E 35th St, Savannah, GA 31401
Two-unit property with updated plumbing, individual laundry appliances, and off-street parking.
Property Size1,780 SF
Price / SF$280.90
Days on Market7
Property Features for 530 E 35th St
General Information
Standard status
Active
Size
1,780 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
original hardwood floors
new fence
ducted air conditioning
washer and dryer in both units
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Real Broker, LLC
(973) 342-8812
Listed By:
Nicole Williams · License #433489
Source:
Myhomesearchtriangle
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 10:35AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this duplex offers 1,780 square feet across two units within Savannah’s Streetcar Historic District. The property combines original hardwood floors with recent improvements, including fresh paint, refreshed interiors, a metal roof, ducted air conditioning, updated plumbing, and a new fence. Each unit includes its own washer and dryer, while off-street parking adds practical convenience.
The property is located at 530 E 35th St, with PERC Coffee immediately behind it and Thomas Square’s dining and shopping nearby. Its two-unit layout supports an owner-occupant arrangement with one residence leased separately, and the source information also identifies owner-occupied STVR potential.
The property is located at 530 E 35th St, with PERC Coffee immediately behind it and Thomas Square’s dining and shopping nearby. Its two-unit layout supports an owner-occupant arrangement with one residence leased separately, and the source information also identifies owner-occupied STVR potential.
Key Highlights
- 1,780‑square‑foot duplex built in 1920
- Located in Savannah’s Streetcar Historic District
- Original hardwood floors paired with refreshed interiors
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
$18,873
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
3.77%
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%
$377,460
$377.5K
Cap Rate 7%
$269,614
$269.6K
Cap Rate 9%
$209,700
$209.7K
Market Conditions
NOI Build-Up for 1,780 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
$28.8K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.0K $15.15/SF
− OpEx
−$8.1K −$4.54/SF
NOI
$18.9K $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%
$377,460
Cap Rate 7%
$269,614
Cap Rate 9%
$209,700
Alternative Uses
Best Use
Multifamily LT 5
$269.6K
$235.9K – $314.6K
NOI $18,873 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$250.0K
$218.8K – $291.7K
NOI $17,503 @ 7.0% cap · market cap 3.50%
Theoretical Best
Warehouse
$1.66M
$1.46M – $1.94M
NOI $116,447 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated plumbing, individual laundry appliances, and off-street parking.
Where is this duplex located?
The property is located at 530 E 35th St Savannah, GA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,780‑square‑foot duplex built in 1920; Located in Savannah’s Streetcar Historic District; Original hardwood floors paired with refreshed interiors
