Duplex with Hardwood
New
For Sale
$500,000
530 E 35th St, Savannah, GA 31401
Both units have ducted air conditioning, a washer and dryer, and updated plumbing.
Property Size1,780 SF
Price / SF$280.90
Days on Market2
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
washer/dryer
air conditioning
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Real Broker, LLC
Listed By:
Nicole Williams · License #433489
(973) 342-8812
Source:
Barefootbrokers
Added: Sep 26
Last Checked: Sep 26 at 3:30PM
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 1,780-square-foot duplex has original hardwood floors, a metal roof, and a new fence. Recent work also includes fresh paint and updated plumbing. Each unit is equipped with ducted air conditioning and its own washer and dryer, and the property has off-street parking.
The duplex is in Savannah’s Streetcar Historic District, with PERC Coffee next door.
The duplex is in Savannah’s Streetcar Historic District, with PERC Coffee next door.
Key Highlights
- 1,780‑square‑foot duplex built in 1920
- Both units include ducted air conditioning, a washer and dryer, and updated plumbing
- Original hardwood floors and a metal roof
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
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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
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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 - Both units have ducted air conditioning, a washer and dryer, and updated plumbing.
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; Both units include ducted air conditioning, a washer and dryer, and updated plumbing; Original hardwood floors and a metal roof
