Historic Duplex with Off-Street
New
For Sale
$500,000
530 E 35th Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size1,780 SF
Lot Size0.07 Acres
Price / SF$280.90
Days on Market6
Property Features for 530 E 35th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4
Interior features
Ceiling Fan(s)
Fencing
Fenced, Privacy
Appliances
Electric Water Heater, Oven, Range, Dryer, Refrigerator, Washer
Subdivision
Midtown Savannah
Lot features
Alley, City Lot, Historic District
Directions
From Victory Drive, head north on Habersham Street. Turn right onto E 35th Street. The property will be on the right, between Price Street and E Broad Street.
Standard status
Active
APN
2006413004
Size
1,780 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
LOT 157 GARTLAND WARD
Tax Annual Amount
3154
Legal Description
LOT 157 GARTLAND WARD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
off-street parking
in-unit washer/dryer
Building Details
Year built
1920
Floors in Building
2
Flooring type
Vinyl, Hardwood
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Nicole Williams · License #433489
(973) 342-8812
Added: Aug 24
Changed: Aug 27
Last Checked: Aug 29 at 6:06AM
MLS# SA363274
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.
Built in 1920, this 1,780-square-foot duplex includes two residential units on a 0.0689-acre lot in Savannah’s Streetcar Historic District. Original hardwood flooring, vinyl flooring, vinyl siding, and a metal roof define the property’s character, while refreshed interiors, updated plumbing, ducted air conditioning, central heating and cooling, and ceiling fans provide contemporary functionality. Both units include a washer, dryer, refrigerator, oven, and range, and the property has privacy fencing with off-street parking.
The property is located at 530 E 35th Street in Savannah, GA 31401, near Thomas Square. PERC Coffee is identified as a backyard neighbor, with dining and shopping in the surrounding area. Public water and public sewer serve the property, which carries R4 zoning. The two-unit layout supports residential occupancy, leasing, or an owner-occupied arrangement with separate living space.
The property is located at 530 E 35th Street in Savannah, GA 31401, near Thomas Square. PERC Coffee is identified as a backyard neighbor, with dining and shopping in the surrounding area. Public water and public sewer serve the property, which carries R4 zoning. The two-unit layout supports residential occupancy, leasing, or an owner-occupied arrangement with separate living space.
Key Highlights
- 1920‑built duplex with 1,780 square feet across two residential units
- Located in Savannah’s Streetcar Historic District near Thomas Square
- 0.0689‑acre lot with privacy fencing and off‑street parking
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed interiors, updated plumbing, and dedicated washer and dryer appliances.
Where is this duplex located?
The property is located at 530 E 35th Street 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: 1920‑built duplex with 1,780 square feet across two residential units; Located in Savannah’s Streetcar Historic District near Thomas Square; 0.0689‑acre lot with privacy fencing and off‑street parking
