Historic Duplex with Private
534 E Waldburg Street Savannah, GA
534 E Waldburg Street, Savannah, GA
$650,000
MULTI_FAMILY - Savannah, GA
Property Size2,005 SF
Lot Size0.08 Acres
Price / SF$324.19
AddedNov 24, 2025
Days on Market233
Last RefreshJul 15 at 10:06 pm
Property Features for 534 E Waldburg Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 1-R
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Interior features
- Attic, Instant Hot Water
- Fencing
- Privacy
- Fireplace
- 1
- Appliances
- Some Electric Appliances, Dishwasher, Gas Water Heater, Oven, Range, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 2004311006
- Size
- 2,005 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 62 LEE WARD.
- Tax Annual Amount
- 6209
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood
- Building materials
- Frame
- Roof type
- Asphalt
- Additional Structures
- Storage
Listing agent Colleen Mullin-park License #404077 (607) 316-0810
Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA (912) 356-5001
Listing date Nov 24, 2025
MLS# SA344010
Listing URL
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 income-producing duplex is built around classic Savannah character, with a welcoming front porch and original woodwork. Inside, the first-floor unit features hardwood floors, a decorative fireplace, two bedrooms, one bath, and a spacious kitchen. The second-floor unit includes a generous kitchen, two bedrooms, one bath, a decorative fireplace, and a comfortable living room, along with access to a private deck overlooking the fenced backyard. Off-street parking supports the property, and a third-floor bonus room adds flexible space that can serve as a home office, studio, or additional living area.
The property is located at 534 E Waldburg Street in Savannah’s Victorian Historic District, about two blocks from Forsyth Park. The setting is described as being close to restaurants, shopping, and the Historic District amenities.
The duplex is currently generating $1,995 per month from the first-floor unit, while the second-floor unit is leased at $2,100 per month, for a stated projected gross annual rental income of $49,140. For buyers considering an owner-occupied setup or an investment hold, the existing unit mix and separate living layouts provide straightforward, tenant-ready residential space within the historic district setting. The property is listed for sale in the 1-R zoning classification.
The property is located at 534 E Waldburg Street in Savannah’s Victorian Historic District, about two blocks from Forsyth Park. The setting is described as being close to restaurants, shopping, and the Historic District amenities.
The duplex is currently generating $1,995 per month from the first-floor unit, while the second-floor unit is leased at $2,100 per month, for a stated projected gross annual rental income of $49,140. For buyers considering an owner-occupied setup or an investment hold, the existing unit mix and separate living layouts provide straightforward, tenant-ready residential space within the historic district setting. The property is listed for sale in the 1-R zoning classification.
Key Highlights
- Income‑producing duplex with current rental income of $1,950/month from the upstairs unit; downstairs unit is vacant.
- Estimated market rent for the downstairs unit is $2,000–$2,200/month, with projected stabilized gross income of $47,400–$49,800 annually.
- Historic Savannah duplex built in 1900, featuring original woodwork, original hardwood floors, and decorative fireplaces in both units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $30.4k | $15.15 |
| − OpEx | −$9.1k | −$4.54 |
| NOI | $21.3k | $10.60 |
2,005 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.7K
$265.7K – $354.3K
NOI $21,259 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 3.03%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.19M
NOI $131,166 @ 7.0% cap · market cap 20.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two residential units generate monthly rent, with a fenced backyard, off-street parking, and upstairs private deck access.
Where is this duplex located?
The property is located at 534 E Waldburg Street Savannah, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Income‑producing duplex with current rental income of $1,950/month from the upstairs unit; downstairs unit is vacant.; Estimated market rent for the downstairs unit is $2,000–$2,200/month, with projected stabilized gross income of $47,400–$49,800 annually.; Historic Savannah duplex built in 1900, featuring original woodwork, original hardwood floors, and decorative fireplaces in both units.
