Historic Two-Unit
For Sale
$650,000
534 E Waldburg St, Savannah, GA 31401
Savannah duplex with original details, separate kitchens, private outdoor space, and a flexible third-floor bonus room.
Property Size2,005 SF
Price / SF$324.19
Days on Market73
Property Features for 534 E Waldburg St
General Information
Standard status
Active
Size
2,005 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$49,140
Amenities
front porch
decorative fireplace
private deck
fenced backyard
off-street parking
Building Details
Year Built
1900
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Colleen Mullin-park · License #404077
(607) 316-0810
Source:
Thehomesourcegroupga
Added: Aug 10
Changed: Oct 9
Last Checked: Oct 7 at 4:16PM
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 Keller Williams Coastal Area P
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,005-square-foot duplex contains two residential units in Savannah’s Victorian Historic District, two blocks from Forsyth Park. Both apartments provide two bedrooms, one bathroom, a kitchen, and a living area with a decorative fireplace. Original woodwork and hardwood flooring add period character, while a classic front porch serves as the entry point.
The upper unit includes a private deck overlooking the fenced backyard, which also provides off-street parking. A third-floor bonus room adds flexible space for an office, studio, or additional living area. Restaurants, shopping, and Forsyth Park are located nearby within the Historic District.
The upper unit includes a private deck overlooking the fenced backyard, which also provides off-street parking. A third-floor bonus room adds flexible space for an office, studio, or additional living area. Restaurants, shopping, and Forsyth Park are located nearby within the Historic District.
Key Highlights
- Two‑unit duplex with 2,005 square feet of interior space
- Constructed in 1900 in Savannah’s Victorian Historic District
- Each unit includes 2 bedrooms, 1 bathroom, a kitchen, and a decorative fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,259
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,180
$425.2K
Cap Rate 7%
$303,700
$303.7K
Cap Rate 9%
$236,211
$236.2K
Market Conditions
NOI Build-Up for 2,005 SF
Gross rent
$32.5K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.4K $15.15/SF
− OpEx
−$9.1K −$4.54/SF
NOI
$21.3K $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 Rate 5%
$425,180
Cap Rate 7%
$303,700
Cap Rate 9%
$236,211
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 authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,786
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
Frequently Asked Questions
What type of property is this?
Duplex - Savannah duplex with original details, separate kitchens, private outdoor space, and a flexible third-floor bonus room.
Where is this duplex located?
The property is located at 534 E Waldburg St 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: Two‑unit duplex with 2,005 square feet of interior space; Constructed in 1900 in Savannah’s Victorian Historic District; Each unit includes 2 bedrooms, 1 bathroom, a kitchen, and a decorative fireplace
