Historic Duplex with Private
534 E Waldburg Street Savannah, GA
534 E Waldburg Street, Savannah, GA
$650,000
For Sale
$650,000
MULTI_FAMILY - Savannah, GA
Property Size2,005 SF
Lot Size0.08 Acres
Price / SF$324.19
Days on Market236
Property Features for 534 E Waldburg Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- 1-R
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- 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
- Central, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl
- Building materials
- Frame
- Roof type
- Asphalt
- Additional Structures
- Storage
Listing Agency
Keller Williams Coastal Area P
(912) 356-5001
329 Commercial Dr., Suite 100, Savannah, GA
Listed by
Colleen Mullin-park · License #404077
(607) 316-0810
Added: Nov 24, 2025 Checked: Jul 18 at 8:06 am
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 historic duplex offers two income-producing residences with classic Savannah detailing. The first-floor unit includes two bedrooms, one bath, original hardwood floors, a decorative fireplace, and a spacious kitchen. The second-floor unit features another two bedrooms and one bath, a decorative fireplace, a comfortable living room, a generous kitchen, and access to a private deck overlooking a fenced backyard. A third-floor bonus room provides flexible space for an additional living area.
The property is located at 534 E Waldburg Street in Savannah, about two blocks from Forsyth Park, in the Victorian Historic District. Off-street parking is available, and the duplex is offered under zoning 1-R.
Current rents listed in the remarks are $1,995 per month for the first-floor unit and $2,100 per month for the second-floor unit, with projected gross annual rental income of $49,140.
The property is located at 534 E Waldburg Street in Savannah, about two blocks from Forsyth Park, in the Victorian Historic District. Off-street parking is available, and the duplex is offered under zoning 1-R.
Current rents listed in the remarks are $1,995 per month for the first-floor unit and $2,100 per month for the second-floor unit, with projected gross annual rental income of $49,140.
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-unit duplex with original woodwork, off-street parking, and a private deck overlooking a fenced backyard.
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.
