Updated Victorian
545 E Park Avenue Savannah, GA 31401
New
545 E Park Avenue, Savannah, GA, 31401
$659,000
For Sale
$659,000
MULTI_FAMILY - Victorian - Savannah, GA
Property Size2,690 SF
Lot Size0.07 Acres
Price / SF$244.98
Days on Market1
Property Features for 545 E Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- TN-1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
- Parking features
- Off Street, On Street
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Pull Down Attic Stairs
- Exterior features
- Balcony, Courtyard
- Fencing
- Fenced, Privacy
- Fireplace
- 1
- Appliances
- Some Electric Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Tankless Water Heater, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 2004317028
- Size
- 2,690 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- LOT 2 WARING WD SUB 6
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Frame, Wood Siding
- Roof type
- Asphalt
- Architectural style
- Victorian
Listing Agency
Keller Williams Coastal Area P
(912) 356-5001
329 Commercial Dr., Suite 100, Savannah, GA
Listed by
Ronald C. Melander · License #283913
(912) 441-7124
Added: Jul 16 Checked: Jul 16 at 7:06 pm
MLS# SA360116
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 updated Victorian duplex has been comprehensively refreshed with a new roof, HVAC, electrical, plumbing, kitchens, and bathrooms. The property retains its classic character, with distinctive interior finishes including leaded glass windows, antique woodwork, double French doors, and intricate spindlework.
Located at 545 E Park Avenue in Savannah, the home is described as being moments from Forsyth Park, with neighborhood dining nearby and walkable, bikeable access to the surrounding area.
The offering is a residential income property configured as a duplex under TN-1 zoning.
Located at 545 E Park Avenue in Savannah, the home is described as being moments from Forsyth Park, with neighborhood dining nearby and walkable, bikeable access to the surrounding area.
The offering is a residential income property configured as a duplex under TN-1 zoning.
Key Highlights
- Victorian duplex built in 1900 with hardwood flooring and a classic exterior with wood siding
- Fireplace plus double French doors and intricate spindlework, with ceiling fans and pull‑down attic stairs
- Updated with a new roof and new HVAC, along with updated electrical and plumbing
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 | $43.6k | $16.20 |
| − Vacancy | −$2.8k | −$1.05 |
| EGI | $40.7k | $15.15 |
| − OpEx | −$12.2k | −$4.54 |
| NOI | $28.5k | $10.60 |
2,690 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$407.5K
$356.5K – $475.4K
NOI $28,522 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$377.9K
$330.6K – $440.8K
NOI $26,450 @ 7.0% cap · market cap 4.01%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,979 @ 7.0% cap · market cap 26.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated Victorian duplex featuring refreshed roof, HVAC, electrical, plumbing, kitchens, and bathrooms.
Where is this duplex located?
The property is located at 545 E Park Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Victorian duplex built in 1900 with hardwood flooring and a classic exterior with wood siding; Fireplace plus double French doors and intricate spindlework, with ceiling fans and pull‑down attic stairs; Updated with a new roof and new HVAC, along with updated electrical and plumbing
