Updated Victorian Duplex
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 Size2,720 SF
Lot Size0.07 Acres
Price / SF$242.28
Days on Market6
Property Features for 545 E Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- TN-1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 4, 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
- Privacy, Fenced
- 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
- 2,720 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
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- 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 Updated: Jul 21 at 6:12 am Checked: Jul 21 at 7:06 am
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 residence is offered for sale and has been comprehensively improved throughout. The property has a new roof, updated HVAC, electrical, and plumbing, along with renovated kitchens and bathrooms. Original character elements referenced in the property remarks include leaded glass windows, antique woodwork, double French doors, and intricate spindlework.
Located at 545 E Park Avenue in Savannah’s 31401 area (Chatham County), the property is described as being along one of Savannah’s picturesque corridors and near Forsyth Park and local cafes and restaurants. The listing also emphasizes walkability and bikeability in the surrounding area.
The home is configured as a duplex, providing two residential units within a single Victorian-style property.
Located at 545 E Park Avenue in Savannah’s 31401 area (Chatham County), the property is described as being along one of Savannah’s picturesque corridors and near Forsyth Park and local cafes and restaurants. The listing also emphasizes walkability and bikeability in the surrounding area.
The home is configured as a duplex, providing two residential units within a single Victorian-style property.
Key Highlights
- Victorian home built in 1900 with hardwood flooring and a fireplace
- Comprehensively updated with a new roof, HVAC, electrical, plumbing, kitchens, and bathrooms
- Central heating and central air cooling with electric heating system and ceiling fans
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 | $44.1k | $16.20 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $41.2k | $15.15 |
| − OpEx | −$12.4k | −$4.54 |
| NOI | $28.8k | $10.60 |
2,720 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.0K
$360.5K – $480.7K
NOI $28,840 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$382.1K
$334.3K – $445.8K
NOI $26,745 @ 7.0% cap · market cap 4.06%
Theoretical Best
Warehouse
$2.54M
$2.22M – $2.97M
NOI $177,941 @ 7.0% cap · market cap 27.00%
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 with comprehensive improvements, including a new roof, HVAC, electrical, plumbing, and renovated kitchens and baths.
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 home built in 1900 with hardwood flooring and a fireplace; Comprehensively updated with a new roof, HVAC, electrical, plumbing, kitchens, and bathrooms; Central heating and central air cooling with electric heating system and ceiling fans
