Duplex
For Sale
$350,000
626 W 36th Street, Savannah, GA 31415
Residential Income, Savannah, GA
Property Size1,732 SF
Lot Size0.07 Acres
Price / SF$202.08
Days on Market82
Property Features for 626 W 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM25
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Subdivision
Owens Ward
Directions
Go west from Bull Street on 36th Street to 626 W 36th Street
Standard status
Active
APN
2006641012
Size
1,732 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 86 OWENS WD
Tax Annual Amount
3694
Legal Description
LOT 86 OWENS WD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Wood Siding
Listing Agency:
Rawls Realty
(912) 450-1800
Listed By:
Charles E. Gilyard · License #107398
(912) 659-2249
Added: Jun 10
Changed: Aug 20
Last Checked: Aug 30 at 7:06AM
MLS# SA358007
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 duplex property contains 1,732 square feet on a 0.0689-acre lot. Built in 1900, the structure features wood siding and includes four bedrooms and three bathrooms. Public water and public sewer serve the property.
The property is located at 626 W 36th Street in Savannah, Georgia, within ZIP code 31415. Its RM25 zoning and recorded duplex classification provide the primary identifying characteristics for the asset.
The property is located at 626 W 36th Street in Savannah, Georgia, within ZIP code 31415. Its RM25 zoning and recorded duplex classification provide the primary identifying characteristics for the asset.
Key Highlights
- 1,732‑square‑foot duplex property
- 0.0689‑acre lot
- Built in 1900 with wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,364
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,280
$367.3K
Cap Rate 7%
$262,343
$262.3K
Cap Rate 9%
$204,044
$204.0K
Market Conditions
NOI Build-Up for 1,732 SF
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.
Gross rent
$28.1K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.2K $15.15/SF
− OpEx
−$7.9K −$4.54/SF
NOI
$18.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,280
Cap Rate 7%
$262,343
Cap Rate 9%
$204,044
Alternative Uses
Best Use
Multifamily LT 5
$262.3K
$229.6K – $306.1K
NOI $18,364 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$243.3K
$212.9K – $283.9K
NOI $17,031 @ 7.0% cap · market cap 4.87%
Theoretical Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,307 @ 7.0% cap · market cap 32.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - RM25-zoned duplex with public water and sewer service.
Where is this duplex located?
The property is located at 626 W 36th Street Savannah, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,732‑square‑foot duplex property; 0.0689‑acre lot; Built in 1900 with wood siding
