Renovated Two-Unit
For Sale
$335,000
706 W 51st St, Savannah, GA 31405
Updated rental property with refreshed interiors, modern appliances, and one-bedroom, one-bath layouts on each side.
Property Size1,100 SF
Price / SF$304.55
Days on Market57
Property Features for 706 W 51st St
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Jackson Park
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Scott Realty Professionals
Listed By:
Latasha M. Hall · License #277942
(912) 656-0266
Source:
Searchgreateraugustahomes
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 28 at 8:42AM
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 Scott Realty Professionals
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Investment Insights
Based on property information with market context.
Built in 1940, this duplex contains two residential units totaling 1,100 square feet. Each side offers 1 bedroom and 1 bathroom, with luxury vinyl flooring, stainless steel appliances, ceramic tile shower surrounds, fresh paint, updated lighting, and new fixtures. Renovation work was completed across 2025-2026.
The property is located at 706 W 51st St in Savannah, near SCAD Midtown buildings and off Montgomery St. Unit A is currently rented, while both units share the same renovated configuration and updated interior finishes.
The property is located at 706 W 51st St in Savannah, near SCAD Midtown buildings and off Montgomery St. Unit A is currently rented, while both units share the same renovated configuration and updated interior finishes.
Key Highlights
- Two‑unit duplex with 1,100 square feet
- Each unit includes 1 bedroom and 1 bathroom
- Both sides updated during 2025‑2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,663
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,260
$233.3K
Cap Rate 7%
$166,614
$166.6K
Cap Rate 9%
$129,589
$129.6K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$17.8K $16.20/SF
− Vacancy
−$1.2K −$1.05/SF
EGI
$16.7K $15.15/SF
− OpEx
−$5.0K −$4.54/SF
NOI
$11.7K $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%
$233,260
Cap Rate 7%
$166,614
Cap Rate 9%
$129,589
Alternative Uses
Best Use
Multifamily LT 5
$166.6K
$145.8K – $194.4K
NOI $11,663 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,816 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$1.03M
$899.5K – $1.20M
NOI $71,961 @ 7.0% cap · market cap 21.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
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Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated rental property with refreshed interiors, modern appliances, and one-bedroom, one-bath layouts on each side.
Where is this duplex located?
The property is located at 706 W 51st St Savannah, GA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,100 square feet; Each unit includes 1 bedroom and 1 bathroom; Both sides updated during 2025‑2026
