Two-Unit Brick
708 E 51st Street, Savannah, GA 31405
For Sale
$699,900
Residential Income, Savannah, GA
Property Size2,734 SF
Lot Size0.11 Acres
Price / SF$255
Days on Market11
Property Features for 708 E 51st Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Fencing
Fireplace
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
laundry room
sunroom
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
ERA Southeast Coastal
(912) 927-1088
Listed By:
Steven Fischer · License GA #132691
(912) 656-1165
Added: Nov 2
Changed: Nov 11
Last Checked: Nov 12 at 2:06PM
MLS# SA367334
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.
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Investment Insights
Based on property information with market context.
This two-story brick duplex contains 2,734 square feet across two residences, each with two bedrooms, a living room, dining area, kitchen, laundry room, and sunroom. Hardwood and tile flooring, fireplaces, central heating and air conditioning, and a detached two-car garage are among the property’s features. The 0.108-acre parcel includes a fenced backyard.
The property is near Solomons Park, Daffin Park, Savannah Bananas, downtown Savannah, and Tybee Island. It was built in 1930 and is zoned RSF-5. Public water and sewer serve the property.
The property is near Solomons Park, Daffin Park, Savannah Bananas, downtown Savannah, and Tybee Island. It was built in 1930 and is zoned RSF-5. Public water and sewer serve the property.
Key Highlights
- Two 2‑bedroom residences, each with living and dining areas, kitchen, laundry room, and sunroom
- 2,734 square feet in a two‑story brick building
- Detached rear‑entry garage with space for 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,988
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,760
$579.8K
Cap Rate 7%
$414,114
$414.1K
Cap Rate 9%
$322,089
$322.1K
Market Conditions
NOI Build-Up for 2,734 SF
Gross rent
$44.3K $16.20/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$41.4K $15.15/SF
− OpEx
−$12.4K −$4.54/SF
NOI
$29.0K $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%
$579,760
Cap Rate 7%
$414,114
Cap Rate 9%
$322,089
Alternative Uses
Best Use
Multifamily LT 5
$414.1K
$362.4K – $483.1K
NOI $28,988 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$384.0K
$336.0K – $448.1K
NOI $26,883 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$738.2K
$645.9K – $861.2K
NOI $51,673 @ 7.0% cap · market cap 7.38%
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
408
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
$304,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Savannah, GA
Properties on Market for Duplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, a sunroom, and its own living and dining areas.
Where is this duplex located?
The property is located at 708 E 51st Street Savannah, GA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two 2‑bedroom residences, each with living and dining areas, kitchen, laundry room, and sunroom; 2,734 square feet in a two‑story brick building; Detached rear‑entry garage with space for 2 cars
