Two-Unit Duplex with
7402 Johnny Mercer Boulevard, Savannah, GA 31410
For Sale
New
$635,000
Residential Income, Savannah, GA
Property Size2,804 SF
Lot Size0.23 Acres
Price / SF$226.46
Days on Market2
Property Features for 7402 Johnny Mercer Boulevard
General Information
Property type
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Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Fencing
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
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Building Details
Year built
Floors in Building
Number of units
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Listing Agency:
Savannah Realty
(912) 236-9000
Listed By:
Richard Sturgess · License GA #145467
(912) 844-2300
Added: Nov 11
Last Checked: Nov 12 at 2:06PM
MLS# SA368035
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 2,804-square-foot duplex contains two residences, each arranged with two bedrooms, two full bathrooms, and one half bath. Open kitchens and luxury vinyl plank flooring span each unit’s ground level. Both homes also have a rear patio and a wood privacy fence enclosing the backyard. The property was built in 2003 and has off-street parking, central electric heating and cooling, public water, and public sewer.
Located on Wilmington Island, the property sits between downtown Savannah and Tybee Island’s beaches, with shopping, dining, and entertainment described as accessible from the site. Zoning is R1, and the parcel measures 0.23 acres. A neighboring duplex at 7404 Johnny Mercer Boulevard is also offered for sale.
Located on Wilmington Island, the property sits between downtown Savannah and Tybee Island’s beaches, with shopping, dining, and entertainment described as accessible from the site. Zoning is R1, and the parcel measures 0.23 acres. A neighboring duplex at 7404 Johnny Mercer Boulevard is also offered for sale.
Key Highlights
- Two residences, each with 2 bedrooms, 2 full baths, and 1 half bath
- 2,804‑square‑foot building on a 0.23‑acre parcel
- Open kitchen in each unit; luxury vinyl plank flooring throughout both first floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,731
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,620
$594.6K
Cap Rate 7%
$424,729
$424.7K
Cap Rate 9%
$330,344
$330.3K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$45.4K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$42.5K $15.15/SF
− OpEx
−$12.7K −$4.54/SF
NOI
$29.7K $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%
$594,620
Cap Rate 7%
$424,729
Cap Rate 9%
$330,344
Alternative Uses
Best Use
Multifamily LT 5
$424.7K
$371.6K – $495.5K
NOI $29,731 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$393.9K
$344.6K – $459.5K
NOI $27,571 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$757.1K
$662.5K – $883.3K
NOI $52,996 @ 7.0% cap · market cap 8.35%
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
238
Businesses Nearby
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Business Placement
Demographics for 31410, GA
23,782
Population
10,263
Households
2.3
Avg Household Size
45
Median Age
51%
College-Educated
98%
High-School Grad
22.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$97,225
Median Household Income
$54,693
Median Earnings
$1,702
Median Rent
$367,700
Median Home Value
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Market
Average Price Trend$/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 - Both residences include open kitchens and private, fenced outdoor areas.
Where is this duplex located?
The property is located at 7402 Johnny Mercer Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 2 full baths, and 1 half bath; 2,804‑square‑foot building on a 0.23‑acre parcel; Open kitchen in each unit; luxury vinyl plank flooring throughout both first floors
