Updated Two-Unit
For Sale
$399,000
814 814-816 Ott St, Savannah, GA 31401
Two side-by-side residences include laundry and dedicated off-street parking.
Property Size1,865 SF
Price / SF$213.94
Days on Market88
Property Features for 814 814-816 Ott St
General Information
Standard status
Active
Size
1,865 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer
Building Details
Year Built
1928
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Jahziel R. Soto · License #393708
(912) 356-5001
Source:
Patrickrealestate
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 15 at 12:50AM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
This 1,865-square-foot duplex, built in 1928, contains two adjoining residences. Each unit offers two bedrooms upstairs, one bathroom, a washer and dryer, and its own off-street parking space. Interior updates, fresh exterior paint, and replaced windows provide a well-maintained physical profile.
The property is at 814-816 Ott St in Savannah, with convenient proximity to Downtown Savannah, the Starland District, the Waters Corridor, SCAD, area hospitals, and Tybee beaches. Its two-unit layout and separate parking arrangements create a straightforward configuration for residential occupancy.
The property is at 814-816 Ott St in Savannah, with convenient proximity to Downtown Savannah, the Starland District, the Waters Corridor, SCAD, area hospitals, and Tybee beaches. Its two-unit layout and separate parking arrangements create a straightforward configuration for residential occupancy.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms upstairs and 1 bath
- 1,865 SF duplex built in 1928
- Washer/dryer provided in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,774
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,480
$395.5K
Cap Rate 7%
$282,486
$282.5K
Cap Rate 9%
$219,711
$219.7K
Market Conditions
NOI Build-Up for 1,865 SF
Gross rent
$30.2K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$28.2K $15.15/SF
− OpEx
−$8.5K −$4.54/SF
NOI
$19.8K $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%
$395,480
Cap Rate 7%
$282,486
Cap Rate 9%
$219,711
Alternative Uses
Best Use
Multifamily LT 5
$282.5K
$247.2K – $329.6K
NOI $19,774 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$262.0K
$229.2K – $305.6K
NOI $18,338 @ 7.0% cap · market cap 4.60%
Theoretical Best
Warehouse
$1.74M
$1.53M – $2.03M
NOI $122,007 @ 7.0% cap · market cap 30.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences include laundry and dedicated off-street parking.
Where is this duplex located?
The property is located at 814 814-816 Ott St Savannah, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms upstairs and 1 bath; 1,865 SF duplex built in 1928; Washer/dryer provided in each unit
