Building Details

Buildings 1

Listing Agency: Keller Williams Coastal Area P p***@yahoo.com Show Phone

Listed By: Jahziel R. Soto · License #393708 Show Phone

Source: Exprealty

Added: Sep 23, 2025 Changed: Oct 2 Last Checked: Oct 16 at 10:58AM

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Investment Insights

Based on property information with market context.

This two-unit duplex is arranged as a pair of side-by-side residences, with each unit offering two upstairs bedrooms and one bathroom. Both homes include washer and dryer connections or equipment, along with a dedicated off-street parking space. Interior updates have been completed in each unit, while the property has also received refreshed exterior paint and replacement windows.

The property is positioned minutes from Downtown Savannah, the Starland District, the Waters Corridor, SCAD, area hospitals, and Tybee beaches. Its compact two-residence layout and separate parking assignments provide a clearly defined configuration for an investor seeking a multifamily property near established Savannah destinations.

Key Highlights

• Two side‑by‑side units, each with 2 bedrooms and 1 bath
• Private washer and dryer setup in both residences
• Dedicated off‑street parking space assigned to each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,774

Cap Rate

4.71%

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

Is this asking price fair?

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 (±1% cap)

NOI $19,774 @ 7.0% cap · market cap 4.71%

Second Best

Apartment 5plus

$262.0K

$229.2K – $305.6K (±1% cap)

NOI $18,338 @ 7.0% cap · market cap 4.37%

Theoretical Best

Warehouse

$1.74M

$1.53M – $2.03M (±1% cap)

NOI $122,007 @ 7.0% cap · market cap 29.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Skin Care Clinic Building Supply Parking Lot & Garage Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Side-by-side residences combine refreshed interiors with private laundry and dedicated off-street parking.

Where is this duplex located?

The property is located at 816-814 Ott St Savannah, GA.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bath; Private washer and dryer setup in both residences; Dedicated off‑street parking space assigned to each unit