Residential Income Property with In-Law
856 E 35th Street Savannah, GA 31401
856 E 35th Street, Savannah, GA, 31401
$525,000
For Sale
$525,000
New Traditional, Other - Savannah, GA
Property Size2,004 SF
Lot Size0.08 Acres
Price / SF$261.98
Days on Market14
Property Features for 856 E 35th Street
General Information
- Property type
- Other
- Property subtype
- Multi Family
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Off Street, Underground/Basement
- Interior features
- Ceiling Fan(s)
- Appliances
- Dryer, Refrigerator
- Standard status
- Active
- APN
- 2005530017
- Size
- 2,004 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Central, Electric (Heating), Forced Air
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1850
- Flooring type
- Carpet, Hardwood, Tile, Tile - Ceramic
- Roof type
- Composition
- Architectural style
- New Traditional
Listing Agency
Engel & Völkers Savannah
(912) 238-0874
1650 East Victory Drive, Savannah, GA
Listed by
Lana Halta Sanders
Added: Jul 7 Updated: Jul 15 at 3:04 am Checked: Jul 20 at 2:06 pm
MLS# SA352923
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Originally built in 1850 and renovated from the studs in 2019, this residential income property includes a main home and a detached, one-level 1 bed / 1 bath in-law cottage. The main residence features charming front and back porches, an open concept floor plan, and a custom built-in foyer bench with coat hooks. Interior updates include large closets, granite countertops, stainless appliances, and new ceramic tile flooring in the kitchen and foyer, along with updated LVP flooring. Two heating and cooling units support the main home, and the property also includes off-street parking.
The home is situated on a quiet block with convenient access to downtown and the beach, as well as the Truman Parkway. Easy access to shopping and restaurants is also noted in the listing.
The detached cottage is currently set up as a short-term rental, with a minimum 30-day stay described in the remarks.
The home is situated on a quiet block with convenient access to downtown and the beach, as well as the Truman Parkway. Easy access to shopping and restaurants is also noted in the listing.
The detached cottage is currently set up as a short-term rental, with a minimum 30-day stay described in the remarks.
Key Highlights
- Renovated in 2019 from the studs
- Detached 1bd/1ba in‑law cottage generating $1800/month in rental income
- Convenient location near downtown, the beach, and the Truman Parkway
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $30.4k | $15.15 |
| − OpEx | −$9.1k | −$4.54 |
| NOI | $21.2k | $10.60 |
2,004 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,248 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$281.5K
$246.3K – $328.4K
NOI $19,705 @ 7.0% cap · market cap 3.75%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.19M
NOI $131,101 @ 7.0% cap · market cap 24.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated main home plus detached one-bedroom in-law cottage with porches, modern finishes, and off-street parking.
Where is this duplex located?
The property is located at 856 E 35th Street Savannah, GA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Renovated in 2019 from the studs; Detached 1bd/1ba in‑law cottage generating $1800/month in rental income; Convenient location near downtown, the beach, and the Truman Parkway
