Restored Duplex with Carriage
90 Varnedoe Ave, Savannah, GA 31408
For Sale
$485,700
Two distinct dwellings pair historic character with updated systems and an active STVR permit.
Property Size1,930 SF
Lot Size0.74 Acres
Price / SF$251.66
Days on Market99
Property Features for 90 Varnedoe Ave
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
RV ready
EV charging pre-wiring
Building Details
Year Built
Buildings
Construction
Listing Agency:
Next Move Real Estate LLC
Listed By:
Scotti Moore · License GA #331532
(912) 272-8600
Source:
Southeastgahomesearch
Added: Aug 8
Changed: Nov 12
Last Checked: Nov 12 at 12:06PM
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 Next Move Real Estate LLC
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Investment Insights
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This restored duplex combines a Colonial Revival main residence with a separate carriage house ADU. Built in 1935, the property retains original pine and hardwood flooring, plasterwork, picture rails, glass door knobs, rounded corners, and nine-foot ceilings. The 1,410-square-foot main home offers three bedrooms, two full baths, a dedicated laundry area, and a renovated kitchen with leathered marble countertops, farmhouse sink, and custom cabinetry. The 520-square-foot carriage house includes one bedroom, one bath, a private entrance, and its own laundry room.
Set on a 0.744-acre city lot at 90 Varnedoe Avenue in Savannah, the property includes a circular driveway, paved parking, RV access, a deck, and mature oak and pecan trees. It is zoned R1 and located 10 minutes from Historic Downtown Savannah and the Houlihan Boat Ramp, with access to the Savannah River. The carriage house has an active STVR Permit and may also be used for long- or mid-term leasing or as a guest suite.
Set on a 0.744-acre city lot at 90 Varnedoe Avenue in Savannah, the property includes a circular driveway, paved parking, RV access, a deck, and mature oak and pecan trees. It is zoned R1 and located 10 minutes from Historic Downtown Savannah and the Houlihan Boat Ramp, with access to the Savannah River. The carriage house has an active STVR Permit and may also be used for long- or mid-term leasing or as a guest suite.
Key Highlights
- 1,930 SF total across the main residence and separate carriage house ADU
- Main home includes 3 bedrooms, 2 full baths, and a renovated kitchen
- Carriage house measures 520 SF with 1 bedroom, 1 bath, private entrance, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,464
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,280
$409.3K
Cap Rate 7%
$292,343
$292.3K
Cap Rate 9%
$227,378
$227.4K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$31.3K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$29.2K $15.15/SF
− OpEx
−$8.8K −$4.54/SF
NOI
$20.5K $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%
$409,280
Cap Rate 7%
$292,343
Cap Rate 9%
$227,378
Alternative Uses
Best Use
Multifamily LT 5
$292.3K
$255.8K – $341.1K
NOI $20,464 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$521.1K
$456.0K – $608.0K
NOI $36,477 @ 7.0% cap · market cap 7.51%
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
294
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Business Placement
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
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Market
Average Price Trend$/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 - Two distinct dwellings pair historic character with updated systems and an active STVR permit.
Where is this duplex located?
The property is located at 90 Varnedoe Ave Savannah, GA.
What is the asking price?
The asking price for this property is $485,700.
What are key features of this property?
This property features: 1,930 SF total across the main residence and separate carriage house ADU; Main home includes 3 bedrooms, 2 full baths, and a renovated kitchen; Carriage house measures 520 SF with 1 bedroom, 1 bath, private entrance, and laundry room
