Duplex With Separate
For Sale
$399,000
9670 Whitefield Ave, Savannah, GA 31406
Two independent residences include private driveways, built-in storage, and an additional storage building on the property.
Property Size2,706 SF
Lot Size0.45 Acres
Price / SF$147.45
Days on Market19
Property Features for 9670 Whitefield Ave
General Information
Standard status
Active
Size
2,706 SF
Lot size
0.45 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1935
Buildings
1
Tenancy
Multi
Listing Agency:
Corcoran Austin Hill Realty
(912) 677-6949
Listed By:
Alana R. Dykes · License #405279
(912) 677-6949
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 29 at 3:52PM
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 Corcoran Austin Hill Realty
Investment Insights
Based on property information with market context.
This duplex contains two fully independent residences, each arranged with one bedroom and one bathroom. The lower unit is occupied by a tenant, while the upper unit includes a private balcony and is available for occupancy. Separate driveways serve the two residences, supporting independent access. Storage is incorporated into the primary structure, and a detached storage building provides additional on-site space.
The property sits on approximately 0.45 acres at 9670 Whitefield Ave in Savannah, Georgia. Constructed in 1935, the building offers a two-unit configuration suited to continued rental use or an owner-occupant arrangement, subject to applicable requirements. Each residence has a defined layout and separate access, while the additional storage improvements expand the property's practical functionality.
The property sits on approximately 0.45 acres at 9670 Whitefield Ave in Savannah, Georgia. Constructed in 1935, the building offers a two-unit configuration suited to continued rental use or an owner-occupant arrangement, subject to applicable requirements. Each residence has a defined layout and separate access, while the additional storage improvements expand the property's practical functionality.
Key Highlights
- Two fully separate units, each with 1 bedroom and 1 bathroom
- Approximately 0.45 acres in Savannah’s 31406 area
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,820
$573.8K
Cap Rate 7%
$409,871
$409.9K
Cap Rate 9%
$318,789
$318.8K
Market Conditions
NOI Build-Up for 2,706 SF
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.
Gross rent
$43.8K $16.20/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$41.0K $15.15/SF
− OpEx
−$12.3K −$4.54/SF
NOI
$28.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,820
Cap Rate 7%
$409,871
Cap Rate 9%
$318,789
Alternative Uses
Best Use
Multifamily LT 5
$409.9K
$358.6K – $478.2K
NOI $28,691 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$380.1K
$332.6K – $443.5K
NOI $26,608 @ 7.0% cap · market cap 6.67%
Theoretical Best
Warehouse
$2.53M
$2.21M – $2.95M
NOI $177,025 @ 7.0% cap · market cap 44.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences include private driveways, built-in storage, and an additional storage building on the property.
Where is this duplex located?
The property is located at 9670 Whitefield Ave 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 fully separate units, each with 1 bedroom and 1 bathroom; Approximately 0.45 acres in Savannah’s 31406 area; Built in 1935
