New Construction
For Sale
$980,000
A-1228 E Anderson St, Savannah, GA 31401
Two three-bedroom units feature en-suite baths, quartz kitchens, shared storage, and a fenced concrete courtyard.
Property Size3,494 SF
Price / SF$280.48
Days on Market275
Property Features for A-1228 E Anderson St
General Information
Standard status
Active
Size
3,494 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Amenities
electric fireplaces
shared storage
fully fenced
concrete courtyard
Building Details
Buildings
1
Listing Agency:
Realty One Group Inclusion
Listed By:
Inna Adams · License #385233
(912) 844-1846
Source:
Exprealty
Added: Dec 3, 2025
Changed: Aug 31
Last Checked: Sep 1 at 11:35PM
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 Realty One Group Inclusion
Investment Insights
Based on property information with market context.
This newly built duplex contains 3,494 square feet with two residential units measuring 1,747 square feet each. Both layouts include three bedrooms, three-and-a-half bathrooms, open living areas, tall ceilings, electric fireplaces, wood cabinetry, quartz countertops, premium appliances, tiled en-suite baths, walk-in closets, and dedicated laundry rooms. The property also provides shared storage and durable finishes throughout. The upper residence adds tray ceilings, a balcony, and bonus storage. A full fence encloses the concrete courtyard.
Located at A-1228 E Anderson St in Savannah, the property is near historic Victorian homes and established tree-lined streets. Downtown, SCAD buildings, hospitals, parks, dining, and other Savannah attractions are described as minutes away.
Located at A-1228 E Anderson St in Savannah, the property is near historic Victorian homes and established tree-lined streets. Downtown, SCAD buildings, hospitals, parks, dining, and other Savannah attractions are described as minutes away.
Key Highlights
- Two‑unit duplex totaling 3,494 square feet
- Each unit measures 1,747 square feet and includes 3BR/3.5BA
- New construction with open layouts, high ceilings, and electric fireplaces
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
$37,047
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
3.78%
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%
$740,940
$740.9K
Cap Rate 7%
$529,243
$529.2K
Cap Rate 9%
$411,633
$411.6K
Market Conditions
NOI Build-Up for 3,494 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
$56.6K $16.20/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$52.9K $15.15/SF
− OpEx
−$15.9K −$4.54/SF
NOI
$37.0K $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%
$740,940
Cap Rate 7%
$529,243
Cap Rate 9%
$411,633
Alternative Uses
Best Use
Multifamily LT 5
$529.2K
$463.1K – $617.5K
NOI $37,047 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$490.8K
$429.5K – $572.6K
NOI $34,356 @ 7.0% cap · market cap 3.51%
Theoretical Best
Warehouse
$3.27M
$2.86M – $3.81M
NOI $228,576 @ 7.0% cap · market cap 23.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,759
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature en-suite baths, quartz kitchens, shared storage, and a fenced concrete courtyard.
Where is this duplex located?
The property is located at A-1228 E Anderson St Savannah, GA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,494 square feet; Each unit measures 1,747 square feet and includes 3BR/3.5BA; New construction with open layouts, high ceilings, and electric fireplaces
