Two-Bedroom
For Sale
$125,000
Pending
Savannah, GA 31408, Savannah, GA 31408
Residential Income, Savannah, GA
Property Size1,092 SF
Lot Size0.30 Acres
Days on Market343
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Appliances
Electric Water Heater
Standard status
Pending
Size
1,092 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1197
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Window Unit(s), Electric
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Building materials
Wood Siding
Listing Agency:
Neighborhood Realty
(912) 920-3338
Listed By:
Twana O. Nuniss · License #395507
(501) 541-2474
Added: Nov 1, 2025
Changed: Oct 8
Last Checked: Oct 9 at 2:06AM
MLS# SA343965
Copyright © 2026 Hive MLS. 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.
This duplex contains two bedrooms and measures 1,092 square feet. Built in 1955, the building has wood siding, a wall furnace with electric heat, and window-unit cooling. An electric water heater provides hot water.
The property occupies a 0.3-acre lot and is zoned R2. Public water and public sewer serve the site.
The property occupies a 0.3-acre lot and is zoned R2. Public water and public sewer serve the site.
Key Highlights
- Two‑bedroom duplex with 1,092 square feet of building area
- 0.3‑acre lot
- Built in 1955 with wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,738
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,760
$214.8K
Cap Rate 7%
$153,400
$153.4K
Cap Rate 9%
$119,311
$119.3K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$20.8K $19.08/SF
− Vacancy
−$1.3K −$1.20/SF
EGI
$19.5K $17.88/SF
− OpEx
−$8.8K −$8.05/SF
NOI
$10.7K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,760
Cap Rate 7%
$153,400
Cap Rate 9%
$119,311
Alternative Uses
Best Use
Multifamily LT 5
$165.4K
$144.7K – $193.0K
NOI $11,578 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$153.4K
$134.2K – $179.0K
NOI $10,738 @ 7.0% cap · market cap 8.59%
Theoretical Best
Warehouse
$1.02M
$893.0K – $1.19M
NOI $71,438 @ 7.0% cap · market cap 57.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Public water and sewer serve the property, with electric water heating.
Where is this duplex located?
The property is located at Savannah, GA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two‑bedroom duplex with 1,092 square feet of building area; 0.3‑acre lot; Built in 1955 with wood siding
