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Off market
  • $981,800

    602 Lincoln St, Savannah, GA 31401

    3beds
    2,661sqft
    Townhouse
    Built in 1984
    1,219 Square Feet Lot
    $981,800 Zestimate®
    $369/sqft
    $4,198 Estimated rent

    Home value

    $981,800

    $893,000 - $1.09M

    $4,198/mo

    Zestimate® history
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    $4,198/mo

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    $6,185/mo

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    $6,185/mo

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    What's special

    Great opportunity to buy a highly profitable income producing STVR duplex, minutes away from Forsyth park in Downtown Savannah. This home is currently leased with an existing STVR license in place. The top apartment is 2 bed, 2.5 bath with front and rear terrace, juliette balcony, living room, eat in kitchen and study. Downstairs is a 1 bed, 1 bath with open plan kitchen lounge and dining area. Property comes with 2 off street parking spaces and owners will sell fully furnished. The property is currently tenanted with one lease in place until May 2021 and the other lease open to discussion regarding an early termination if required for sale. When operated as an STVR in 2018 and 2019, the property achieved income levels of $99,220 and $100,426 in 2018 and 2019 making this a superb investment property at a pro forma 9.9% Cap Rate

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • High Ceilings
    • Flooring: Hardwood
    • Windows: Double Pane Windows
    • Has fireplace: Yes
    • Fireplace features: Living Room, Non-Working
    • Common walls with other units/homes: 1 Common Wall, End Unit
    Interior area
    • Structure area source: tax assessor
    • Total interior livable area: 2,661 sqft

    Property

    Parking
    • Total spaces: 2
    Features
    • Patio & porch: Deck, Porch, Patio-Uncovered
    • Exterior features: Stucco
    Lot
    • Size: 1,219 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 2004402019
    • Zoning: RIPA

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Contemporary
    Materials
    • Frame
    • Foundation: Other
    • Roof: Built-up
    Condition
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public Water
    Green energy
    • Energy efficient items: Thermostat

    Community & HOA

    Community
    • Security: Alarm-Smoke/Fire
    HOA
    • Has HOA: Yes
    • HOA fee: $4 monthly
    Location
    • Region: Savannah

    Financial & listing details

    • Price per square foot: $369/sqft
    • Tax assessed value: $1,218,000
    • Annual tax amount: $14,026
    • Inclusions: ceiling fans, Alarm-Smoke/Fire
    • Tenant pays: Cable TV, Electricity, Gas, Sewer, Water, Trash Collection, Telephone
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    4/6/2021Sold$730,000-5.8%$274/sqft
    Source: Hive MLS #SA239633 Report a problem
    12/22/2020Listed for sale$775,000+65.2%$291/sqft
    Source: Judge Realty, LLC #239633 Report a problem
    3/22/2016Sold$469,000+61.2%$176/sqft
    Source: Public Record Report a problem
    3/31/2005Sold$291,000$109/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,026 +20%$487,200 +21.2%
    2024$11,684 +31.5%$402,120 +32.2%
    2023$8,885 +11%$304,240 +11%
    2022$8,006 +128.4%$274,120 +121.4%
    2021$3,505 -2.5%$123,840
    2020$3,596 +1.4%$123,840
    2019$3,546 -30.5%$123,840 +0.9%
    2018$5,104 +0.1%$122,760 -2.8%
    2017$5,096 $126,280
    Find assessor info on the county website

    Neighborhood: South Historic District

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $981,800
    2% more
    +$19,636
    With Zillow Showcase(estimated)
    $1,001,436
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $981,800
    2% more
    +$19,636
    With Zillow Showcase(estimated)
    $1,001,436