Four-Home Residential
1315 Seiler Avenue Savannah, GA 31404
New
For Sale
$1,200,000
MULTI_FAMILY - Savannah, GA
Property Size3,675 SF
Lot Size0.23 Acres
Price / SF$326.53
Days on Market4
Property Features for 1315 Seiler Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R6
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 5, Bedroom 9, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 6
- Interior features
- Ceiling Fan(s)
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 2006227043
- Size
- 3,675 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 15, 16 & 17 BLOCK 18 OLIVER WARD
- Tax Annual Amount
- 5747
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1933
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Aluminum Siding, Block, Concrete
- Roof type
- Composition
Listing Agency:
Laurie deVegter Real Estate
(912) 220-0957
Listed By:
Laurie H. Devegter · License #264519
(912) 220-0957
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 24 at 8:06AM
MLS# SA361028
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 for-sale residential compound features four detached homes arranged around shared green space, creating a cottage-court setting on a single lot. Two of the residences are new construction (2026), and the other two have been extensively renovated.
The property is located in Savannah, Georgia, and is described as being within minutes of downtown and major local employers and destinations, including hospitals and SCAD, as well as Truman Parkway and nearby neighborhood restaurants.
A condominium regime is currently in process and is anticipated to be completed by October, with the option to sell homes individually over time subject to final recording and applicable approvals. Until then, the property is offered as one investment opportunity.
The property is located in Savannah, Georgia, and is described as being within minutes of downtown and major local employers and destinations, including hospitals and SCAD, as well as Truman Parkway and nearby neighborhood restaurants.
A condominium regime is currently in process and is anticipated to be completed by October, with the option to sell homes individually over time subject to final recording and applicable approvals. Until then, the property is offered as one investment opportunity.
Key Highlights
- Four detached cottages on one site arranged around shared green space
- 2 homes are new construction (2026) and 2 homes have been extensively renovated
- Condominium regime is in process and anticipated to be completed by October for potential individual home sales (subject to final recording/approvals)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.5k | $16.20 |
| − Vacancy | −$3.9k | −$1.05 |
| EGI | $55.7k | $15.15 |
| − OpEx | −$16.7k | −$4.54 |
| NOI | $39.0k | $10.60 |
3,675 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$516.2K
$451.7K – $602.3K
NOI $36,136 @ 7.0% cap · market cap 3.01%
Theoretical Best
Warehouse
$3.43M
$3.01M – $4.01M
NOI $240,417 @ 7.0% cap · market cap 20.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - For sale as a four-home detached cottage community on one site in Savannah, GA.
Where is this quadplex located?
The property is located at 1315 Seiler Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four detached cottages on one site arranged around shared green space; 2 homes are new construction (2026) and 2 homes have been extensively renovated; Condominium regime is in process and anticipated to be completed by October for potential individual home sales (subject to final recording/approvals)
