2203 Delesseps Avenue, Savannah, GA 31404
MULTI_FAMILY - Savannah, GA
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 2203 Delesseps Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2010312011
- Size
- 2,440 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- NORTH HALF LOT 7 N 1/2 OF 9 BLK N LAROCHE PK SESSOMS WD
- Tax Annual Amount
- 2767
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1936
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Brick
Listing agent John R. Carr V License #389664 (912) 228-0916
Listing office Seaport Real Estate Group 7301 Waters Avenue, Savannah, GA (912) 202-2042
Listing date Jun 19, 2026
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.
HighLights
- 3 income‑producing rental units on one lot: a 2‑bed/1‑bath main house plus a top/bottom carriage house duplex
- Main house is a 2‑bedroom, 1‑bath with 1,132 sq ft
- Each carriage house unit is a 2‑bedroom, 1‑bath layout and is used as a furnished mid‑term executive rental
- Brick construction with central heating and central air (plus electric heating and electric cooling)
- Public water and public sewer
- Year built: 1936 (electric water heater)
Overview
Located at 2203 Delesseps Avenue in Savannah, Georgia 31404, the property sits on a 0.2-acre lot. The site is zoned R6, which supports a multifamily residential use consistent with the property’s existing three-unit configuration.
For buyers seeking housing that can be operated as a small portfolio, this layout provides multiple rental streams within one ownership. The main house has been utilized as a long-term rental, while the two carriage house units have been rented as furnished mid-term executive rentals, offering flexibility for an owner looking to occupy one unit and lease the others. With three separate 2-bedroom, 1-bath homes on-site, the property may appeal to investors and house-hackers who want practical unit-level diversification without acquiring separate parcels.
Local 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 | $39.5k | $16.20 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $37.0k | $15.15 |
| − OpEx | −$11.1k | −$4.54 |
| NOI | $25.9k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.074369
- Latitude
- 32.032103
