Renovated Ranch on
2223 E Derenne Avenue, Savannah, GA 31406
MULTI_FAMILY - Ranch - Savannah, GA
Type:Single Family Residence
Property size:
2,862 SFLot size:
1.07 AcresPrice / SF:
$157/SF- Added:
- May 6, 2026
- Days on Market:
- 28
- Last Refresh:
- Jun 2 at 3:06 pm
Property Features for 2223 E Derenne Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R6
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
- Interior features
- Ceiling Fan(s)
- Fencing
- Chain Link, Fenced, Barbed Wire
- Appliances
- Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- 2013606030
- Size
- 2,862 SF
- Lot size
- 1.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WEST 100 X 472 X 100 X 463 OF LOT 24 GOLF COURSE TRACT COOK WA RD
- Tax Annual Amount
- 3657
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Sabriya Scott License #269094 (912) 844-0682
Listing office Scott Realty Professionals 100-A E Montgomery Xrds, Savannah, GA (912) 349-7766
Listing date May 6, 2026
MLS# SA355548
Listing URL
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
- Two separate living units (3 bedrooms, 3 bathrooms total) ideal for multi‑generational living or rental income, easily convertible to a single‑family home.
- Over 1 acre lot with a sprawling yard, oversized 2‑car detached garage, and a barn for storage or workspace.
- Beautifully renovated all‑brick ranch with modern updates throughout, including updated kitchens with granite countertops and stainless steel appliances.
- No HOA restrictions, offering ample space for commercial vehicles, campers, or recreational toys.
- Guest house featuring a full kitchen, living room, dining room, bonus room/office, laundry room, bedroom, and full bath.
- Main home features stunning wood flooring, a sunroom off the primary bedroom, and generously sized bedrooms with ample closet space.
Overview
This renovated all-brick ranch is set on over 1 acre and features nearly 2,900 square feet of versatile living space with modern updates throughout. Located on the far east end of Derenne, the property offers two separate living units with a total of 3 bedrooms and 3 full bathrooms. The property can be converted back to a single-family home by removing one wall. It is suited for multi-generational living, a private suite, or generating rental income while occupying the main home. The guesthouse includes a bedroom, full bath, living room, dining room, bonus room or office, laundry room, and a fully equipped kitchen. The main home features 2 bedrooms with closet space, wood flooring, a family room, formal dining room, a sunroom off the primary bedroom, laundry room and an updated bathroom. The modern kitchen boasts white cabinetry, granite countertops, and stainless-steel appliances. Outdoor living is enhanced by a sprawling yard, oversized 2-car detached garage, and a barn offering additional storage or workspace. There is room for commercial vehicles, campers, or recreational toys. Located in Savannah, Georgia, the property has no HOA restrictions.
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 | $46.4k | $16.20 |
| − Vacancy | −$3.0k | −$1.05 |
| EGI | $43.4k | $15.15 |
| − OpEx | −$13.0k | −$4.54 |
| NOI | $30.3k | $10.60 |
2,862 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.5K
$379.3K – $505.8K
NOI $30,345 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$402.0K
$351.8K – $469.0K
NOI $28,142 @ 7.0% cap · market cap 6.26%
Theoretical Best
Warehouse
$2.67M
$2.34M – $3.12M
NOI $187,231 @ 7.0% cap · market cap 41.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.073283
- Latitude
- 32.018101
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - All-brick ranch with versatile living space and modern updates.
Where is this single family property located?
The property is located at 2223 E Derenne Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two separate living units (3 bedrooms, 3 bathrooms total) ideal for multi‑generational living or rental income, easily convertible to a single‑family home.; Over 1 acre lot with a sprawling yard, oversized 2‑car detached garage, and a barn for storage or workspace.; Beautifully renovated all‑brick ranch with modern updates throughout, including updated kitchens with granite countertops and stainless steel appliances.
