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    Savannah Multifamily Investment Opportunity Title is generated by Realmo AI

    3 Berkley Place, Savannah, GA 31405

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    Claim this Listing
    For Sale
    $1,050,000

    MULTI_FAMILY - Other - Savannah, GA

    Property size:
    5,460 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $192/SF
    Added:
    Feb 4, 2026
    Days on Market:
    125
    Last Refresh:
    Jun 9 at 12:06 am

    Property Features for 3 Berkley Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM25
    Bedrooms
    10
    Bathrooms
    10
    Rooms
    Bedroom 9, Bathroom 2, Bathroom 9, Bathroom 10, Bathroom 4, Bedroom 10, Bedroom 7, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 8, Bathroom 8, Bathroom 7, Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2
    Parking features
    Off Street, Parking Lot
    Patio and Porch features
    Porch
    Appliances
    Dryer, Dishwasher, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    2011211009
    Size
    5,460 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 250 GROOVER WD SYLVAN TERRACE SUB PH 2
    Tax Annual Amount
    6888

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Chelsea Phillips
    Chelsea Phillips

    Listing agent Chelsea Phillips License #349197

    Listing office Six Bricks LLC 210 E Park Avenue, Savannah, GA

    Listing date Feb 4, 2026

    MLS# SA347916 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

    • Prime location near Downtown, Derenne, hospitals, and SCAD.
    • Features eight off‑street parking spaces.
    • Four updated units with washer & dryers in each.
    • Two units (3A and 3B) are furnished for turn‑key rentals.
    • Steady income potential in a developing area.
    • Low‑maintenance property with solid layouts.

    Overview

    Located just off Bull Street in Savannah, Georgia, 3 Berkley Place is a well-maintained four-unit multifamily property. Situated in Sylvan Terrace, the property is conveniently located minutes from Downtown, Derenne, hospitals, and SCAD. The units are clean, updated, and designed for low-stress ownership, each featuring washer & dryers. The property includes a mix of carpet and vinyl flooring throughout. Two units (3A and 3B) are furnished for turn-key rental opportunities. The property provides 8 off-street parking spaces. With nearby development continuing to boost the area, this property offers location, convenience, and income potential. The 0.22-acre lot is zoned RM25. The property's location near the Arcadia and other units renting for over $2,500/mo suggests income potential. The property size is 5,460 square feet.

    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 $88.5k $16.20
    − Vacancy −$5.7k −$1.05
    EGI $82.7k $15.15
    − OpEx −$24.8k −$4.54
    NOI $57.9k $10.60
    5,460 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $827.0K
    $723.7K – $964.9K (±1% cap)
    NOI $57,892 @ 7.0% cap · market cap 5.51%
    Second Best
    Apartment 5plus
    $767.0K
    $671.1K – $894.8K (±1% cap)
    NOI $53,688 @ 7.0% cap · market cap 5.11%
    Theoretical Best
    Warehouse
    $5.10M
    $4.46M – $5.95M (±1% cap)
    NOI $357,191 @ 7.0% cap · market cap 34.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.110592
    Latitude
    32.030768

    FAQs

    What type of property is this?
    Quadplex - Four-unit property near Downtown, Derenne, hospitals, and SCAD.
    Where is this quadplex located?
    The property is located at 3 Berkley Place Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Prime location near Downtown, Derenne, hospitals, and SCAD.; Features eight off‑street parking spaces.; Four updated units with washer & dryers in each.
    More about this property
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