301-303 E Henry Street, Savannah, GA 31401
MULTI_FAMILY - Savannah, GA
- Added:
- Apr 6, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 301-303 E Henry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RBC
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 2005312010
- Size
- 5,016 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 74 WHITE WD PRB 10P 184
- Tax Annual Amount
- 11535
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame
Listing agent Brandon Fargo License #416596 (912) 433-1072
Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA (912) 356-5001
Listing date Apr 6, 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
- Prime downtown Savannah location near SCAD in a high‑demand rental market.
- Quadplex with four spacious 2BR/1BA units totaling 5,016 SF.
- Immediate cash flow with zero vacancy and strong in‑place NOI.
- Significant value‑add potential through below‑market rents (comparable units average ~$2,200/month).
- Recent upgrades including a new roof, updated flooring, and interior improvements.
- Historic property with unique architectural character.
Overview
Located in Downtown Savannah, the building is described as being near SCAD and benefits from the area’s established rental market dynamics. The property is situated on a 0.12-acre lot and is zoned RBC.
The layout is well-suited for an owner looking to operate a small multifamily asset with four separate income-producing units. With the recorded unit mix and the noted building improvements, the property offers a straightforward structure for buyers and operators seeking a downtown Savannah income rental, whether for long-term hold or hands-on management.
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 | $81.3k | $16.20 |
| − Vacancy | −$5.3k | −$1.05 |
| EGI | $76.0k | $15.15 |
| − OpEx | −$22.8k | −$4.54 |
| NOI | $53.2k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.094375
- Latitude
- 32.062146
