Savannah Multifamily Investment
309 W 41st Street Savannah, GA 31401
309 W 41st Street, Savannah, GA, 31401
$1,189,000
For Sale
$1,189,000
MULTI_FAMILY - Savannah, GA
Property Size5,358 SF
Lot Size0.19 Acres
Price / SF$221.91
Days on Market112
Property Features for 309 W 41st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RIP
- Bedrooms
- 16
- Bathrooms
- 4
- Rooms
- Bedroom 12, Bedroom 1, Bedroom 16, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 10, Bedroom 14, Bedroom 13, Bedroom 15, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 11, Bedroom 7, Bathroom 4, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 2
- Parking features
- Off Street, Parking Lot
- Interior features
- Pull Down Attic Stairs
- Appliances
- Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 2007330002
- Size
- 5,358 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 62 AND WEST 30 FEET OF LOT 61 LOVELL WARD
- Tax Annual Amount
- 6931
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Hardwood
- Building materials
- Wood Siding
Listing Agency
Bare Real Estate
(912) 712-6606
523 Jackson Blvd, Savannah, GA
Listed by
Daniel Worsley · License #357843
(912) 308-9806
Added: Apr 1 Updated: Jul 18 at 7:22 am Checked: Jul 21 at 2:06 am
MLS# SA352132
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.
Investment Insights
Based on property information with market context.
Located in Savannah's Starland District, this multi-family property at 309 W 41st Street features four units, each with 4 bedrooms and 1 bathroom. The property totals approximately 5,358 square feet. Each unit generates around $2,000 per month. Zoned TN-2, the property offers flexibility for continued multifamily use and future development opportunities. A .07-acre off-street parking lot presents a potential value-add opportunity for expansion, additional units, or increased density. The property benefits from proximity to SCAD, downtown, dining, retail, and entertainment. It is suited for student housing, roommate-style living, or workforce housing.
Key Highlights
- 4‑unit multifamily at 309 W 41st Street; each unit has 4 bedrooms and 1 bathroom
- Total size of approximately 5,358 SF with each unit generating around $2,000/month in‑place rent
- Zoned TN‑2, offering flexibility for continued multifamily use and future development
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 | $86.8k | $16.20 |
| − Vacancy | −$5.6k | −$1.05 |
| EGI | $81.2k | $15.15 |
| − OpEx | −$24.3k | −$4.54 |
| NOI | $56.8k | $10.60 |
5,358 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$811.6K
$710.1K – $946.8K
NOI $56,810 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$752.6K
$658.6K – $878.1K
NOI $52,685 @ 7.0% cap · market cap 4.43%
Theoretical Best
Warehouse
$5.01M
$4.38M – $5.84M
NOI $350,518 @ 7.0% cap · market cap 29.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units in Savannah's Starland District with income potential.
Where is this quadplex located?
The property is located at 309 W 41st Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: 4‑unit multifamily at 309 W 41st Street; each unit has 4 bedrooms and 1 bathroom; Total size of approximately 5,358 SF with each unit generating around $2,000/month in‑place rent; Zoned TN‑2, offering flexibility for continued multifamily use and future development
