Recently Renovated Brick
For Sale
$699,000
4602 Sussex Place, Savannah, GA 31405
MULTI_FAMILY - Other - Savannah, GA
Property Size2,104 SF
Lot Size0.21 Acres
Price / SF$332.22
Days on Market9
Property Features for 4602 Sussex Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1
Parking features
Off Street
Interior features
Ceiling Fan(s), Pull Down Attic Stairs, Programmable Thermostat
Appliances
Some Electric Appliances, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Range Hood, Washer, Dryer, Refrigerator
Subdivision
Lamara Heights
Lot features
Back Yard, Corner Lot, Garden, Level, Private
Directions
Go South on Habersham Street. Turn left onto Lamara Street then right onto Sussex Place. The property will on the left-hand side on the corner of Lamara Street and Sussex Place.
Standard status
Active
APN
2010606001
Size
2,104 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 31 LAMARA HEIGHTS SUB WISE W ARD
Tax Annual Amount
5142
Legal Description
LOT 31 LAMARA HEIGHTS SUB WISE W ARD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Realty One Group Inclusion
(912) 298-7200
Listed By:
Monica Beadleston · License #366695
(305) 562-1914
Added: Jul 22
Changed: Jul 30
Last Checked: Jul 30 at 3:06PM
MLS# SA355335
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.
A turnkey, recently renovated brick duplex built circa 1950, situated on a 0.21-acre corner lot. The property is described as income-producing and includes a long rental history under established management.
Located in the heart of Habersham Village, in a well-established mid-century residential area. The remarks describe the area as low-traffic and walkable, with easy access to grocery stores, restaurants, cafes, pharmacy, and gas station, along with other boutique shops. The property is also positioned in the greater Midtown Medical Arts area, with proximity to Memorial Health University Medical Center and an elementary/middle school currently undergoing a $41 million renovation.
The listing is presented as a consistently rented, high-occupancy property for sale in Savannah, Georgia (31405).
Located in the heart of Habersham Village, in a well-established mid-century residential area. The remarks describe the area as low-traffic and walkable, with easy access to grocery stores, restaurants, cafes, pharmacy, and gas station, along with other boutique shops. The property is also positioned in the greater Midtown Medical Arts area, with proximity to Memorial Health University Medical Center and an elementary/middle school currently undergoing a $41 million renovation.
The listing is presented as a consistently rented, high-occupancy property for sale in Savannah, Georgia (31405).
Key Highlights
- Income‑producing Class A brick duplex built in 1950 on a 0.21‑acre corner lot
- Central HVAC with central air and electric heating
- Inside features include ceiling fans, programmable thermostat, and pull‑down attic stairs
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 | $34.1k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $31.9k | $15.15 |
| − OpEx | −$9.6k | −$4.54 |
| NOI | $22.3k | $10.60 |
2,104 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.7K
$278.9K – $371.8K
NOI $22,309 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,688 @ 7.0% cap · market cap 2.96%
Theoretical Best
Warehouse
$1.97M
$1.72M – $2.29M
NOI $137,643 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently renovated brick duplex on a corner lot in Savannah’s Habersham Village.
Where is this duplex located?
The property is located at 4602 Sussex Place Savannah, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Income‑producing Class A brick duplex built in 1950 on a 0.21‑acre corner lot; Central HVAC with central air and electric heating; Inside features include ceiling fans, programmable thermostat, and pull‑down attic stairs
