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    Savannah Historic District Income Property Title is generated by Realmo AI

    517 E Liberty Street, Savannah, GA 31401

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    Claim this Listing
    For Sale
    Under Contract
    $1,600,000

    MULTI_FAMILY - Other - Savannah, GA

    Property size:
    3,324 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $481/SF
    Added:
    Jan 7, 2026
    Days on Market:
    147
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 517 E Liberty Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RIP-B
    Bedrooms
    5
    Bathrooms
    6
    Rooms
    Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 4
    Parking features
    Garage, Off Street, On Street, Open
    Window features
    Double Pane Windows
    Patio and Porch features
    Patio, Porch
    Interior features
    Fireplace, Instant Hot Water, Programmable Thermostat
    Exterior features
    Courtyard
    Fencing
    Fenced, Privacy
    Fireplace
    1
    Appliances
    Some Electric Appliances, Some Gas Appliances, Cooktop, Dishwasher, Electric Water Heater, Disposal, Gas Water Heater, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Range Hood, Self Cleaning Oven
    Standard status
    Active Under Contract
    APN
    2-0014-13-028
    Size
    3,324 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Description
    Lot 4 Liberty Townes Subdivision

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central, Heat Pump (Heating), Zoned
    Cooling system
    Zoned, Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2018
    Floors in Building
    3
    Building materials
    Brick, Frame, Wood Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Brett A. Strickland
    Brett A. Strickland

    Listing agent Brett A. Strickland License #389644

    Listing office Noble Nest Real Estate LLC 1936 Walthour RD, Savannah, GA

    Listing date Jan 7, 2026

    MLS# SA346293 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

    • Fully licensed STVR property with three certificates in Savannah's Landmark Historic District.
    • Three separate, income‑generating units: main residence, garden‑level apartment, and carriage house apartment.
    • Main residence features high ceilings, gourmet kitchen, gas fireplace, and two owner's suites with private baths and walk‑in closets.
    • Second‑floor deck with views of St. John's Cathedral.
    • Detached carriage house includes a two‑car garage.
    • Newer construction (2018) offering modern living and low‑maintenance courtyard with turf and paver patio.

    Overview

    This three-story brick townhome is a fully licensed Short-Term Vacation Rental property with three STVR certificates, situated in Savannah's Landmark Historic District. The property features three separate, income-generating units. The main residence includes high ceilings, a gourmet kitchen, a dining area, a spacious living room with a gas fireplace, and two owner's suites, each with private baths and walk-in closets. An elevator shaft is available for future accessibility. A second-floor deck offers views of St. John's Cathedral. The garden-level apartment has one bedroom and one bathroom, a private entry, and full amenities. The detached carriage house includes a two-car garage and an upstairs apartment with one bedroom and one bathroom. The property also features a courtyard with low-maintenance turf and a paver patio. The property is suitable for short term rentals, multifamily use and residential income. The lot size is 0.045 acres and the property size is 3324 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.087797
    Latitude
    32.072901

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    FAQs

    What type of property is this?
    Short term rental property - Three-unit short-term rental property in Savannah's Landmark Historic District.
    Where is this short term rental property located?
    The property is located at 517 E Liberty Street Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Fully licensed STVR property with three certificates in Savannah's Landmark Historic District.; Three separate, income‑generating units: main residence, garden‑level apartment, and carriage house apartment.; Main residence features **high ceilings, gourmet kitchen, gas fireplace, and two owner's suites with private baths and walk‑in closets.**
    (912) 547-2812
    We can help!
    Listing Contact
    Brett A. Strickland
    Brett A. Strickland
    Real Estate License ID: 389644
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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