723 E Henry Street, Savannah, GA 31401
MULTI_FAMILY - Savannah, GA
- Added:
- Jan 22, 2026
- Days on Market:
- 158
- Last Refresh:
- Jun 29 at 12:06 am
Property Features for 723 E Henry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 2
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2005409009
- Size
- 2,398 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- LOT 17 AND EAST 15 FEET OF LOT 18 PADELFORD WARD
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
Listing agent Wynn Martin License #374726 (912) 220-9806
Listing office Eighteen O'Two Realty LLC 1216 Waters Avenue Suite B, Savannah, GA (912) 330-2998
Listing date Jan 22, 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
- Duplex built in 1910 with two separate units
- Lower unit offers 3 bedrooms, 2 full bathrooms, and a flex room for a 4th bedroom/office/bonus space
- Upper unit offers 3 bedrooms, 1 bathroom, and a flex room suitable for a 4th bedroom or home office
- Four off‑street parking spaces and a large wraparound porch
- Utilities include public water and public sewer; electric water heater
Overview
Located in Savannah’s Eastside District, the property is described as being a short walk from Forsyth Park. The setting is positioned for residents who prefer an easy-going, walkable routine and proximity to community activities associated with the park.
With two separate units and multiple flex-room options, the layout can work well for owner-occupants seeking extra space while maintaining income potential from a second unit. House-hacker and multi-family buyers may also appreciate the practical redundancy of bedrooms across both floors, along with off-street parking and the inviting porch for shared outdoor use.
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 | $38.8k | $16.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $36.3k | $15.15 |
| − OpEx | −$10.9k | −$4.54 |
| NOI | $25.4k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.086561
- Latitude
- 32.059939
