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    The Largest CRE Database in the US with Over 1 Million Listings

    743 E 40Th St Savannah, GA 31401

    Sponsored
    For Sale
    $895,000

    MULTI_FAMILY - Savannah, GA

    Property size:
    2,472 SF
    Lot size:
    0.14 Acres
    Days on Market:
    26
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 743 E 40Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    TR-1
    Rooms
    Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3
    Bedrooms
    5
    Bathrooms
    4
    APN
    2006329027
    Parking features
    Open, On Street, Off Street
    Patio and Porch features
    Porch, Deck
    Interior features
    Ceiling Fan(s), Pull Down Attic Stairs, Fireplace, Programmable Thermostat
    Exterior features
    Courtyard, Deck, Gas Grill, Outdoor Grill, Landscape Lights
    Fencing
    Privacy, Fenced
    Fireplace
    1
    Appliances
    Some Electric Appliances, Some Gas Appliances, Dishwasher, Gas Water Heater, Microwave, Oven, Plumbed For Ice Maker, Range, Range Hood, Self Cleaning Oven, Dryer, Refrigerator, Washer
    Size
    2,472 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1924
    Floors in Building
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Aluminum Siding, Concrete, Stucco
    Roof type
    Metal, Asphalt

    We can help!

    Listing Contact
    Amber Nicole Parker

    Engel & Volkers (912) 238-0874

    Listing agent Amber Nicole Parker (912) 238-0874 License #408638

    Listing date Jan 26, 2026

    MLS# SA341875

    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.

    Learn more

    Property Insight Report

    Overview

    Updated Savannah Property with Carriage

    Located in the desirable Baldwin Park neighborhood of Savannah, this updated property was built in 1924 on a large double corner lot. The main house features 4 bedrooms and 3 full baths, complemented by a carriage house with a 1-bedroom floor plan. The 2,472 sqft residence combines historic charm with modern comfort, showcasing 4 restored fireplaces and fresh interior and exterior paint. A wrap-around porch includes new lighting and fans. The landscaped garden provides multiple sitting areas. The renovated kitchen is equipped with new appliances, a gas range, and a stylish backsplash. The main floor offers a guest suite, while the second level includes a primary suite with a walk-in closet, rain shower, and porcelain tile, along with two additional bedrooms and a new full bath. The detached carriage house contains a private one-bedroom apartment, suitable for guests, in-laws, or rental income, and sits above a two-car garage with a gym and storage. The property also includes two off-street parking spaces. It is move-in ready and within walking distance of Daffin Park and Grayson Stadium. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.088692
    Latitude
    32.051296

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    FAQs

    What type of property is this?
    Single family property - Updated 4-bed main house plus 1-bed carriage house.
    Where is this single family property located?
    The property is located at 743 E 40Th St Savannah, GA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Main house with 4 beds and 3 baths plus a detached carriage house with a 1-bedroom apartment, offering flexibility.; - Prime location in desirable Baldwin Park, walking distance to Daffin Park and Grayson Stadium.; - Completely updated and move-in ready, blending historic charm with modern amenities, including a renovated kitchen.
    (478) 636-3588
    Request Owner's contact information
    743 E 40Th St Savannah, GA 31401
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    Savannah, GA 31401
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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.

    More about this property
    743 E 40Th St Savannah, GA 31401
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    We can help!
    Listing Contact
    Amber Nicole Parker
    Real Estate License ID: 408638
    (478) 636-3588 (912) 238-0874
    Learn more
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