Newly Renovated 6-Unit
810-816 W 38th/ 2120- 2122 Bulloch Street Savannah, GA 31415
For Sale
$999,000
MULTI_FAMILY - Other - Savannah, GA
Property Size5,245 SF
Lot Size0.12 Acres
Price / SF$190.47
Days on Market525
Property Features for 810-816 W 38th/ 2120- 2122 Bulloch Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tr-1
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 12, Bedroom 5, Bedroom 7, Bedroom 11, Bathroom 4, Bedroom 8, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 10, Bedroom 1, Bedroom 3, Bedroom 9, Bathroom 1, Bedroom 4, Bedroom 2
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2007303020/2007303021
- Size
- 5,245 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- LT 87A RECOMBINATION OF 87 & 88 BROWNSVILLE WD PRB 39P 82 .12AC
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Electric (Heating)
- Cooling system
- Electric, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Building materials
- Wood Siding
- Architectural style
- Other
Listing Agency:
BHHS Bay Street Realty Group
(912) 355-4171
Listed By:
Heather Booth · License #314371
(912) 401-9401
Added: Feb 13, 2025
Changed: Jul 8
Last Checked: Jul 23 at 11:06PM
MLS# SA323178
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.
This newly renovated 6-unit multifamily property is configured as units with 2 bedrooms, 1 bathroom, and private entrances. The building is split across two structures, with a large shared, fenced courtyard area available between them for tenant use. Renovations include new kitchens and baths, along with updated flooring, lighting, and electrical and plumbing improvements. Each unit also has HVAC via split systems and updated hot water heaters. Kitchen appliances, including stainless refrigerators and stoves, are planned to be installed by the seller prior to closing.
The property is located near downtown Savannah and within reach of service and construction industry employers, SCAD, other colleges and universities, and I-516.
The current configuration and turnkey condition make this a practical fit for an investor seeking a 1031 exchange or a straightforward residential income asset. The offering includes a stated potential annual income of $91,776, with a pro-forma available upon request. Units are available for immediate occupancy, which can simplify timelines for new ownership.
The property is located near downtown Savannah and within reach of service and construction industry employers, SCAD, other colleges and universities, and I-516.
The current configuration and turnkey condition make this a practical fit for an investor seeking a 1031 exchange or a straightforward residential income asset. The offering includes a stated potential annual income of $91,776, with a pro-forma available upon request. Units are available for immediate occupancy, which can simplify timelines for new ownership.
Key Highlights
- 6‑unit building built in 1990; each unit has 2 beds/1 bath with a private entrance
- Recently renovated units with new kitchens, baths, flooring, lighting, HVAC (split system), hot water heaters, and updated electrical/plumbing
- Kitchen appliances include stainless refrigerators and stoves (to be installed by seller prior to closing)
Financial Insights For Apartment 5plus
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 | $100.1k | $19.08 |
| − Vacancy | −$6.3k | −$1.20 |
| EGI | $93.8k | $17.88 |
| − OpEx | −$42.2k | −$8.05 |
| NOI | $51.6k | $9.83 |
5,245 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$736.8K
$644.7K – $859.6K
NOI $51,573 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.90M
$4.29M – $5.72M
NOI $343,125 @ 7.0% cap · market cap 34.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1031 exchange properties
FAQs
What type of property is this?
Apartment building - Six newly renovated units with private entrances and in-unit upgrades, offering steady residential income potential.
Where is this apartment building located?
The property is located at 810-816 W 38th/ 2120- 2122 Bulloch Street Savannah, GA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 6‑unit building built in 1990; each unit has 2 beds/1 bath with a private entrance; Recently renovated units with new kitchens, baths, flooring, lighting, HVAC (split system), hot water heaters, and updated electrical/plumbing; Kitchen appliances include stainless refrigerators and stoves (to be installed by seller prior to closing)
