Savannah Multifamily Investment
902 E 34th Street Savannah, GA 31401
902 E 34th Street, Savannah, GA, 31401
$795,000
For Sale
$795,000
MULTI_FAMILY - Savannah, GA
Property Size3,644 SF
Lot Size0.13 Acres
Price / SF$218.17
Days on Market179
Property Features for 902 E 34th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2005523005
- Size
- 3,644 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- 73 74 GRAYSON WD
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
Listing Agency
Seabolt Real Estate
(912) 233-6609
24 E Oglethorpe Avenue, Savannah, GA
Listed by
Staci M. Donegan · License #345816
(912) 247-2052
Added: Jan 23 Updated: Jul 14 at 11:14 am Checked: Jul 21 at 3:06 am
MLS# SA346886
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.
Investment Insights
Based on property information with market context.
Located in the growing Eastside area of Savannah, this multifamily property at 902 E. 34th Street presents an opportunity to acquire an income-producing asset. The property features multiple units with functional layouts, allowing for flexible leasing options. Its location provides convenient access to Downtown Savannah, Midtown, parks, and dining. The property is situated on a 0.127-acre lot. The building has a size of 3,644 square feet. The zoning is R4. This property is suitable for investors seeking steady cash flow, future value-add potential, or a long-term hold in an established neighborhood. Convenient access to major roadways enhances tenant appeal. It is a solid addition to any investment portfolio.
Key Highlights
- Multifamily property at 902 E. 34th Street
- Brick construction with Year Built 1940
- Central heating and central air cooling with electric heating and electric AC
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 | $59.0k | $16.20 |
| − Vacancy | −$3.8k | −$1.05 |
| EGI | $55.2k | $15.15 |
| − OpEx | −$16.6k | −$4.54 |
| NOI | $38.6k | $10.60 |
3,644 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.0K
$483.0K – $644.0K
NOI $38,637 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$511.9K
$447.9K – $597.2K
NOI $35,831 @ 7.0% cap · market cap 4.51%
Theoretical Best
Warehouse
$3.41M
$2.98M – $3.97M
NOI $238,389 @ 7.0% cap · market cap 29.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multifamily property in Savannah's Eastside area with strong rental demand.
Where is this quadplex located?
The property is located at 902 E 34th Street Savannah, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Multifamily property at 902 E. 34th Street; Brick construction with Year Built 1940; Central heating and central air cooling with electric heating and electric AC
