Occupied Rental Portfolio with Seven
928 Victory Drive Savannah, GA 31405
928 Victory Drive, Savannah, GA, 31405
$1,170,000
For Sale
$1,170,000
MULTI_FAMILY - Bungalow, Ranch - Savannah, GA
Property Size8,563 SF
Lot Size1.47 Acres
Price / SF$136.63
Days on Market225
Property Features for 928 Victory Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 19
- Bathrooms
- 12
- Rooms
- Bedroom 15, Bedroom 11, Bathroom 3, Bedroom 5, Bathroom 7, Bedroom 13, Bedroom 9, Bathroom 9, Bedroom 7, Bedroom 10, Bedroom 6, Bathroom 8, Bathroom 12, Bedroom 1, Bedroom 2, Bathroom 11, Bedroom 18, Bedroom 8, Bedroom 17, Bedroom 19, Bathroom 5, Bathroom 2, Bathroom 10, Bedroom 14, Bathroom 1, Bathroom 6, Bedroom 3, Bedroom 16, Bedroom 12, Bedroom 4, Bathroom 4
- Interior features
- Ceiling Fan(s), Pull Down Attic Stairs
- Fencing
- Fenced, Chain Link
- Appliances
- Electric Water Heater, Gas Water Heater, Oven, Range, Dryer, Refrigerator, Washer
- Standard status
- Active
- Size
- 8,563 SF
- Lot size
- 1.47 Acres
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Central
- Cooling system
- Electric, Gas (Cooling), Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Hardwood, Carpet
- Building materials
- Brick, Wood Siding
- Roof type
- Composition
- Architectural style
- Bungalow, Ranch
Listing Agency
Epique Realty
(888) 893-3537
1055 Howell Mill RD 8th Floor, Buford, GA
Listed by
Ed Yannett · License #349501
(912) 844-9000
Added: Dec 5, 2025 Checked: Jul 18 at 8:06 pm
MLS# SA344828
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.
This sale is a stabilized rental portfolio totaling 7 rental units across 5 properties, including five single-family homes and a carriage house duplex. The properties are currently occupied and producing consistent income. The listing notes the rents are 30–50% below market and that the portfolio is eligible for Sec 8 voucher tenants, with 3-bedroom voucher rates described as high enough to almost double current rents on several homes. Well-maintained overall, with only minor deferred maintenance, and described as having strong NOI. Leases are stated to run through 2026.
The portfolio is located in Savannah, Georgia (31405) within Chatham County. The property package is listed as sold together, including the addresses: 22 Westminister Drive, 4316 Raybun Street, 928 W Victory Drive, 2612-A Stevens Street, 2612-B Stevens Street, 2221 Lorraine Court, and 2348 Toussaint Avenue.
A complete financial package is available. The portfolio is offered as a package sale under the listing terms.
The portfolio is located in Savannah, Georgia (31405) within Chatham County. The property package is listed as sold together, including the addresses: 22 Westminister Drive, 4316 Raybun Street, 928 W Victory Drive, 2612-A Stevens Street, 2612-B Stevens Street, 2221 Lorraine Court, and 2348 Toussaint Avenue.
A complete financial package is available. The portfolio is offered as a package sale under the listing terms.
Key Highlights
- Portfolio of 8 income‑producing rental units across 6 properties.
- Significant upside potential with rents 30‑50% below market value.
- Eligible for Section 8 voucher tenants, potentially doubling current rents on several homes.
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 | $138.7k | $16.20 |
| − Vacancy | −$9.0k | −$1.05 |
| EGI | $129.7k | $15.15 |
| − OpEx | −$38.9k | −$4.54 |
| NOI | $90.8k | $10.60 |
8,563 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.13M – $1.51M
NOI $90,793 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,199 @ 7.0% cap · market cap 7.20%
Theoretical Best
Warehouse
$8.00M
$7.00M – $9.34M
NOI $560,187 @ 7.0% cap · market cap 47.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Portfolio of five single-family homes and a carriage house duplex, all currently occupied.
Where is this single family property located?
The property is located at 928 Victory Drive Savannah, GA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: Portfolio of 8 income‑producing rental units across 6 properties.; Significant upside potential with rents 30‑50% below market value.; Eligible for Section 8 voucher tenants, potentially doubling current rents on several homes.
