Savannah Multifamily Investment
928 Victory Drive, Savannah, GA 31405
MULTI_FAMILY - Bungalow, Ranch - Savannah, GA
Type:Single Family Residence
Property size:
8,563 SFLot size:
1.47 AcresPrice / SF:
$163/SF- Added:
- Dec 5, 2025
- Days on Market:
- 179
- Last Refresh:
- Jun 2 at 5:06 pm
Property Features for 928 Victory Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 19
- Bathrooms
- 12
- Rooms
- Bedroom 3, Bathroom 6, Bathroom 11, Bathroom 3, Bedroom 8, Bedroom 14, Bedroom 12, Bedroom 19, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 10, Bedroom 13, Bedroom 4, Bedroom 7, Bathroom 8, Bedroom 18, Bathroom 12, Bathroom 5, Bedroom 15, Bedroom 17, Bedroom 9, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 1, Bathroom 9, Bedroom 5, Bathroom 7, Bedroom 16
- Interior features
- Ceiling Fan(s), Pull Down Attic Stairs
- Fencing
- Chain Link, Fenced
- 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
- Natural Gas, Electric (Heating), Central
- Cooling system
- Gas (Cooling), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Carpet, Hardwood
- Building materials
- Brick, Wood Siding
- Roof type
- Composition
- Architectural style
- Bungalow, Ranch
Listing agent Ed Yannett License #349501 (912) 844-9000
Listing office Epique Realty 1055 Howell Mill RD 8th Floor, Buford, GA (888) 893-3537
Listing date Dec 5, 2025
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.
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.
- Strong Net Operating Income (NOI) and stabilized cash flow.
- Leases in place through 2026, allowing for structured rent adjustments.
- Well‑maintained properties with only minor deferred maintenance.
Overview
This offering presents an investment opportunity in Savannah, comprising a portfolio of 8 rental units situated across 6 properties. The portfolio includes 6 single-family homes and a carriage house duplex. The properties are currently occupied and generating income. The current rents are below market rates, suggesting potential for increased income through renewal adjustments. The properties are eligible for Section 8 voucher tenants. The portfolio is well-maintained with minimal deferred maintenance. Leases extend through 2026, which allows for a structured approach to future rent adjustments. The portfolio includes properties located at 22 Westminister Drive, 231 Holiday Circle, 4316 Raybun Street, 928 W Victory Drive, 2612-A Stevens Street, 2612-B Stevens Street, 2221 Lorraine Court, and 2348 Toussaint Avenue. The combined property size is 8563 square feet, situated on a 1.47-acre lot.
Local 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 | $163.4k | $19.08 |
| − Vacancy | −$10.3k | −$1.20 |
| EGI | $153.1k | $17.88 |
| − OpEx | −$68.9k | −$8.05 |
| NOI | $84.2k | $9.83 |
8,563 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,199 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.00M
$7.00M – $9.34M
NOI $560,187 @ 7.0% cap · market cap 40.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.111572
- Latitude
- 32.059383
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Portfolio of 8 income-producing rental units in Savannah, Georgia.
Where is this multifamily property located?
The property is located at 928 Victory Drive Savannah, GA.
What is the asking price?
The asking price for this property is $1,399,000.
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.
