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    Savannah Multifamily Income Property Title is generated by Realmo AI

    928 W Victory Drive, Savannah, GA 31415

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    For Sale
    $359,000

    MULTI_FAMILY - Bungalow - Savannah, GA

    Property size:
    1,950 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $184/SF
    Added:
    Feb 13, 2026
    Days on Market:
    109
    Last Refresh:
    Jun 2 at 8:06 am

    Property Features for 928 W Victory Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R4
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1
    Parking features
    Garage, Off Street, On Street
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fan(s), Pull Down Attic Stairs
    Fireplace
    1
    Appliances
    Some Electric Appliances, Electric Water Heater
    Standard status
    Active
    APN
    2007339027
    Size
    1,950 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 52 CANN WARD
    Tax Annual Amount
    4286

    Utilities

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

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    3
    Building materials
    Brick, Block, Wood Siding
    Roof type
    Metal
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Ed Yannett

    Listing agent Ed Yannett License #349501

    Listing office Epique Realty 1055 Howell Mill RD 8th Floor, Buford, GA

    Listing date Feb 13, 2026

    MLS# SA348813 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

    • Income‑producing property with three rental units, providing immediate rental income.
    • Priced competitively, offering three income streams.
    • Convenient central Savannah location with easy access to employment, retail, and transportation.
    • Stabilized investment opportunity focused on scale, leverage, and steady growth.
    • Includes both on‑street and off‑street parking, plus a garage.
    • Features a porch and a fireplace.

    Overview

    Located along a central Savannah corridor with convenient access to employment, retail, and transportation routes, 928 West Victory Drive features a stabilized, income-producing opportunity. The property includes three total units on one parcel, including a primary residence and a rear carriage house configured as a duplex. The property is currently rented and generating income. The property size is 1950 square feet and the lot size is 0.09 acres. The zoning is R4. This property delivers three leased doors and diversified rent streams under one address. The setting supports consistent rental demand. This is an investment focused on scale, leverage, and steady growth.

    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 $31.6k $16.20
    − Vacancy −$2.1k −$1.05
    EGI $29.5k $15.15
    − OpEx −$8.9k −$4.54
    NOI $20.7k $10.60
    1,950 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $295.4K
    $258.5K – $344.6K (±1% cap)
    NOI $20,676 @ 7.0% cap · market cap 5.76%
    Second Best
    Apartment 5plus
    $273.9K
    $239.7K – $319.6K (±1% cap)
    NOI $19,174 @ 7.0% cap · market cap 5.34%
    Theoretical Best
    Warehouse
    $1.82M
    $1.59M – $2.13M (±1% cap)
    NOI $127,568 @ 7.0% cap · market cap 35.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.113076
    Latitude
    32.055675

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    FAQs

    What type of property is this?
    Triplex - Income-producing triplex in Savannah with immediate rental income.
    Where is this triplex located?
    The property is located at 928 W Victory Drive Savannah, GA.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: Income‑producing property with three rental units, providing immediate rental income.; Priced competitively, offering three income streams.; Convenient central Savannah location with easy access to employment, retail, and transportation.
    (912) 844-9000
    We can help!
    Listing Contact
    Ed Yannett
    Real Estate License ID: 349501
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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
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