Four-Unit Brick Multifamily
For Sale
$649,000
11 Hampstead Ave, Savannah, GA 31405
Fully occupied single-story residences feature private outdoor areas, updated roofs, and newer HVAC units.
Property Size3,066 SF
Price / SF$211.68
Days on Market60
Property Features for 11 Hampstead Ave
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$56,400
Amenities
private courtyard
Building Details
Year Built
1963
Buildings
2
Stories
1
Construction
brick
Listing Agency:
AXEN Realty LLC
Listed By:
Jennifer Reynolds · License #395856
(912) 704-5794
Source:
Augustaaikenhomefinder
Added: Aug 20
Changed: Oct 1
Last Checked: Oct 16 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AXEN Realty LLC
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Investment Insights
Based on property information with market context.
This multifamily property comprises two brick duplex buildings with four total units. Each single-story residence measures approximately 760 square feet and includes two bedrooms, one full bathroom, an efficient living arrangement, and a private courtyard or outdoor area. The property contains 3,066 square feet and was built in 1963.
All four units are tenant occupied. Roofs were replaced in 2024, and the residences have newer HVAC units. The property is near Hunter Army Airfield and Savannah Technical College, with tenants positioned close to shopping, dining, employment, education, and major Savannah-area roadways.
All four units are tenant occupied. Roofs were replaced in 2024, and the residences have newer HVAC units. The property is near Hunter Army Airfield and Savannah Technical College, with tenants positioned close to shopping, dining, employment, education, and major Savannah-area roadways.
Key Highlights
- Two brick duplex buildings with four total units
- Each unit offers approximately 760 square feet with 2 bedrooms and 1 full bathroom
- All four units are fully tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,148
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,960
$603.0K
Cap Rate 7%
$430,686
$430.7K
Cap Rate 9%
$334,978
$335.0K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$58.5K $19.08/SF
− Vacancy
−$3.7K −$1.20/SF
EGI
$54.8K $17.88/SF
− OpEx
−$24.7K −$8.05/SF
NOI
$30.1K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,960
Cap Rate 7%
$430,686
Cap Rate 9%
$334,978
Alternative Uses
Best Use
Apartment 5plus
$430.7K
$376.9K – $502.5K
NOI $30,148 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.87M
$2.51M – $3.34M
NOI $200,576 @ 7.0% cap · market cap 30.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied single-story residences feature private outdoor areas, updated roofs, and newer HVAC units.
Where is this multifamily property located?
The property is located at 11 Hampstead Ave Savannah, GA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two brick duplex buildings with four total units; Each unit offers approximately 760 square feet with 2 bedrooms and 1 full bathroom; All four units are fully tenant occupied
