Brick Four-Unit
For Sale
$649,000
11 Hampstead Avenue, Savannah, GA 31405
Residential Income, Savannah, GA
Property Size3,066 SF
Lot Size0.33 Acres
Price / SF$211.68
Days on Market49
Property Features for 11 Hampstead Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R1
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Gas Water Heater
Directions
North on White Bluff, turn left on Hampstead Avenue. 2 duplex units on the left.
Standard status
Active
APN
2012704008
Size
3,066 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
LOTS 8, 9 AND 10 SAVANNEX SUB MINGLEDORFF WARD
Legal Description
LOTS 8, 9 AND 10 SAVANNEX SUB MINGLEDORFF WARD
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
private courtyard/outdoor space
Building Details
Year built
1963
Floors in Building
1
Number of units
4
Building materials
Brick
Architectural style
Bungalow
Listing Agency:
AXEN Realty LLC
(623) 624-9685
Listed By:
Jennifer Reynolds · License #395856
(912) 704-5794
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 27 at 7:06PM
MLS# SA364270
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.
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Investment Insights
Based on property information with market context.
This 3,066-square-foot multifamily property consists of two brick buildings configured as four separate units. Each approximately 760-square-foot residence includes two bedrooms, one full bathroom, a functional living area, and a private courtyard or outdoor area. The single-story layout is complemented by off-street parking, porches, central heating and air conditioning, and gas water heating.
Set on 0.33 acres in Savannah, the property is zoned R1 and served by public water and public sewer. The buildings date to 1963, with roof replacements completed in 2024 and newer HVAC equipment in place. All four residences are currently tenant occupied. Hunter Army Airfield and Savannah Technical College are nearby, with shopping, dining, employment, education, and major area roadways also identified in the surrounding context.
Set on 0.33 acres in Savannah, the property is zoned R1 and served by public water and public sewer. The buildings date to 1963, with roof replacements completed in 2024 and newer HVAC equipment in place. All four residences are currently tenant occupied. Hunter Army Airfield and Savannah Technical College are nearby, with shopping, dining, employment, education, and major area roadways also identified in the surrounding context.
Key Highlights
- Four total units across two brick duplex buildings
- Each unit is 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
$32,508
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,160
$650.2K
Cap Rate 7%
$464,400
$464.4K
Cap Rate 9%
$361,200
$361.2K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$49.7K $16.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$46.4K $15.15/SF
− OpEx
−$13.9K −$4.54/SF
NOI
$32.5K $10.60/SF
Area
Savannah, GA
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,160
Cap Rate 7%
$464,400
Cap Rate 9%
$361,200
Alternative Uses
Best Use
Multifamily LT 5
$464.4K
$406.4K – $541.8K
NOI $32,508 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$430.7K
$376.9K – $502.5K
NOI $30,148 @ 7.0% cap · market cap 4.65%
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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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied brick asset with four single-story units and private outdoor spaces.
Where is this quadplex located?
The property is located at 11 Hampstead Avenue 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: Four total units across two brick duplex buildings; Each unit is approximately 760 square feet with 2 bedrooms and 1 full bathroom; All four units are fully tenant occupied
