Brick Triplex with Detached
For Sale
$389,900
1147 Graydon Street #A B C, Savannah, GA 31404
Three-unit residential property with two larger apartments and a separate efficiency unit.
Property Size2,765 SF
Days on Market135
Property Features for 1147 Graydon Street #A B C
General Information
Standard status
Active
Size
2,765 SF
Property subtype
Multi Family Home
Zoning
R4, Multi Family
Units
Unit Mix
2 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
2,765 SF
Year Built
1920
Buildings
2
Stories
2
Units
3
Construction
brick
Listing Agency:
Keller Williams Coastal Area P
(912) 844-8772
Listed By:
Ben Barksdale · License #262950
(912) 844-8772
Source:
Woodwardrealestategroup
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 11 at 2:36PM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
Built in 1920, this brick triplex includes two apartments within the primary building and a detached efficiency apartment. Each main-building unit offers three bedrooms and two bathrooms, while the separate apartment provides one bedroom and one bathroom. The property is zoned R4, Multi Family, and includes three distinct residential units.
The property is located at 1147 Graydon Street in Savannah, Georgia 31404. Its configuration combines two similarly sized apartments with a smaller detached unit, providing a clearly defined multifamily layout.
The property is located at 1147 Graydon Street in Savannah, Georgia 31404. Its configuration combines two similarly sized apartments with a smaller detached unit, providing a clearly defined multifamily layout.
Key Highlights
- Three‑unit configuration with two main‑building apartments and one detached apartment
- Two primary units each include 3 bedrooms and 2 bathrooms
- Detached efficiency apartment offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,340
$586.3K
Cap Rate 7%
$418,814
$418.8K
Cap Rate 9%
$325,744
$325.7K
Market Conditions
NOI Build-Up for 2,765 SF
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.
Gross rent
$44.8K $16.20/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$41.9K $15.15/SF
− OpEx
−$12.6K −$4.54/SF
NOI
$29.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,340
Cap Rate 7%
$418,814
Cap Rate 9%
$325,744
Alternative Uses
Best Use
Multifamily LT 5
$418.8K
$366.5K – $488.6K
NOI $29,317 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 6.97%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,885 @ 7.0% cap · market cap 46.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with two larger apartments and a separate efficiency unit.
Where is this triplex located?
The property is located at 1147 Graydon Street #A B C Savannah, GA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three‑unit configuration with two main‑building apartments and one detached apartment; Two primary units each include 3 bedrooms and 2 bathrooms; Detached efficiency apartment offers 1 bedroom and 1 bathroom
