Brick Triplex with Two
For Sale
$799,900
1323 E 48th Street, Savannah, GA 31404
Residential Income, Savannah, GA
Property Size3,009 SF
Lot Size0.14 Acres
Price / SF$265.84
Days on Market62
Property Features for 1323 E 48th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 7
Parking features
On Street, Off Street
Patio and Porch features
Porch
Fencing
Chain Link, Fenced
Appliances
Electric Water Heater, Dryer, Refrigerator, Washer
Subdivision
Pierpont Ward
Lot features
Alley, Corner Lot, City Lot, Garden
Directions
Washington toward Bee Road turn right on ASH on the corner of Ash and 48th
Standard status
Active
APN
2008510019
Size
3,009 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 214 & 215 PIERPONT WARD
Tax Annual Amount
2827
Legal Description
LOTS 214 & 215 PIERPONT WARD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s)
Water source
Public
Amenities
laundry room
fenced yard
covered porch
decorative fireplace
Building Details
Year built
1930
Floors in Building
1
Number of units
3
Building materials
Brick
Roof type
Asphalt, Composition
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Quintin Cowart · License #169219
(912) 667-5585
Added: Aug 17
Changed: Oct 14
Last Checked: Oct 17 at 11:06AM
MLS# SA362629
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 3009-square-foot triplex includes a primary residence and a detached rear building with two independent units. The main home offers three bedrooms, two bathrooms, hardwood floors, a living room with decorative fireplace, formal dining room, laundry room, central heating and air, and a floored attic. One bathroom has been renovated, and the residence includes a deep front porch and private fenced yard.
The rear structure contains two-bedroom, one-bath units, with the lower unit providing a covered porch, laundry room, and separate fenced yard. Built in 1930, the brick property occupies a 0.1446-acre corner lot at 1323 E 48th Street in Savannah. Additional features include covered off-street parking, public water, public sewer, electric heating, window unit cooling, and a composition/asphalt roof.
The rear structure contains two-bedroom, one-bath units, with the lower unit providing a covered porch, laundry room, and separate fenced yard. Built in 1930, the brick property occupies a 0.1446-acre corner lot at 1323 E 48th Street in Savannah. Additional features include covered off-street parking, public water, public sewer, electric heating, window unit cooling, and a composition/asphalt roof.
Key Highlights
- Three‑unit configuration across two separate buildings
- 3009 square feet on a 0.1446‑acre corner lot
- Main residence includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,904
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,080
$638.1K
Cap Rate 7%
$455,771
$455.8K
Cap Rate 9%
$354,489
$354.5K
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$48.7K $16.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$45.6K $15.15/SF
− OpEx
−$13.7K −$4.54/SF
NOI
$31.9K $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%
$638,080
Cap Rate 7%
$455,771
Cap Rate 9%
$354,489
Alternative Uses
Best Use
Multifamily LT 5
$455.8K
$398.8K – $531.7K
NOI $31,904 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$422.7K
$369.8K – $493.1K
NOI $29,587 @ 7.0% cap · market cap 3.70%
Theoretical Best
Warehouse
$2.81M
$2.46M – $3.28M
NOI $196,847 @ 7.0% cap · market cap 24.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with separate buildings, fenced outdoor areas, and off-street parking.
Where is this triplex located?
The property is located at 1323 E 48th Street Savannah, GA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit configuration across two separate buildings; 3009 square feet on a 0.1446‑acre corner lot; Main residence includes 3 bedrooms and 2 bathrooms
