Brick Triplex With Separate
For Sale
$799,900
1323 E 48th Street, Savannah, GA 31404
Savannah, GA
Property Size3,009 SF
Price / SF$265.84
Days on Market62
Property Features for 1323 E 48th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 7
Subdivision
Pierpont Ward
Standard status
Active
Size
3,009 SF
Amenities
porch
hardwood floors
decorative fireplace
formal dining room
laundry room
fenced yard
covered parking
Building Details
Year built
1930
Listing Agency:
Engel & Volkers Savannah · Engel & Völkers
(912) 238-0874
Listed By:
Quintin Cowart · License #169219
(912) 667-5585
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 17 at 11:06AM
MLS# SA362629
Copyright © 2026 Engel & Völkers. 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.
Built in 1930, this 3,009-square-foot brick triplex is arranged across two separate buildings on a corner lot. The primary residence offers three bedrooms and two bathrooms, hardwood flooring, a living room with a decorative fireplace, formal dining space, a renovated bathroom, laundry facilities, central heating and air, and a floored attic. A private fenced yard and deep front porch add usable outdoor space.
The rear structure contains two independent two-bedroom, one-bath units. One unit includes a covered porch, laundry room, and its own fenced yard. Covered off-street parking serves the property. The property is one block from Daffin Park’s recreation paths, pool, and sports fields, with Grayson Stadium, Whole Foods, local hospitals, and historic downtown Savannah nearby.
The rear structure contains two independent two-bedroom, one-bath units. One unit includes a covered porch, laundry room, and its own fenced yard. Covered off-street parking serves the property. The property is one block from Daffin Park’s recreation paths, pool, and sports fields, with Grayson Stadium, Whole Foods, local hospitals, and historic downtown Savannah nearby.
Key Highlights
- 3,009‑square‑foot triplex on a corner lot
- Two separate buildings with three independent residential units
- Primary 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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Property Analytics
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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 - Two buildings provide three residential units with private outdoor areas, laundry facilities, and covered 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: 3,009‑square‑foot triplex on a corner lot; Two separate buildings with three independent residential units; Primary residence includes 3 bedrooms and 2 bathrooms
