Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Occupied Quadplex Title is generated by Realmo AI

    138 W 51st Street, Savannah, GA 31405

    View on Map
    Claim this Listing
    For Sale
    $935,000

    MULTI_FAMILY - Colonial - Savannah, GA

    Property size:
    4,000 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $233/SF
    Added:
    May 27, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 138 W 51st Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM25
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 4
    Parking features
    Parking Lot, Off Street
    Appliances
    Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
    Standard status
    Active
    APN
    2-0088-17-025
    Size
    4,000 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2018
    Tax Description
    LOTS 85 & 86 WRIGHT WARD
    Tax Annual Amount
    3082

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile, Hardwood
    Building materials
    Brick, Stucco
    Roof type
    Asphalt
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Victoria Williams Adcock

    Listing agent Victoria Williams Adcock License #412102

    Listing office Seaport Real Estate Group 7301 Waters Avenue, Savannah, GA

    Listing date May 27, 2026

    MLS# SA352315 Listing URL

    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.

    HighLights

    • Fully occupied multifamily with three 2BD/1BA units and one 1BD/1BA unit with long‑term tenants
    • C‑3 zoning provides additional flexibility for future redevelopment opportunities
    • Brick and stucco construction with asphalt roof; built in 1950
    • Heating includes electric and central; cooling includes electric and central air
    • Parking includes a parking lot and off‑street parking; public water and public sewer
    • Assumable existing VA loan with a 4% interest rate available, subject to lender approval and qualification

    Overview

    This fully occupied quadplex includes three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The listing notes long-term tenants already in place, supporting immediate occupancy at the time of sale. The property totals 4,000 square feet on a 0.145-acre lot.

    The property is located at 138 W 51st Street in Savannah, on the city’s West Side, just outside the Historic Street Car District. It’s positioned for convenient access to Midtown Savannah, with Montgomery Street noted as a key corridor, and Victory Drive provides quicker reach to Daffin Park. The remarks also reference nearby destinations and gathering spots including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co., as well as SCAD facilities and Byte Cafe across the street.

    According to the listing data, zoning is RM25, while the remarks also state C-3 zoning is available, which may offer additional flexibility for future redevelopment discussions. For buyers looking for financing options, the offering notes a potential assumable VA loan with a stated 4% interest rate, subject to lender approval and qualification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.108081
    Latitude
    32.047781

    Nearby Similar for Sale

    • $1,088,000
      2,729 SF

      Savannah Commercial Building in Streetcar District

      Freestanding commercial building in Savannah's vibrant Streetcar District.
      2506 Barnard Street, Savannah, GA 31401
      View Details
    • $650,000
      2,952 SF

      Commercial and Residential Package Opportunity

      Live-work property near Skidaway Road and Victory Drive intersection.
      2203 Skidaway Road, Savannah, GA 31404
      View Details
    • $3,200,000
      11,543 SF

      Savannah Retail Shopping Center For Sale

      Retail units in Savannah's Starland District with high foot traffic.
      302 W Victory Drive, Savannah, GA 31405
      View Details
    • $735,000
      5,266 SF

      Savannah Commercial Investment Opportunity

      Two commercially zoned parcels totaling 0.4361 acres in Savannah, GA.
      5204 Waters Avenue, Savannah, GA 31404
      View Details
    • $3,200,000
      11,439 SF

      Savannah Retail Investment Opportunity

      Prime retail units in Savannah's vibrant Starland District.
      302 W Victory Drive, Savannah, GA 31405
      View Details
    • $439,000
      1,925 SF

      Savannah Commercial Bungalow on Derenne

      Office-zoned bungalow with redevelopment potential near Habersham and Abercorn Streets.
      112 E Derenne Avenue, Savannah, GA 31405
      View Details
    • $1,325,000
      7,500 SF

      Savannah Commercial Building on Abercorn

      Two-story, 7,500 sq ft building on 0.43 acres.
      8890 Abercorn Street, Savannah, GA 31406
      View Details
    • $942,000
      1,200 SF

      Historic Savannah Cottage on Columbia Square

      Restored 19th-century cottage in Savannah's Landmark District.
      140 Habersham Street, Savannah, GA 31401
      View Details
    • $650,000
      2,952 SF

      Savannah Live-Work Commercial Opportunity

      Commercial building with residential cottage near high-traffic area.
      2203 Skidaway Road, Savannah, GA 31404
      View Details
    • $650,000
      2,952 SF

      Savannah Live-Work Commercial Opportunity

      Commercial building with residential cottage near high-traffic area.
      2203 Skidaway Road, Savannah, GA 31404
      View Details
    • $795,000
      6,000 SF

      Versatile Commercial Space on Skidaway

      6,000 sq ft commercial space in high-traffic Savannah location.
      3104 Skidaway Road, Savannah, GA 31404
      View Details
    • $650,000
      2,952 SF

      Savannah Mixed-Use Investment Opportunity

      Commercial building and residential cottage near high-traffic area.
      2203 Skidaway Road, Savannah, GA 31404
      View Details

    FAQs

    What type of property is this?
    Quadplex - Quadplex with three 2BR/1BA units and one 1BR/1BA unit, each with long-term tenants in place.
    Where is this quadplex located?
    The property is located at 138 W 51st Street Savannah, GA.
    What is the asking price?
    The asking price for this property is $935,000.
    What are key features of this property?
    This property features: Fully occupied multifamily with three 2BD/1BA units and one 1BD/1BA unit with long‑term tenants; C‑3 zoning provides additional flexibility for future redevelopment opportunities; Brick and stucco construction with asphalt roof; built in 1950
    (912) 481-8379
    We can help!
    Listing Contact
    Victoria Williams Adcock
    Real Estate License ID: 412102
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    138 W 51st Street, Savannah, GA 31405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!