1703 Reynolds Street, Savannah, GA 31401
MULTI_FAMILY - Savannah, GA
- Added:
- Apr 16, 2026
- Days on Market:
- 81
- Last Refresh:
- Jul 5 at 7:06 pm
Property Features for 1703 Reynolds Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM25
- Bedrooms
- 11
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 11, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 10, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 9
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2005427010
- Size
- 3,408 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 36 THRU 39 & THE SOUTHERN PT OF LOT 35 SCHWARZ WD
- Tax Annual Amount
- 8955
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Building materials
- Frame
Listing agent David Thomas License #177638 (912) 272-3438
Listing office Doris Thomas Realty, Inc PO Box 15155, Swansboro, GA (912) 355-0294
Listing date Apr 16, 2026
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
- 5‑unit income‑producing property that is fully rented for immediate cash flow
- Fully renovated within the last 2 years with updates and repairs completed
- Large lot with room to add another building
- Electric HVAC with central air and electric baseboard heat
- Public water and public sewer service
- Frame construction; year built 1900
Overview
Located at 1703 Reynolds Street in Savannah, Georgia, the property is described as conveniently located close to downtown. The zoning is listed as RM25, which should be reviewed for permitted uses and development parameters.
For buyers seeking an already-rented multifamily asset, this property provides a straightforward unit mix in a renovated, easy-to-rent condition. The combination of current occupancy and a lot size that may support future expansion makes it a practical fit for owners looking to manage and grow a residential income portfolio within the constraints of RM25.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.0k | $19.08 |
| − Vacancy | −$4.1k | −$1.20 |
| EGI | $60.9k | $17.88 |
| − OpEx | −$27.4k | −$8.05 |
| NOI | $33.5k | $9.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.090802
- Latitude
- 32.057972
