Victorian Triplex with Original
21 W 36th St, Savannah, GA 31401
For Sale
New
$1,150,000
Three apartments provide an eight-bedroom, five-bathroom residential configuration.
Property Size3,746 SF
Price / SF$306.99
Days on Market2
Property Features for 21 W 36th St
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Seaport Real Estate Group
Listed By:
Jane G. Kemp · License #425943
(770) 756-5915
Source:
Thehomesourcegroupga
Added: Nov 6
Last Checked: Aug 25 at 5:39AM
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 Seaport Real Estate Group
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Investment Insights
Based on property information with market context.
This 3,746-square-foot Victorian-style triplex contains three apartments: a four-bedroom, two-bath unit upstairs, a three-bedroom, two-bath unit on the main floor, and a one-bedroom, one-bath unit. Original hardwood floors, nine fireplaces, tall ceilings, and pocket doors remain among the building’s interior features.
The property occupies a corner lot in Savannah’s Thomas Square neighborhood, with off-street parking. TN-2 zoning is identified for the site. Nearby points of interest named in the property information include the Gingerbread House, Bull Street Library, Arnold Hall, and Foxy Loxy.
The property occupies a corner lot in Savannah’s Thomas Square neighborhood, with off-street parking. TN-2 zoning is identified for the site. Nearby points of interest named in the property information include the Gingerbread House, Bull Street Library, Arnold Hall, and Foxy Loxy.
Key Highlights
- Three‑unit building with 3,746 square feet
- Apartment mix: 4 bed/2 bath, 3 bed/2 bath, and 1 bed/1 bath
- Nine fireplaces, hardwood floors, high ceilings, and pocket doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,718
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,360
$794.4K
Cap Rate 7%
$567,400
$567.4K
Cap Rate 9%
$441,311
$441.3K
Market Conditions
NOI Build-Up for 3,746 SF
Gross rent
$60.7K $16.20/SF
− Vacancy
−$3.9K −$1.05/SF
EGI
$56.7K $15.15/SF
− OpEx
−$17.0K −$4.54/SF
NOI
$39.7K $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%
$794,360
Cap Rate 7%
$567,400
Cap Rate 9%
$441,311
Alternative Uses
Best Use
Multifamily LT 5
$567.4K
$496.5K – $662.0K
NOI $39,718 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$526.2K
$460.4K – $613.9K
NOI $36,834 @ 7.0% cap · market cap 3.20%
Theoretical Best
Warehouse
$3.50M
$3.06M – $4.08M
NOI $245,062 @ 7.0% cap · market cap 21.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,683
Businesses Nearby
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Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Savannah, GA
Properties on Market for Triplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments provide an eight-bedroom, five-bathroom residential configuration.
Where is this triplex located?
The property is located at 21 W 36th St Savannah, GA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑unit building with 3,746 square feet; Apartment mix: 4 bed/2 bath, 3 bed/2 bath, and 1 bed/1 bath; Nine fireplaces, hardwood floors, high ceilings, and pocket doors
