Ranch-Style Residential Income
213 Chippewa Drive Savannah, GA 31406
MULTI_FAMILY - Ranch - Savannah, GA
Type:Single Family Residence
Property size:
2,072 SFLot size:
0.29 AcresPrice / SF:
$168/SF- Added:
- May 1, 2026
- Days on Market:
- 71
- Last Refresh:
- Jul 10 at 10:06 am
Property Features for 213 Chippewa Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4
- Appliances
- Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 2053101022
- Size
- 2,072 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 31 AND EAST 50 FEET OF LOT 30 CHIPPEWA TERRACE ANNEX
- Tax Annual Amount
- 4068
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Building materials
- Brick
- Architectural style
- Ranch
Listing agent Kadeem A. Simon License #434023 (912) 415-1520
Listing office eXp Realty LLC 1372 Peachtree Street NE, Atlanta, GA (888) 959-9461
Listing date May 1, 2026
MLS# SA356014
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.
Investment Insights
Based on property information with market context.
This for-sale ranch-style residential income property offers functional living space configured to support continued residential use, along with an additional income-producing structure currently associated with the site. The listing indicates existing income in place, making it suitable for an investor or owner-operator who wants to acquire a working residential asset. Buyer due diligence is required for zoning, licensing, permitted use, business operations, and the verification of income and expenses.
The property is located at 213 Chippewa Drive in Savannah, Georgia 31406, in Chatham County. Zoning is listed as R1. The lot size is approximately 0.29 acres, and the property size is listed at 2,072 square feet. Showings are by appointment only, and residents and staff should not be disturbed.
This offering may fit buyers looking for an owner-operator or investor strategy centered on maintaining and operating a residential asset with income already established. The seller notes potential paths for improved operations through the buyer’s management approach, but any intended repositioning must be validated through buyer-performed due diligence regarding permitted use and future plans. Financials and supporting documents may be available upon request for qualified buyers.
The property is located at 213 Chippewa Drive in Savannah, Georgia 31406, in Chatham County. Zoning is listed as R1. The lot size is approximately 0.29 acres, and the property size is listed at 2,072 square feet. Showings are by appointment only, and residents and staff should not be disturbed.
This offering may fit buyers looking for an owner-operator or investor strategy centered on maintaining and operating a residential asset with income already established. The seller notes potential paths for improved operations through the buyer’s management approach, but any intended repositioning must be validated through buyer-performed due diligence regarding permitted use and future plans. Financials and supporting documents may be available upon request for qualified buyers.
Key Highlights
- Brick ranch home built in 1958 with central heating and central air
- Public water and public sewer service
- Includes major appliances: dishwasher, range, refrigerator, washer, and electric water heater
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 | $39.5k | $19.08 |
| − Vacancy | −$2.5k | −$1.20 |
| EGI | $37.0k | $17.88 |
| − OpEx | −$16.7k | −$8.05 |
| NOI | $20.4k | $9.83 |
2,072 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,374 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.94M
$1.69M – $2.26M
NOI $135,549 @ 7.0% cap · market cap 38.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Ranch-style residential income property for sale in Savannah with existing rental operations and a second income-producing structure.
Where is this single family property located?
The property is located at 213 Chippewa Drive Savannah, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Brick ranch home built in 1958 with central heating and central air; Public water and public sewer service; Includes major appliances: dishwasher, range, refrigerator, washer, and electric water heater
