2304 Reynolds Street Savannah, GA 31401
MULTI_FAMILY - Other - Savannah, GA
Property Features for 2304 Reynolds Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1
- Parking features
- Off Street, On Street
- Patio and Porch features
- Deck, Porch
- Interior features
- Ceiling Fan(s)
- Exterior features
- Deck
- Fencing
- Chain Link, Fenced
- Appliances
- Dryer, Dishwasher, Electric Water Heater, Oven, Range, Washer, Refrigerator
- Standard status
- Active Under Contract
- APN
- 2007507002
- Size
- 2,444 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S PT OF LTS 1 THRU 3 BLK 18 GARRARD WD
- Tax Annual Amount
- 3235
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Architectural style
- Other
Listing agent A. Lindsey Adams License #288930 (912) 313-9756
Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA (912) 356-5001
Listing date Jun 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.
Investment Insights
Based on property information with market context.
Located at 2304 Reynolds Street in Savannah, Georgia 31401, the property sits on a 0.078-acre lot and is zoned R4. The reported total building size is 2,444 square feet.
For tenants or buyers seeking a duplex layout, both units are configured as full 4-bedroom residences, which can simplify leasing strategies. The upstairs unit’s current tenants renewed their lease for another year at $2,200 per month, and the downstairs unit is expected to bring the combined rent to about $4,750 per month. This arrangement supports an owner’s ability to live in one unit while renting the other, depending on personal preference and leasing timing.
Key Highlights
- Duplex built in 1920 with two 4‑bedroom, 1‑bath units
- Upstairs unit has a renewed lease for another year at $2,200/month (tenants renewed from last year)
- Downstairs unit is freshly renovated, including a brand new bathroom
Local Financial Insights For Multifamily LT 5
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 | $39.6k | $16.20 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $37.0k | $15.15 |
| − OpEx | −$11.1k | −$4.54 |
| NOI | $25.9k | $10.60 |
