Four-Unit Property with
For Sale
$850,000
2310 Whitaker Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size3,408 SF
Lot Size0.07 Acres
Price / SF$249.41
Days on Market55
Property Features for 2310 Whitaker Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RIP
Zoning description
Multi Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 8
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Pull Down Attic Stairs, Fireplace
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Microwave, Oven, Refrigerator
Lot features
Alley, Greenbelt, Interior Lot, Level, Wooded
Directions
Whitaker Street, between 39th and 40th Streets near Starland Yard
Standard status
Active
APN
2-0065-40-009
Size
3,408 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
LOT 64 SOLOMONS WARD
Legal Description
LOT 64 SOLOMONS WARD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1900
Floors in Building
2
Number of units
1
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
LPT Realty LLC
(877) 366-2213
Listed By:
Benjamin Sawyer · License #442604
(501) 580-1503
Added: Jul 8
Changed: Aug 22
Last Checked: Aug 31 at 7:06PM
MLS# SA359832
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 four-unit residential income property contains 3,408 square feet on a 0.07-acre lot and was built in 1900. The unit mix includes one three-bedroom unit, two two-bedroom units, and one one-bedroom unit, with one bathroom in each. Two front units are vacant, while the two rear units are occupied. Covered front porches serve the lower units, and the upper units have private balconies. The property also includes fenced front and rear areas, one rear parking space, hardwood flooring, wood siding, central air, electric heating, and a fireplace.
Located at 2310 Whitaker Street in Savannah's Starland District, the property is near Starland Yard, Two Tides Brewing Co., Graveface Records & Curiosities, restaurants, coffee shops, galleries, and other local businesses. Public water and sewer serve the property, which is zoned RIP.
Located at 2310 Whitaker Street in Savannah's Starland District, the property is near Starland Yard, Two Tides Brewing Co., Graveface Records & Curiosities, restaurants, coffee shops, galleries, and other local businesses. Public water and sewer serve the property, which is zoned RIP.
Key Highlights
- Four‑unit property with 3,408 square feet on 0.07 acres
- Unit mix: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit
- Two vacant front units and two occupied rear units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,135
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,700
$722.7K
Cap Rate 7%
$516,214
$516.2K
Cap Rate 9%
$401,500
$401.5K
Market Conditions
NOI Build-Up for 3,408 SF
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.
Gross rent
$55.2K $16.20/SF
− Vacancy
−$3.6K −$1.05/SF
EGI
$51.6K $15.15/SF
− OpEx
−$15.5K −$4.54/SF
NOI
$36.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,700
Cap Rate 7%
$516,214
Cap Rate 9%
$401,500
Alternative Uses
Best Use
Multifamily LT 5
$516.2K
$451.7K – $602.3K
NOI $36,135 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$3.18M
$2.79M – $3.72M
NOI $222,950 @ 7.0% cap · market cap 26.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two occupied and two vacant units provide a mixed-occupancy residential income configuration.
Where is this quadplex located?
The property is located at 2310 Whitaker Street Savannah, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit property with 3,408 square feet on 0.07 acres; Unit mix: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit; Two vacant front units and two occupied rear units
