Savannah Tri-Plex Investment
246 248 & 250 Ferrill Street Savannah, GA 31415
For Sale
$269,000
Pending
MULTI_FAMILY - Savannah, GA
Property Size1,403 SF
Lot Size0.11 Acres
Days on Market195
Property Features for 246 248 & 250 Ferrill Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
On Street
Appliances
Electric Water Heater
Standard status
Pending
APN
2001916029
Size
1,403 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
LTS A & B OR 25 ROACH SUB MITCHELL WD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wall Furnace
Cooling system
Window Unit(s), Electric
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
3
Building materials
Vinyl Siding, Wood Siding
Listing Agency:
Keller Williams Coastal Area P
(912) 356-5001
Listed By:
Mark Gugliuzza · License #343352
(912) 604-0203
Added: Jan 16
Changed: Jul 18
Last Checked: Jul 30 at 6:06AM
MLS# SA344769
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 is a turnkey, fully occupied tri-plex investment property located near the new Enmarket Arena in Savannah, GA. The low-maintenance, one-story building features three individual one-bedroom, one-bathroom units. It has an excellent rental history of $2,700.00 per month, with potential for more. The property benefits from low taxes and minimal management requirements. A management company is interested in continuing service with a new investor, if desired. The owners have made improvements and maintained the building. The property size is 1403 square feet and the lot size is 0.1148 acres. The units have similar floor plans.
Key Highlights
- Three 1BD/1BA units in a one‑story tri‑plex
- Fully occupied; public remarks report rental history of $2,700/month with potential for more
- Appliances include electric water heater
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 | $22.7k | $16.20 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $21.3k | $15.15 |
| − OpEx | −$6.4k | −$4.54 |
| NOI | $14.9k | $10.60 |
1,403 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.5K
$186.0K – $247.9K
NOI $14,876 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$197.1K
$172.5K – $229.9K
NOI $13,796 @ 7.0% cap · market cap 5.13%
Theoretical Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,784 @ 7.0% cap · market cap 34.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Turnkey, fully occupied tri-plex near Enmarket Arena in Savannah, GA.
Where is this triplex located?
The property is located at 246 248 & 250 Ferrill Street Savannah, GA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three 1BD/1BA units in a one‑story tri‑plex; Fully occupied; public remarks report rental history of $2,700/month with potential for more; Appliances include electric water heater
