Listing Agency: Six Bricks LLC i***@sixbricksrealty.com Show Phone

Listed By: Chelsea Phillips · License #349197 Show Phone

Source: Exprealty

Added: Feb 5 Changed: Oct 10 Last Checked: Oct 16 at 3:11PM

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Investment Insights

Based on property information with market context.

This 5,460-square-foot quadplex contains four residential units with updated interiors and a mix of carpet and vinyl flooring. Each residence includes a washer and dryer. Units 3A and 3B convey furnished, providing two ready-to-use residences within the property. The building also includes eight off-street parking spaces.

The property is situated in Sylvan Terrace just off Bull Street, with access to Downtown, Derenne, area hospitals, and SCAD. Arcadia is next door, adding an established neighboring development to the immediate setting.

Key Highlights

• 5,460‑square‑foot quadplex with 4 residential units
• Washer and dryer included in every unit
• Units 3A and 3B convey furnished

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,892

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,157,840 $1.2M

Cap Rate 7%

$827,029 $827.0K

Cap Rate 9%

$643,244 $643.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,460 SF

Gross rent

$88.5K $16.20/SF

− Vacancy

−$5.7K −$1.05/SF

EGI

$82.7K $15.15/SF

− OpEx

−$24.8K −$4.54/SF

NOI

$57.9K $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%

$1,157,840

Cap Rate 7%

$827,029

Cap Rate 9%

$643,244

Alternative Uses

Best Use

Multifamily LT 5

$827.0K

$723.7K – $964.9K (±1% cap)

NOI $57,892 @ 7.0% cap · market cap 5.51%

Second Best

Apartment 5plus

$767.0K

$671.1K – $894.8K (±1% cap)

NOI $53,688 @ 7.0% cap · market cap 5.11%

Theoretical Best

Warehouse

$5.10M

$4.46M – $5.95M (±1% cap)

NOI $357,191 @ 7.0% cap · market cap 34.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store HVAC Service (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

997

Businesses Nearby

Explore this area Business Placement

Demographics for 31405, GA

38,069

Population

16,809

Households

2.3

Avg Household Size

36

Median Age

35%

College-Educated

90%

High-School Grad

31.2 sq mi

ZIP Area

1,220

Density / Sq Mi

$62,123

Median Household Income

$35,836

Median Earnings

$1,431

Median Rent

$304,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Updated four-unit property with in-unit laundry, furnished residences, and dedicated off-street parking.

Where is this quadplex located?

The property is located at 3 Berkley Pl Savannah, GA.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 5,460‑square‑foot quadplex with 4 residential units; Washer and dryer included in every unit; Units 3A and 3B convey furnished