4-Unit Brick
New
For Sale
$1,000,000
3 Berkley Place, Savannah, GA 31405
Residential Income, Savannah, GA
Property Size5,460 SF
Lot Size0.22 Acres
Price / SF$183.15
Days on Market2
Property Features for 3 Berkley Place
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Half bathrooms
6
Rooms
Bedroom 7, Bedroom 3, Bedroom 5, Bathroom 8, Bathroom 7, Bedroom 6, Bathroom 3, Bathroom 10, Bedroom 9, Bathroom 1, Bathroom 2, Bathroom 9, Bedroom 10, Bedroom 8, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 6
Interior features
Pull Down Attic Stairs
Appliances
Electric Water Heater
Subdivision
Sylvan Terrace
Lot features
Alley, City Lot
Directions
From Derenne Ave, head north on Bull Street to Berkley Place.
Standard status
Active
APN
20012 11009
Size
5,460 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lot 250 Groover Ward
Legal Description
Lot 250 Groover Ward
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1968
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Brick
Roof type
Asphalt, Composition
Architectural style
Other
Listing Agency:
Savannah Home Realty
Listed By:
David W. Wessel · License #293276
(912) 655-5827
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 29 at 11:06AM
MLS# SA364989
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.
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Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 5,460 square feet across townhouse-style residences on a 0.22-acre parcel. The brick building was constructed in 1968 and has vinyl flooring, central electric heating and cooling, and an asphalt composition roof. Public water and sewer serve the property.
Three units are currently rented. The fourth is a three-bedroom residence. The property is in Savannah, Georgia, and the unit configuration allows for separate rental arrangements.
Three units are currently rented. The fourth is a three-bedroom residence. The property is in Savannah, Georgia, and the unit configuration allows for separate rental arrangements.
Key Highlights
- Four townhouse‑style units totaling 5,460 square feet
- Three units currently rented; the remaining residence has three bedrooms
- 0.22‑acre parcel in Savannah, Georgia
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,892
Cap Rate
5.79%
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
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
NOI $57,892 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$767.0K
$671.1K – $894.8K
NOI $53,688 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$5.10M
$4.46M – $5.95M
NOI $357,191 @ 7.0% cap · market cap 35.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four townhouse-style residences support separate rental arrangements, with three currently occupied.
Where is this quadplex located?
The property is located at 3 Berkley Place Savannah, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four townhouse‑style units totaling 5,460 square feet; Three units currently rented; the remaining residence has three bedrooms; 0.22‑acre parcel in Savannah, Georgia
