Historic Triplex with Double
308 E Waldburg Street, Savannah, GA 31401
For Sale
$795,000
Under Contract
Residential Income, Savannah, GA
Property Size3,656 SF
Lot Size0.11 Acres
Price / SF$217.45
Days on Market58
Property Features for 308 E Waldburg Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Taavo Roos · License GA #382783
(912) 429-6729
Added: Sep 17
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# SA364808
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.
Built in 1900, this 3,656-square-foot triplex contains three residences: a four-bedroom, two-bath unit, a two-bedroom, one-bath unit, and a one-bedroom, one-bath unit. Interior details include wood flooring, decorative fireplaces, high ceilings, and a clawfoot tub. Double front porches add to the building’s historic character. Central heating and air conditioning serve the property, which has public water and sewer connections. The building is offered as is.
The 0.114-acre property is in Savannah’s Victorian District, with Forsyth Park, the Starland District, and Downtown Savannah described as minutes away. Three off-street parking spaces are on site.
The 0.114-acre property is in Savannah’s Victorian District, with Forsyth Park, the Starland District, and Downtown Savannah described as minutes away. Three off-street parking spaces are on site.
Key Highlights
- Three residences: 4‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath
- 3,656‑square‑foot triplex built in 1900
- 0.114‑acre lot with three off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,764
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,280
$775.3K
Cap Rate 7%
$553,771
$553.8K
Cap Rate 9%
$430,711
$430.7K
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$59.2K $16.20/SF
− Vacancy
−$3.8K −$1.05/SF
EGI
$55.4K $15.15/SF
− OpEx
−$16.6K −$4.54/SF
NOI
$38.8K $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%
$775,280
Cap Rate 7%
$553,771
Cap Rate 9%
$430,711
Alternative Uses
Best Use
Multifamily LT 5
$553.8K
$484.6K – $646.1K
NOI $38,764 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$513.6K
$449.4K – $599.2K
NOI $35,949 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$987.1K
$863.7K – $1.15M
NOI $69,098 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,849
Businesses Nearby
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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
$477,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Savannah, GA
Properties on Market for Triplexes in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - RM40-zoned Savannah property combines three residences with dedicated off-street parking.
Where is this triplex located?
The property is located at 308 E Waldburg Street Savannah, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three residences: 4‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath; 3,656‑square‑foot triplex built in 1900; 0.114‑acre lot with three off‑street parking spaces
