Four-Unit Quadplex with
For Sale
$995,000
Pending
309 W 41st Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size5,358 SF
Lot Size0.19 Acres
Days on Market200
Property Features for 309 W 41st Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RIP
Bedrooms
16
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 9, Bedroom 15, Bedroom 13, Bedroom 3, Bedroom 8, Bedroom 16, Bedroom 6, Bathroom 2, Bedroom 12, Bedroom 1, Bedroom 11, Bathroom 1, Bedroom 14, Bedroom 7, Bedroom 10, Bedroom 5
Parking features
Parking Lot, Off Street
Interior features
Pull Down Attic Stairs
Appliances
Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Subdivision
Lovell
Lot features
City Lot
Directions
Big blue quad near the cornet of W 41st and Montgomery Street.
Standard status
Pending
APN
2007330002
Size
5,358 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 62 AND WEST 30 FEET OF LOT 61 LOVELL WARD
Tax Annual Amount
6931
Legal Description
LOT 62 AND WEST 30 FEET OF LOT 61 LOVELL WARD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
off-street parking lot
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Vinyl
Building materials
Wood Siding
Listing Agency:
Bare Real Estate
(912) 712-6606
Listed By:
Daniel Worsley · License #357843
(912) 308-9806
Added: Apr 1
Changed: Oct 10
Last Checked: Oct 17 at 7:06AM
MLS# SA352132
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex contains four residential units totaling approximately 5,358 square feet. Each unit is configured with four bedrooms and one bathroom, creating substantial shared-living layouts suited to student housing, roommate arrangements, or workforce housing. The property was built in 1910 and includes hardwood and vinyl flooring, central electric heating and cooling, public water, and public sewer service. Appliances include ranges, ovens, refrigerators, dishwashers, microwaves, washers, and dryers.
Off-street parking is provided through a parking lot, including a separate .07-acre lot identified in the property information. The address is in Savannah’s Starland District, with stated proximity to SCAD, downtown, dining, retail, and entertainment. The property also carries a 0.186-acre lot size and has a history of rental occupancy.
Off-street parking is provided through a parking lot, including a separate .07-acre lot identified in the property information. The address is in Savannah’s Starland District, with stated proximity to SCAD, downtown, dining, retail, and entertainment. The property also carries a 0.186-acre lot size and has a history of rental occupancy.
Key Highlights
- Four units, each with 4 bedrooms and 1 bathroom
- Approximately 5,358 square feet across the quadplex
- 0.186‑acre lot with an identified .07‑acre off‑street parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,810
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,200
$1.1M
Cap Rate 7%
$811,571
$811.6K
Cap Rate 9%
$631,222
$631.2K
Market Conditions
NOI Build-Up for 5,358 SF
Gross rent
$86.8K $16.20/SF
− Vacancy
−$5.6K −$1.05/SF
EGI
$81.2K $15.15/SF
− OpEx
−$24.3K −$4.54/SF
NOI
$56.8K $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%
$1,136,200
Cap Rate 7%
$811,571
Cap Rate 9%
$631,222
Alternative Uses
Best Use
Multifamily LT 5
$811.6K
$710.1K – $946.8K
NOI $56,810 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$752.6K
$658.6K – $878.1K
NOI $52,685 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$5.01M
$4.38M – $5.84M
NOI $350,518 @ 7.0% cap · market cap 35.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,465
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Large four-bedroom units with off-street parking and central HVAC support multiple residential occupancy models.
Where is this quadplex located?
The property is located at 309 W 41st Street Savannah, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four units, each with 4 bedrooms and 1 bathroom; Approximately 5,358 square feet across the quadplex; 0.186‑acre lot with an identified .07‑acre off‑street parking lot
