Savannah Quadplex on Bull
3411 BULL ST Savannah, GA 31405
3411 BULL ST, Savannah, GA, 31405
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For Sale
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Well-maintained quadplex in desirable Ardsley Park location.
Property Size3,980 SF
Price / SF$263.57
Days on Market60
Property Features for 3411 BULL ST
General Information
- Standard status
- Active
- Size
- 3,980 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2000
Listing Agency
Engel & Volkers Savannah
Listed by
Shane Litts · License #375076
Source
Crexi
Added: May 19 Checked: Jul 16 at 10:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Savannah
Investment Insights
Based on property information with market context.
Located along Savannah’s Bull Street corridor in Ardsley Park, 3411 Bull Street is a well-maintained, all-brick quadplex. The property includes four units totaling approximately 3,980 square feet, situated on a corner lot with off-street parking. Three of the four units feature renovated kitchens with solid wood cabinetry, custom tile work, designer backsplashes, and in-unit washer and dryers. Each unit provides functional layouts with Jack-and-Jill bathrooms, spacious bedrooms, and walk-in closets. The property generates approximately $7,700 per month in gross rental income and offers potential for increased value. Given the quality of finishes and Midtown Savannah location, the property is suitable for executive or mid-term rental strategies. The property is near Ardsley Park, Habersham Village, Starland District, SCAD, and Downtown Savannah, and benefits from rental demand in one of Savannah’s residential investment corridors.
Key Highlights
- Located on highly desirable Bull Street corridor in Ardsley Park, Midtown Savannah.
- Well‑maintained all‑brick quadplex with off‑street parking.
- Three of four units feature extensively renovated kitchens with high‑end finishes and in‑unit washer/dryers.
Local 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 | $64.5k | $16.20 |
| − Vacancy | −$4.2k | −$1.05 |
| EGI | $60.3k | $15.15 |
| − OpEx | −$18.1k | −$4.54 |
| NOI | $42.2k | $10.60 |
3,980 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.9K
$527.5K – $703.3K
NOI $42,200 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$559.1K
$489.2K – $652.3K
NOI $39,135 @ 7.0% cap · market cap 3.73%
Theoretical Best
Warehouse
$3.72M
$3.25M – $4.34M
NOI $260,370 @ 7.0% cap · market cap 24.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex in desirable Ardsley Park location.
Where is this quadplex located?
The property is located at 3411 BULL ST Savannah, GA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Located on highly desirable Bull Street corridor in Ardsley Park, Midtown Savannah.; Well‑maintained all‑brick quadplex with off‑street parking.; **Three of four units feature extensively renovated kitchens with high‑end finishes and in‑unit washer/dryers.**
