Brick Multifamily
For Sale
$850,000
3801 Habersham St, Savannah, GA 31405
Multi-unit layout with hardwood floors, walk-in closets, and off-street resident parking.
Property Size2,912 SF
Price / SF$291.90
Days on Market30
Property Features for 3801 Habersham St
General Information
Standard status
Active
Size
2,912 SF
Property subtype
Multi-Family
Building Details
Year Built
1954
Listing Agency:
Engel & Volkers
Listed By:
Quintin Cowart · License #169219
(912) 667-5585
Source:
Bradberrygarnerrealestate
Added: Sep 11
Changed: Sep 13
Last Checked: Oct 7 at 2:07PM
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
Investment Insights
Based on property information with market context.
Built in 1954, this 2,912-square-foot multifamily property at 3801 Habersham St features a Savannah Grey Brick exterior and preserved period details. The units include hardwood flooring, generous living areas, kitchens with substantial counter space, bright bedrooms, and oversized walk-in closets. Post-war tiled bathrooms are finished with large soaking tubs.
Residents have access to off-street parking, with additional open street parking available for guests. The property is positioned in Ardsley Park, approximately a 10-minute walk from Habersham Village, where grocery, pharmacy, dry-cleaning, and restaurant services are available. Its Savannah setting also provides access to downtown, hospitals, universities, and shopping centers.
Residents have access to off-street parking, with additional open street parking available for guests. The property is positioned in Ardsley Park, approximately a 10-minute walk from Habersham Village, where grocery, pharmacy, dry-cleaning, and restaurant services are available. Its Savannah setting also provides access to downtown, hospitals, universities, and shopping centers.
Key Highlights
- 2,912‑square‑foot multifamily property at 3801 Habersham St
- Savannah Grey Brick exterior with preserved architectural details
- Hardwood flooring and spacious living areas throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,633
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,660
$572.7K
Cap Rate 7%
$409,043
$409.0K
Cap Rate 9%
$318,144
$318.1K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$55.6K $19.08/SF
− Vacancy
−$3.5K −$1.20/SF
EGI
$52.1K $17.88/SF
− OpEx
−$23.4K −$8.05/SF
NOI
$28.6K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,660
Cap Rate 7%
$409,043
Cap Rate 9%
$318,144
Alternative Uses
Best Use
Apartment 5plus
$409.0K
$357.9K – $477.2K
NOI $28,633 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.72M
$2.38M – $3.18M
NOI $190,502 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
559
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-unit layout with hardwood floors, walk-in closets, and off-street resident parking.
Where is this multifamily property located?
The property is located at 3801 Habersham St Savannah, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,912‑square‑foot multifamily property at 3801 Habersham St; Savannah Grey Brick exterior with preserved architectural details; Hardwood flooring and spacious living areas throughout the units
