Brick Quadplex with Off-Street
For Sale
$850,000
3801 Habersham Street, Savannah, GA 31405
Residential Income, Savannah, GA
Property Size2,912 SF
Lot Size0.11 Acres
Price / SF$291.90
Days on Market30
Property Features for 3801 Habersham Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R6
Zoning description
Multi Family
Bedrooms
1
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1
Parking features
Off Street
Appliances
Electric Water Heater, Refrigerator
Lot features
Alley, Corner Lot, City Lot
Directions
Habersham to 54th Street on the corner
Standard status
Active
APN
2009411001
Size
2,912 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 53 AND EAST 15 FEET LOT 54 BRYAN WARD
Tax Annual Amount
4133
Legal Description
LOT 53 AND EAST 15 FEET LOT 54 BRYAN WARD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Electric
Water source
Public
Building Details
Year built
1954
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Quintin Cowart · License #169219
(912) 667-5585
Added: Aug 13
Changed: Sep 10
Last Checked: Sep 11 at 7:06PM
MLS# SA362631
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.
Investment Insights
Based on property information with market context.
This brick quadplex contains 2,912 square feet and offers a four-unit residential configuration in Savannah. Interior features described for the units include hardwood flooring, generous living areas, kitchens with substantial counter space, bedrooms with walk-in closets, and tiled bathrooms with soaking tubs. Electric heating, window-unit cooling, refrigerators, and an electric water heater are included among the reported property features.
The property is located at 3801 Habersham Street in Savannah’s Ardsley Park area, with Habersham Village approximately a 10-minute walk away. The nearby village includes a grocery store, pharmacy, dry cleaners, and restaurants. Downtown Savannah, hospitals, universities, and shopping centers are also identified as accessible from the property. Additional site details include 0.108 acres, R6 zoning, off-street parking, public water, and public sewer.
The property is located at 3801 Habersham Street in Savannah’s Ardsley Park area, with Habersham Village approximately a 10-minute walk away. The nearby village includes a grocery store, pharmacy, dry cleaners, and restaurants. Downtown Savannah, hospitals, universities, and shopping centers are also identified as accessible from the property. Additional site details include 0.108 acres, R6 zoning, off-street parking, public water, and public sewer.
Key Highlights
- Quadplex with 2,912 square feet of property area
- Brick construction on a 0.108‑acre lot
- R6 zoning with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$617,520
$617.5K
Cap Rate 7%
$441,086
$441.1K
Cap Rate 9%
$343,067
$343.1K
Market Conditions
NOI Build-Up for 2,912 SF
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.
Gross rent
$47.2K $16.20/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$44.1K $15.15/SF
− OpEx
−$13.2K −$4.54/SF
NOI
$30.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$617,520
Cap Rate 7%
$441,086
Cap Rate 9%
$343,067
Alternative Uses
Best Use
Multifamily LT 5
$441.1K
$386.0K – $514.6K
NOI $30,876 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$409.0K
$357.9K – $477.2K
NOI $28,633 @ 7.0% cap · market cap 3.37%
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?
Quadplex - R6-zoned multifamily property with brick construction, public utilities, and resident off-street parking.
Where is this quadplex located?
The property is located at 3801 Habersham Street 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: Quadplex with 2,912 square feet of property area; Brick construction on a 0.108‑acre lot; R6 zoning with public water and public sewer
