Brick Quadplex with Off-Street
New
For Sale
$850,000
3801 Habersham Street, Savannah, GA 31405
Savannah, GA
Property Size2,912 SF
Price / SF$291.90
Days on Market2
Property Features for 3801 Habersham Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Standard status
Active
Size
2,912 SF
Building Details
Year built
1954
Listing Agency:
Engel & Volkers Savannah · Engel & Völkers
(912) 238-0874
Listed By:
Quintin Cowart · License #169219
(912) 667-5585
Added: Sep 10
Last Checked: Sep 11 at 7:06PM
MLS# SA362631
Copyright © 2026 Engel & Völkers. 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 2,912-square-foot quadplex at 3801 Habersham Street features a Savannah Grey Brick exterior and four residential units with abundant natural light. Interior details include original hardwood flooring, generous living areas, kitchens with ample counter space, oversized walk-in closets, and post-war tiled bathrooms with soaking tubs. The property retains architectural character associated with its mid-century construction while offering practical residential layouts.
Located in Ardsley Park, the property is approximately a 10-minute walk from Habersham Village, where residents can access a grocery store, pharmacy, dry cleaners, and local restaurants. Downtown Savannah, hospitals, universities, and shopping centers are also identified as accessible from the property. Resident off-street parking is available, with additional open street parking for guests.
Located in Ardsley Park, the property is approximately a 10-minute walk from Habersham Village, where residents can access a grocery store, pharmacy, dry cleaners, and local restaurants. Downtown Savannah, hospitals, universities, and shopping centers are also identified as accessible from the property. Resident off-street parking is available, with additional open street parking for guests.
Key Highlights
- 2,912‑square‑foot quadplex at 3801 Habersham Street
- Savannah Grey Brick exterior with original hardwood flooring
- Four residential units with spacious living areas and natural light
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with hardwood floors, spacious living areas, and walkable access to neighborhood services.
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: 2,912‑square‑foot quadplex at 3801 Habersham Street; Savannah Grey Brick exterior with original hardwood flooring; Four residential units with spacious living areas and natural light
