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Savannah Turnkey Investment Opportunity

4124 4th Street Savannah, GA 31408

4124 4th Street, Savannah, GA, 31408
$247,900
For Sale
Claim this Listing
$247,900

MULTI_FAMILY - Bungalow - Savannah, GA

Property Size1,019 SF
Lot Size0.14 Acres
Price / SF$243.28
AddedMar 6
Days on Market131
Last RefreshJul 15 at 10:06 pm

Property Features for 4124 4th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fencing
Fenced, Chain Link
Appliances
Electric Water Heater, Oven, Range, Refrigerator
Standard status
Active
APN
6001906003
Size
1,019 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LT 4 BLK I DUNDEE WD
Tax Annual Amount
1226

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public

Building Details

Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Concrete
Architectural style
Bungalow

Listing agent Angel S. Thomas License #373217

Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA

Listing date Mar 6, 2026

MLS# SA350743 Listing URL

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 turnkey property presents an investment opportunity, featuring a 2-bed, 1-bath bungalow, a 1-bedroom efficiency, and a vacant lot, all sold as one. The charming 2-bed, 1-bath home is move-in ready, showcasing beautiful wood floors throughout, fresh paint, and new windows, along with other recent updates. The property includes a 1-bed, 1-bath efficiency located on the primary lot, suitable for various uses, including accommodating an elderly parent or generating extra cash flow. The expansive backyard complements the adjacent vacant lot, offering homeowners or investors possibilities for future development. Situated minutes from Downtown Savannah, in Garden City, the location provides convenient access to Pooler, Rincon, South Carolina, Georgia Ports, and Gulfstream. The property, zoned R2, spans 1019 square feet on a 0.14-acre lot. This property offers a great opportunity in a convenient location close to shopping, dining, and major routes.

Key Highlights

  • 1954 bungalow with wood flooring and ceiling fan(s)
  • Central heating and central air with electric (heating) and electric cooling
  • Includes appliances: oven, range, refrigerator, and electric water heater

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 $16.5k $16.20
− Vacancy −$1.1k −$1.05
EGI $15.4k $15.15
− OpEx −$4.6k −$4.54
NOI $10.8k $10.60
1,019 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$154.3K
$135.1K – $180.1K (±1% cap)
NOI $10,804 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$143.1K
$125.3K – $167.0K (±1% cap)
NOI $10,020 @ 7.0% cap · market cap 4.04%
Theoretical Best
Warehouse
$952.3K
$833.3K – $1.11M (±1% cap)
NOI $66,663 @ 7.0% cap · market cap 26.89%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Plumbing Service Locksmith Parking Lot & Garage Catering Service Daycare Center Computer & Electronic Repair Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Charming bungalow with efficiency unit and vacant lot near downtown.
Where is this duplex located?
The property is located at 4124 4th Street Savannah, GA.
What is the asking price?
The asking price for this property is $247,900.
What are key features of this property?
This property features: 1954 bungalow with wood flooring and ceiling fan(s); Central heating and central air with electric (heating) and electric cooling; Includes appliances: oven, range, refrigerator, and electric water heater
Contact an agent
More about this property
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