Savannah Turnkey Investment
4124 4th Street Savannah, GA 31408
4124 4th Street, Savannah, GA, 31408
$247,900
For Sale
$247,900
MULTI_FAMILY - Bungalow - Savannah, GA
Property Size1,019 SF
Lot Size0.14 Acres
Price / SF$243.28
Days on Market139
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 agency
Keller Williams Coastal Area P
(912) 356-5001
Listed by
Angel S. Thomas · License #373217
(912) 704-1053
Added: Mar 6 Updated: Jul 9 at 7:54AM Checked: Jul 23 at 12:06AM
MLS# SA350743
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
NOI $10,804 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$143.1K
$125.3K – $167.0K
NOI $10,020 @ 7.0% cap · market cap 4.04%
Theoretical Best
Warehouse
$952.3K
$833.3K – $1.11M
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
Similar For Sale Nearby
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
