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Approved 75-Unit Multifamily Development
For Sale
$2,100,000

5011 Garrard Avenue, Savannah, GA 31405

Residential Income, Savannah, GA

Property Size69,783 SF
Lot Size1.51 Acres
Price / SF$30.09
Days on Market640

Property Features for 5011 Garrard Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning R1
Bedrooms 93
Bathrooms 103
Full bathrooms 89
Half bathrooms 14
Rooms Bathroom 60, Bedroom 22, Bedroom 68, Bathroom 42, Bedroom 42, Bedroom 51, Bathroom 91, Bedroom 2, Bedroom 91, Bathroom 23, Bathroom 98, Bedroom 8, Bedroom 13, Bathroom 32, Bedroom 10, Bathroom 61, Bedroom 36, Bedroom 55, Bathroom 18, Bathroom 52, Bathroom 101, Bathroom 88, Bathroom 9, Bedroom 9, Bathroom 10, Bedroom 59, Bathroom 22, Bathroom 20, Bedroom 86, Bedroom 92, Bathroom 83, Bedroom 6, Bathroom 95, Bedroom 83, Bathroom 24, Bedroom 14, Bathroom 78, Bathroom 25, Bathroom 96, Bathroom 89, Bedroom 61, Bedroom 78, Bathroom 45, Bedroom 46, Bedroom 33, Bathroom 39, Bathroom 99, Bathroom 16, Bathroom 1, Bathroom 36, Bedroom 87, Bathroom 37, Bathroom 51, Bedroom 53, Bedroom 49, Bathroom 13, Bathroom 28, Bedroom 60, Bathroom 73, Bathroom 76, Bedroom 80, Bedroom 23, Bathroom 14, Bathroom 71, Bedroom 56, Bedroom 48, Bathroom 2, Bathroom 58, Bedroom 28, Bedroom 44, Bathroom 6, Bathroom 17, Bathroom 29, Bathroom 70, Bedroom 52, Bathroom 69, Bedroom 72, Bedroom 79, Bedroom 39, Bedroom 74, Bathroom 80, Bedroom 57, Bathroom 35, Bedroom 27, Bathroom 74, Bedroom 43, Bathroom 46, Bedroom 62, Bathroom 30, Bathroom 75, Bathroom 4, Bedroom 75, Bedroom 47, Bedroom 16, Bathroom 79, Bathroom 85, Bedroom 20, Bathroom 86, Bathroom 54, Bedroom 88, Bathroom 87, Bedroom 3, Bathroom 31, Bedroom 7, Bathroom 47, Bedroom 40, Bathroom 50, Bathroom 64, Bedroom 34, Bathroom 5, Bathroom 43, Bedroom 66, Bedroom 82, Bathroom 72, Bathroom 68, Bedroom 30, Bedroom 26, Bedroom 5, Bedroom 4, Bathroom 21, Bathroom 27, Bedroom 11, Bathroom 77, Bathroom 34, Bedroom 77, Bathroom 93, Bathroom 102, Bedroom 15, Bathroom 53, Bathroom 48, Bathroom 19, Bedroom 31, Bedroom 65, Bathroom 33, Bathroom 63, Bathroom 100, Bedroom 81, Bedroom 17, Bedroom 29, Bedroom 21, Bathroom 49, Bedroom 41, Bathroom 8, Bathroom 38, Bedroom 76, Bathroom 92, Bathroom 97, Bathroom 12, Bedroom 71, Bedroom 84, Bathroom 40, Bedroom 24, Bedroom 58, Bedroom 19, Bedroom 73, Bedroom 45, Bathroom 103, Bedroom 32, Bathroom 66, Bedroom 85, Bathroom 81, Bathroom 62, Bedroom 63, Bedroom 12, Bedroom 18, Bathroom 90, Bathroom 84, Bathroom 26, Bathroom 55, Bathroom 94, Bedroom 69, Bathroom 3, Bedroom 37, Bathroom 15, Bathroom 56, Bedroom 64, Bedroom 70, Bedroom 25, Bathroom 59, Bedroom 93, Bedroom 54, Bedroom 89, Bathroom 57, Bathroom 65, Bathroom 41, Bathroom 67, Bedroom 1, Bathroom 7, Bathroom 44, Bathroom 82, Bathroom 11, Bedroom 67, Bedroom 35, Bedroom 38, Bedroom 90, Bedroom 50
Appliances Electric Water Heater
Directions Take Veterans Parkway and exit onto Chatham Parkway. Continue onto Garrard Avenue, then turn left onto Garrard Avenue..
Standard status Active
APN 1078901016
Size 69,783 SF
Lot size 1.51 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description PORTION OF LOT 10 BEVERLY FARMS
Tax Annual Amount 903
Legal Description PORTION OF LOT 10 BEVERLY FARMS

Utilities

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

Building Details

Year built 2025
Floors in Building 3
Building materials Frame
Listing Agency: Parker Scott Properties
Listed By: Michelle Parker · License #276851
Added: Dec 9, 2024 Changed: Sep 8 Last Checked: Sep 10 at 5:06PM
MLS# SA323155

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 approved development plan calls for a total of 75 units across two buildings, labeled “North” and “South.” The North building includes ground-floor fitness center space and rooftop amenity space with both indoor and outdoor areas. The rooftop is planned for day-to-night use, supported by additional outdoor amenities including cookout spaces and play areas, with parking provided by surrounding surface lots.

The townhome configuration is designed in pairs, with each pair featuring a garden-level 1BR/1BA flat intended for living space or flexible work use. Above each flat, a three-bedroom townhouse is planned with a two-car rear garage. Each townhouse also includes a separate “carriage house” studio apartment above the garage, accessible via a private lane with parallel parking.

The property is zoned R1. The address is 5011 Garrard Avenue, Savannah, GA 31405.

Key Highlights

  • Approved development for 75 total units: 33 apartment units across 2 buildings (North and South) plus townhouse units and carriage house studios
  • North and South apartment buildings include a ground‑floor fitness center and rooftop amenity space with indoor and outdoor areas
  • Rooftop amenity space is designed for day‑to‑night use and includes areas for coffee, work, and socializing

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Building Supply Pharmacy Law Firm Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

75
Residential units

Location Intelligence

Trade Area within ½ mile

173
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Approved plan for 75 residential units across two buildings, with ground-floor fitness and rooftop amenity space.
Where is this residential land & home lot located?
The property is located at 5011 Garrard Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approved development for 75 total units: 33 apartment units across 2 buildings (North and South) plus townhouse units and carriage house studios; North and South apartment buildings include a ground‑floor fitness center and rooftop amenity space with indoor and outdoor areas; Rooftop amenity space is designed for day‑to‑night use and includes areas for coffee, work, and socializing
More about this property
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