Five-Unit Multifamily
For Sale
$999,000
521 W 37th Street, Savannah, GA 31415
Furnished executive rentals complement a long-term rental and an unrenovated unit with added repositioning potential.
Property Size3,506 SF
Price / SF$284.94
Days on Market253
Property Features for 521 W 37th Street
General Information
Standard status
Active
Size
3,506 SF
Property subtype
Multi-Family
Zoning
R4
Additional Details
Furnished
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,500
Amenities
Crawl Space
No
1
Yes
5
Pull-Down Stairs
6
Assessor
Pull Down Attic Stairs
Public
0.0792
Brick/Mortar,Crawlspace
Building Details
Building Size
3,506 SF
Year Built
1950
Buildings
2
Stories
1
Listing Agency:
Keller Williams Coastal Area P
(912) 233-6000
Listed By:
Carie Kuhn · License #367083
(912) 663-2359
Source:
Baystreetrealtygroup
Added: Feb 4
Changed: Oct 11
Last Checked: Oct 14 at 9:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
This multifamily offering combines a duplex at 521 W 37th Street with a one-story triplex at 2106–2108 Burroughs Street. Together, the properties contain five units and 3,506 square feet of living space. The improvements date to 1950.
Units 521B, 2106, and 2108 Burroughs Street are furnished and operating as executive rentals, while 521A is leased as a long-term rental. Unit 2106B remains unrenovated, creating a clear opportunity to improve the property’s unit mix and operations. The Savannah location provides access to downtown, employment centers, hospitals, dining, and shopping, supporting both short-term and mid-term rental use.
Units 521B, 2106, and 2108 Burroughs Street are furnished and operating as executive rentals, while 521A is leased as a long-term rental. Unit 2106B remains unrenovated, creating a clear opportunity to improve the property’s unit mix and operations. The Savannah location provides access to downtown, employment centers, hospitals, dining, and shopping, supporting both short-term and mid-term rental use.
Key Highlights
- Five total units across a duplex and a one‑story triplex
- Combined 3,506 square feet of living space
- Furnished executive rentals at 521B, 2106, and 2108 Burroughs Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,174
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,480
$743.5K
Cap Rate 7%
$531,057
$531.1K
Cap Rate 9%
$413,044
$413.0K
Market Conditions
NOI Build-Up for 3,506 SF
Gross rent
$56.8K $16.20/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$53.1K $15.15/SF
− OpEx
−$15.9K −$4.54/SF
NOI
$37.2K $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 Rate 5%
$743,480
Cap Rate 7%
$531,057
Cap Rate 9%
$413,044
Alternative Uses
Best Use
Multifamily LT 5
$531.1K
$464.7K – $619.6K
NOI $37,174 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 3.45%
Theoretical Best
Warehouse
$3.28M
$2.87M – $3.82M
NOI $229,361 @ 7.0% cap · market cap 22.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
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?
Multifamily property - Furnished executive rentals complement a long-term rental and an unrenovated unit with added repositioning potential.
Where is this multifamily property located?
The property is located at 521 W 37th Street Savannah, GA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Five total units across a duplex and a one‑story triplex; Combined 3,506 square feet of living space; Furnished executive rentals at 521B, 2106, and 2108 Burroughs Street
