Building Details

Year Built 1961

Construction brick

Listing Agency: Seaport Real Estate Group

Listed By: John R. Carr V · License #389664 Show Phone

Source: Patrickrealestate

Added: Jul 13 Changed: Oct 4 Last Checked: Oct 7 at 4:24PM

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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 Seaport Real Estate Group

Investment Insights

Based on property information with market context.

This 3,162-square-foot triplex contains three matching units, each arranged with two bedrooms and one bathroom. Units A and B include dedicated garages, adding private vehicle storage to those residences. The building features all-brick construction and was completed in 1961, providing a durable physical profile for a small multifamily asset.

The consistent unit layout supports a simple property configuration, with the three residences sharing the same bedroom and bathroom count. Together, the matching floor plans and garage availability in two units distinguish the improvements within this compact triplex format.

Key Highlights

• Three‑unit triplex totaling 3,162 square feet
• Each unit has 2 bedrooms and 1 bathroom
• Dedicated garages included with Units A and B

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,092

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$621,840 $621.8K

Cap Rate 7%

$444,171 $444.2K

Cap Rate 9%

$345,467 $345.5K

Market Conditions

NOI Build-Up for 3,162 SF

Gross rent

$60.3K $19.08/SF

− Vacancy

−$3.8K −$1.20/SF

EGI

$56.5K $17.88/SF

− OpEx

−$25.4K −$8.05/SF

NOI

$31.1K $9.83/SF

Area

Savannah, GA

Vacancy

6.30%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$621,840

Cap Rate 7%

$444,171

Cap Rate 9%

$345,467

Alternative Uses

Best Use

Multifamily LT 5

$478.9K

$419.1K – $558.8K (±1% cap)

NOI $33,526 @ 7.0% cap · market cap 9.86%

Second Best

Apartment 5plus

$444.2K

$388.7K – $518.2K (±1% cap)

NOI $31,092 @ 7.0% cap · market cap 9.15%

Theoretical Best

Warehouse

$2.96M

$2.59M – $3.45M (±1% cap)

NOI $206,857 @ 7.0% cap · market cap 60.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Electrical Service (Bike/Boat/Book/etc) Store Bakery

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

240

Businesses Nearby

Explore this area Business Placement

Demographics for 31408, GA

11,790

Population

4,529

Households

2.6

Avg Household Size

36

Median Age

13%

College-Educated

82%

High-School Grad

21.1 sq mi

ZIP Area

559

Density / Sq Mi

$40,109

Median Household Income

$30,667

Median Earnings

$1,080

Median Rent

$160,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three matching residences and dedicated garages for Units A and B create a straightforward multifamily configuration.

Where is this triplex located?

The property is located at 6 Ronnie Ave Savannah, GA.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: Three‑unit triplex totaling 3,162 square feet; Each unit has 2 bedrooms and 1 bathroom; Dedicated garages included with Units A and B