Brick Three-Unit Apartment
For Sale
$354,900
6 Ronnie Avenue, Savannah, GA 31408
MULTI_FAMILY - Savannah, GA
Property Size3,162 SF
Lot Size0.13 Acres
Price / SF$112.24
Days on Market48
Property Features for 6 Ronnie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 5
Appliances
Electric Water Heater
Subdivision
Industrial City Gardens
Directions
Off Augusta Ave onto Ronnie.
Standard status
Active
APN
6000704004A
Size
3,162 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT D-2 SUB OF LOT 1 RESUB OF LO T 103 INDUSTRIAL CITY GARDE N
Tax Annual Amount
4033
Legal Description
LOT D-2 SUB OF LOT 1 RESUB OF LO T 103 INDUSTRIAL CITY GARDE N
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1961
Floors in Building
2
Number of units
3
Building materials
Brick
Listing Agency:
Seaport Real Estate Group
(912) 202-2042
Listed By:
John R. Carr V · License #389664
(912) 228-0916
Added: Jun 19
Changed: Aug 5
Last Checked: Aug 5 at 5:06PM
MLS# SA358559
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 3,162-square-foot triplex contains three matching apartments, each arranged with 2 bedrooms and 1 bathroom. Units A and B include dedicated garages. Completed in 1961, the building features brick construction, electric and central heating, window-unit cooling, and an electric water heater. Public water and public sewer serve the property, which is zoned R1.
The property occupies 0.126 acres at 6 Ronnie Avenue in Savannah, within the Garden City area outside the city. Its consistent unit layout provides a uniform physical configuration across the building, while the garage availability adds a distinct feature to two of the apartments.
The property occupies 0.126 acres at 6 Ronnie Avenue in Savannah, within the Garden City area outside the city. Its consistent unit layout provides a uniform physical configuration across the building, while the garage availability adds a distinct feature to two of the apartments.
Key Highlights
- Three‑unit multifamily property with 3,162 square feet
- Each apartment includes 2 bedrooms and 1 bathroom
- Dedicated garages serve Units A and B
Financial Insights For Apartment 5plus
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 | $60.3k | $19.08 |
| − Vacancy | −$3.8k | −$1.20 |
| EGI | $56.5k | $17.88 |
| − OpEx | −$25.4k | −$8.05 |
| NOI | $31.1k | $9.83 |
3,162 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.9K
$419.1K – $558.8K
NOI $33,526 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$444.2K
$388.7K – $518.2K
NOI $31,092 @ 7.0% cap · market cap 8.76%
Theoretical Best
Warehouse
$2.96M
$2.59M – $3.45M
NOI $206,857 @ 7.0% cap · market cap 58.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three matching apartments offer a straightforward multifamily configuration with dedicated garages serving two units.
Where is this triplex located?
The property is located at 6 Ronnie Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Three‑unit multifamily property with 3,162 square feet; Each apartment includes 2 bedrooms and 1 bathroom; Dedicated garages serve Units A and B
