603 W 40th Street, Savannah, GA 31415
MULTI_FAMILY - Other - Savannah, GA
- Added:
- Mar 18, 2026
- Days on Market:
- 90
- Last Refresh:
- Jun 15 at 1:06 am
Property Features for 603 W 40th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- TR1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Parking features
- Garage, On Street, Off Street, Parking Lot
- Patio and Porch features
- Porch
- Fencing
- Fenced, Privacy
- Appliances
- Electric Water Heater, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 2007326010
- Size
- 2,640 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- 2 3 STILES WD
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Sarah Sullivan License #419783 (912) 346-7109
Listing office McIntosh Realty Team LLC 602 Mall Blvd, Savannah, GA (912) 436-6551
Listing date Mar 18, 2026
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.
HighLights
- Value‑add triplex with potential for increased density and income.
- Large, fenced lot offering customization possibilities and future development potential.
- Prime location near Thomas Square, downtown Savannah, SCAD, Enmarket Arena, and the Georgia Ports.
- Three generously sized units providing immediate rental income potential.
- On‑site parking available, a valuable amenity in the area.
- Opportunity to capitalize on a growing neighborhood with high demand.
Overview
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 | $42.8k | $16.20 |
| − Vacancy | −$2.8k | −$1.05 |
| EGI | $40.0k | $15.15 |
| − OpEx | −$12.0k | −$4.54 |
| NOI | $28.0k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.107846
- Latitude
- 32.056171
