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Renovated 5-Unit Apartment Building
For Sale
$1,299,000

637 Anderson Street, Savannah, GA 31401

Fully renovated five-unit complex with in-unit laundry, dedicated off-street parking, and separately metered water and electricity.

Property SizeContact for details
Days on Market722

Property Features for 637 Anderson Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $2,927

Amenities

in-unit laundry
off-street parking
Electric, A/C - Zone, Wall Air Conditioning
3
RM25
5 Parking Spaces.
No Common Walls. Other, Historic Area, Paved Road, Community Maintenance.

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: Coldwell Banker Access Realty
Listed By: Molly Cohen · License #316847
Source: Xome
Added: Sep 17, 2024 Changed: Sep 1 Last Checked: Sep 8 at 4:57AM

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 Coldwell Banker Access Realty

Investment Insights

Based on property information with market context.

This fully renovated five-unit apartment complex offers four two-bedroom, one-bath units and one additional two-bedroom, one-bath unit. Units include in-unit laundry, dedicated off-street parking, and separately metered water and electricity for each residence.

The property is located in Savannah’s Victorian Historic District at 637 E. Anderson Street Unit 1-5. It is described as being steps from SCAD’s Anderson Hall and Bee Line, with Forsyth Park about a half-mile away, and with easy access to Truman Parkway.

The seller’s remarks indicate rental projections of $2,000 to $2,500 per unit per month.

Key Highlights

  • Fully renovated 5‑unit multifamily complex in Savannah’s Victorian Historic District (year built 1900).
  • Unit mix: four 2‑bedroom, 1‑bath units and one additional 1‑bedroom, 1‑bath unit.
  • In‑unit laundry plus dedicated off‑street parking (5 parking spaces).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Carpet & Flooring Store Plumbing Service Electrical Service Nursing Home Home Appliance 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

5
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,190
Businesses Nearby

Demographics for 31401, GA

22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully renovated five-unit complex with in-unit laundry, dedicated off-street parking, and separately metered water and electricity.
Where is this apartment building located?
The property is located at 637 Anderson Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Fully renovated 5‑unit multifamily complex in Savannah’s Victorian Historic District (year built 1900).; Unit mix: four 2‑bedroom, 1‑bath units and one additional 1‑bedroom, 1‑bath unit.; In‑unit laundry plus dedicated off‑street parking (5 parking spaces).
More about this property
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