Duplex with Wraparound
For Sale
$489,900
723 E Henry St, Savannah, GA 31401
Two residential units combine flexible room layouts with four off-street parking spaces and a large wraparound porch.
Property Size2,398 SF
Price / SF$204.30
Days on Market88
Property Features for 723 E Henry St
General Information
Standard status
Active
Size
2,398 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA + flex, 1 x 3BR/1BA + flex
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Eighteen O'Two Realty LLC
Listed By:
Wynn Martin · License #374726
(912) 220-9806
Source:
Bradberrygarnerrealestate
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 7 at 4:46PM
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 Eighteen O'Two Realty LLC
Investment Insights
Based on property information with market context.
Built in 1910, this 2,398-square-foot duplex includes two residential units with distinct layouts and shared architectural character. The first-floor residence offers 3 bedrooms, 2 full bathrooms, and a flex room that can serve as an office, bonus room, or additional bedroom. Upstairs, the second unit provides 3 bedrooms, 1 bathroom, and another flex room suited to office or bedroom use. A large wraparound porch and four off-street parking spaces add usable exterior features.
The property is located at 723 E Henry St in Savannah’s Eastside District, with Forsyth Park within walking distance. Its two-unit configuration and adaptable room counts support a range of residential occupancy arrangements, subject to applicable requirements.
The property is located at 723 E Henry St in Savannah’s Eastside District, with Forsyth Park within walking distance. Its two-unit configuration and adaptable room counts support a range of residential occupancy arrangements, subject to applicable requirements.
Key Highlights
- 2,398‑square‑foot duplex built in 1910
- Two residential units with 3‑bedroom layouts
- Lower unit includes 2 full bathrooms and a flex room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,426
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,520
$508.5K
Cap Rate 7%
$363,229
$363.2K
Cap Rate 9%
$282,511
$282.5K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$36.3K $15.15/SF
− OpEx
−$10.9K −$4.54/SF
NOI
$25.4K $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%
$508,520
Cap Rate 7%
$363,229
Cap Rate 9%
$282,511
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.8K
NOI $25,426 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$336.8K
$294.7K – $393.0K
NOI $23,579 @ 7.0% cap · market cap 4.81%
Theoretical Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,876 @ 7.0% cap · market cap 32.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine flexible room layouts with four off-street parking spaces and a large wraparound porch.
Where is this duplex located?
The property is located at 723 E Henry St Savannah, GA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2,398‑square‑foot duplex built in 1910; Two residential units with 3‑bedroom layouts; Lower unit includes 2 full bathrooms and a flex room
