723 E Henry Street Savannah, GA 31401
MULTI_FAMILY - Savannah, GA
Property Features for 723 E Henry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2005409009
- Size
- 2,398 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- LOT 17 AND EAST 15 FEET OF LOT 18 PADELFORD WARD
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
Listing agent Wynn Martin License #374726 (912) 220-9806
Listing office Eighteen O'Two Realty LLC 1216 Waters Avenue Suite B, Savannah, GA (912) 330-2998
Listing date Jan 22, 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.
Investment Insights
Based on property information with market context.
The property is located in Savannah’s Eastside District in Chatham County. It sits on a 0.1188-acre lot and includes four off-street parking spaces. The public remarks note proximity to Forsyth Park via a walkable distance.
This configuration can suit an owner-occupant seeking separate living quarters while maintaining a second unit for household use or rental. Buyers and investors can evaluate the property for multi-unit occupancy with defined bedroom counts and added flex rooms that broaden workspace or guest-room options. Zoning is listed as R4, supporting residential multifamily use.
Key Highlights
- Duplex built in 1910 with two separate units
- Lower unit offers 3 bedrooms, 2 full bathrooms, and a flex room for a 4th bedroom/office/bonus space
- Upper unit offers 3 bedrooms, 1 bathroom, and a flex room suitable for a 4th bedroom or home office
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 | $38.8k | $16.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $36.3k | $15.15 |
| − OpEx | −$10.9k | −$4.54 |
| NOI | $25.4k | $10.60 |
